Flat for sale • 130 m² without real estateChemnitz Gablenz Sachsen 09126

Below is the English translation of the text:

The property is located in Gablenz/Chemnitz.

The apartment is currently being developed and is now largely completed and available for viewing. All remaining tasks are limited to minor cosmetic work, room clearing, and cleaning of the residential unit.

The apartment is unoccupied.

The apartment is currently being created by combining two apartments (WE05 and WE07).

The apartment has an old part and a new part.

The old part (approximately 1/3) has been renovated. The new parts (approximately 2/3) have been completely redesigned. You are welcome to see this for yourself during a viewing.

The apartment is an excellent investment opportunity, as an apartment of this size and type has not been available on the Chemnitz market (except in the immediate vicinity of Sonnenberg) for several years (reason for the merger). It is also suitable for owner-occupiers, for example, larger families or families with a home office. Even a change of use for a holiday apartment/KZVM should very likely be possible.

The apartment has four regular-sized bedrooms and one smaller bedroom (office). There is a very spacious kitchen-dining area with over 30 m².

The apartment features a completely new shower room (with a walk-in shower) including sanitary facilities, drywall, etc. (once completed) and an older bathroom (with a bathtub). Please note: Although this bathroom can also be renovated, it was not the current focus due to the costs involved. However, we are happy to refer you to the craftsmen. The shower room is equipped with underfloor heating as well as radiator heating. The towel radiator has been relocated to the hallway to create more space in the bathroom for larger families.

Thanks to the two bathrooms, the washing machine connection can be used flexibly (available twice).

The upstairs (older) bathroom has an exhaust system, while the downstairs (new) bathroom has a large window.

For the apartment’s size, location, and features, a net cold rent of approximately €850–975 can be achieved, resulting in a gross rental yield between 5.37% and 6.16%. It should not be a problem to rent out this apartment after the conversion.

With the exception of three rooms, all other rooms have had their flooring renewed, and high-quality PVC flooring as well as tiles have been laid. Again, if desired, we can recommend the contractor who installed the floors. Tiles in the upstairs bathroom only make sense if the entire bathroom is retiled – at a cost of €3,000–4,000 excluding porcelain.

All interior doors have been replaced.

In the new part of the apartment (05), all radiators have been replaced.

In the old part of the apartment (07), all radiators have been serviced.

The distribution systems for the heating have also been serviced.

New light switches and electrical outlets have been installed in both units to achieve a uniform look.

Due to the sloping ceilings, the apartment feels much more spacious than the stated approximately 129.76 m². In fact, the feel of the apartment is similar to that of a 150–160 m² dwelling.

The price is for the apartment(s) as a whole, not per square meter, as the apartment(s) have not been re-measured after the conversion yet (although this has already been commissioned). Please consider this advertisement as an image advertisement.

The building has a garden, which is currently empty (a lawn). This generous area can be well utilized for various activities.

With the purchase of the units, you acquire 348.46 shares of 1,000.

Chemnitz-Gablenz

The Gablenz district is located in the southeast of Chemnitz and is one of the city’s most popular residential areas. With around 15,200 inhabitants and an area of 3.6 km², Gablenz offers a successful mixture of urban life and plenty of greenery.

Central location and optimal transportation connections

Gablenz impresses with its convenient location: Tram line 5 and several bus lines (including 43, 62, 72, 82A/82B, N13) provide quick access to the city center and other districts. The recently modernized, barrier-free tram route further enhances the comfort for all residents.

Green oases and recreational opportunities

Between the residential areas, there are numerous green spaces and gardens that make Gablenz particularly family-friendly and livable. The nearby recreation area around the Adelsbergturm invites you to stroll, hike, and cycle.

Diverse infrastructure

At the Gablenz-Center, the modern shopping center of the district, all daily necessities are conveniently within reach: supermarkets, drugstores, clothing stores, bookstores, restaurants, a pharmacy, hair salons, as well as post and bank branches are located right on site. Several day-care centers, schools, and medical facilities ensure comprehensive care and services in the district.

Architecture and living quality

Gablenz offers a varied mix of residences – from renovated prefabricated housing estates to listed residential complexes such as the Gartenstadt Gablenzsiedlung, as well as modern new buildings. The Gartenstadt Gablenzsiedlung has been awarded multiple times and is known for its especially high living quality.

Special features

Among the attractions is the neo-Gothic St. Andreas Church. The quiet, green surroundings and excellent infrastructure make Gablenz an attractive address for singles, couples, and families alike.

Conclusion

Gablenz stands for urban living in a green environment with excellent infrastructure and superb connectivity – ideal for those who want to live near the city center yet in a quiet setting.

Land Value/Market Value

According to land value estimates, the Gablenz district is among the top fifth of the urban areas in Chemnitz.

The future apartment features a large storage room in the topmost part of the staircase (approximately 6.5 m²) and 2 cellar compartments (05 and 07, each approximately 6 m²) in the basement.

The future living unit is accessible today and in the future via 3 staircase doors.

It currently concerns the residential units 5 and 7 in the building plans. After the merger, the apartment will bear the designation 5, and all rooms which are currently allocated to unit 7 under the right of special use will in the future be part of unit 5.

The apartment(s) can already be purchased before the merger, as this is merely an administrative procedure and does not affect any construction rights or require consideration of any building regulations. All documents are complete except for the land register extracts.

The apartments are located on the 2nd floor and the attic.

Administrative act pursuant to § 19 VwVfG (Administrative Procedures Act)

As of today, we are not accepting any brokers. The only exception is a so-called interim purchase in order to potentially resell the unit later. There will be no exclusive brokerage contract. If you are a broker and have a buyer for an investment property, please feel free to get in touch.