Rented Investment Unit: Studio Apartment in Chemnitz Centre
Highlights
Sold in rented state
Yield: 3.3%, net rent excluding charges: € 156.75, COA fee: € 95
Elimination of the blocking period of 3 years for personal use
Perfect for students or young professionals
Convenient elevator
Description
The Building
Bergstrasse 39-49 is a four-storey residential and commercial building built in 1994 with 60 residential and commercial units. The 51 owner-occupied residential units comprise 1- to 3-bedroom apartments with sizes of around 45 to 98 square meters, most of which have west-facing balconies and furnishings corresponding to the year of construction. The nine commercial units are located on the ground floor of the complex. The building has been well-preserved so that no major expenses are to be expected in the context of ongoing maintenance. Over the past few years, some of the flat roofs, the stairwells, and the façade including the balcony parapets and window reveals have been repaired. An inside elevator also ensures barrier-free access to all floors, while the outdoor facilities are characterized by landscaped open spaces.
The Apartment
This compact studio apartment is suitable not only for students and young professionals, but also for far-sighted investors looking to cushion their future income. The 31-square-metre apartment features a welcoming entrance area, a compact bathroom, a balcony, and a bright living/sleeping room with practical kitchenette. An interior elevator transports the tenants comfortably up to the third floor. Additionally, the attractive yield and net cold rent are supplemented by the fact that the three-year waiting period for personal use no longer applies, as the rental agreements were concluded before the apartments were converted into condominiums.
The Location
Bergstrasse 39-49 is located in Schlosschemnitz, the oldest and greenest district of Chemnitz. The immediate surroundings are characterized by mainly residential buildings. The castle church with the adjacent castle pond, which is very popular with picnickers and walkers, is within walking distance. Within a few minutes drive you can also reach the local recreation area Küchwaldpark with its own park railroad, the cosmonaut center Sigmund Jähn, as well as the festival field and ice rink. In the immediate vicinity there are bus lines that provide connections to the main train station and thus to the regional and national railroad network. Additionally, the Bergstrasse leads northwards directly into the B95 federal highway, the feeder road to the A4 federal highway and the Chemnitz Center shopping complex.
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