We have available a modern, commercial building in Magdeburg, Saxony-Anhalt. The property was built in 1998 on a plot size 4539m2. The building has seventeen units comprising twelve offices (663m2); four storage units (875m2) and a restaurant (125m2 + 120m2 terrace). The total floor area of 1049m2 + 875m2 storage delivers an annual rental income of 56,115 euros - an actual yield of 10.5%!. Magdeburg is a major city centrally located in Saxony Anhalt. The area is steeped in history from the year 1200 with the first Gothic cathedral in Germany as well as links to Martin Luther. The city is now a major university centre for more than 18,000 students. Magdeburg is situated on the River Elbe and its 230,000 inhabitants enjoy the cultural and historical links combined with a modern and dynamic city centre. A very attractive investment package..........
We have available a tenanted one bedroom apartment in Sandau, Saxony-Anhalt. This modern, two storey apartment house was built in 1958 and subsequently modernized in 2000. The groundfloor property has an entrance hall which leads to a large kitchen, tiled modern bathroom with shower, living room and bedroom. This apartment also has a cellar, central heating, storeroom and parking place. This tenanted apartment has an annual rental income of approx 2640 euros which delivers an excellent yield of 7.2%. Sandau is located approx. 100 km north-west of Berlin in a quiet and idyllic rural setting. The area is close to the River Elbe as it winds its way to Hamburg. This area of the north German plain is prime agricultural land typified by farms and small rural villages and towns. The beautiful Elbetal Nature Park lies to the north of Sandau. The town of Sandau is in Sachsen-Anhalt situated on the right bank of the River Elbe and has a population of approx. 1000.
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