Apartment Block in Leipzig
£285 000 +3 buyers fee
10 yield guaranteed for 2 years
55 let, 2 new tenants going in next week Finance available.
Here we have a 5 storey property with another property to the rear of the main building separated by a small car park area (room for 2/3 cars).

The 5 storey building is over 700sq mtrs and the back building is 2 stories high of about 330sq mtr.

The building is located on a not very busy main road and is about 5 min drive from Leipzig town centre.

There are about 15 units in total comprising of 1/2/3 bedroom flats, of which just over half are already let, anticipating letting the rest this year.

Three of the units are in need of modernisation, one in the front building which needs a new kitchen, bathroom, central heating, laminate flooring and decoration and the other two which comprise of the whole of the back building which are going to let as is for 2euros per sq mtr which is extremely cheap even bearing in mind it needs work spending on it.

The guaranteed yield of 10 takes the above into account.

The price has a guaranteed yield of 10 over 2 years.

I am direct with the English owner of this building. It works out each unit is under £20 000 each