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			APARTMENT HOUSE WITH 11,7 yield House For Sale Saxony Germany EUR 146500	21/11/2008 Free Ad

This attractive apartment house in Saxony offers a terrific 11.7% yield. This fully tenanted, four storey apartment house has eight residential units with a total floor area of 405m2. The apartments range in size between 39-58m2 with two apartments per floor. The property was built in 1906 on a plot size of 450m2. There has been significant modernisation since. The units have the benefit of central heating, cellar and four parking places. Bischofswerda is a small town in Germany at the western edge of Upper Lusatia in Saxony. The population is approx 12,700 and the town is located 33 km to the east of Dresden. There are cloth, artificial flower, cigar factories, glass-works, potteries, and in the neighbourhood large granite quarries. It is famous as the scene of a battle, on the 12th of May 1813, between the French and the Allies after Napoleon s retreat from Moscow. The property has an annual rental income exceeding 17,000 euros and delivers an excellent yield of 11.7%.

Property in Germany & Real Estate in Germany