For sale Terraced House, Lugau, Chemnitz, Germany, Oelsnitzer Str. 39

For sale - Cod. 29292

• Tipology: Terraced House
• Area: 302 m²
• Rooms No.: 15
• Floor: parquet stratifié
• Publication date announcement: 17/09/2016

This is a building fully leased for 6 families with attic on a plot of 610 qm; The roof is enlarged and converted. The two upper apartments are duplex with a spiral staircase to the attic. There are also two garages and a garden and a barbecue area.

Your rental income per year will be on € 17,220.

The property is located in the Lugau Ore Mountains (Erzgebirge) between Zwickau and Chemnitz. It is easily accessible via three motorways (B180, B169, B173 and A72 Chemnitz-Zwickau and Dresden-Hof, which is only 5 minutes drive). A bus stop is 1 minute walk.

With a purchase price equivalent to 11 times the annual rent, the house is paid after about 11 years only by rents. In comparison with an investment in Paris, Nice, Lyon and Marseille, on average it takes 20 years for a return on an investment, about twice as long.