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

The property is located in Gablenz/Chemnitz.

The apartment is currently in the process of being finished out, but it is largely completed and can be viewed. All remaining work is limited to minor cosmetic tasks, such as decluttering and cleaning the living unit.

The apartment is unoccupied.

It is currently being formed by merging two apartments (WE05 and WE07).

The apartment comprises an older section and a newer section.

The older section (approximately one-third) has been renovated, while the newer sections (approximately two-thirds) have been completely redesigned. You are welcome to see this for yourself during a viewing.

The apartment is ideally suited as an investment property since an apartment of this size and type has not been available for several years on the Chemnitz market (except in the immediate vicinity of Sonnenberg, which is the reason for the merger). It is also possible for owner-occupancy, for example, for larger families or families with home office needs. Even a change of use to a holiday apartment/residential conversion should very likely be possible.

The apartment has four standard-sized bedrooms and one smaller room (office). There is a very spacious living kitchen of over 30 sqm.

The apartment features a completely new shower room (with a walk-in shower) including sanitary installations, drywall, etc. (when completed) and an older bathroom (with a bathtub). Please note: This bathroom can be renovated, but due to the costs it was not the focus at the time. We are happy to recommend craftsmen, however. The shower room is equipped with both underfloor heating and radiator heating. The towel radiator was relocated to the hallway to create more space in the bathroom for larger families.

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

The upper (older) bathroom is fitted with an exhaust system, while the lower (new) bathroom has a large window.

For the size, location, and equipment of the apartment, a net cold rent of approximately €850–975 per month is achievable. This results in a gross rental yield between 5.37% and 6.16%. Renting out this apartment after the conversion should pose no problem.

In all rooms except three, the flooring has been renewed with high-quality PVC flooring and tiles. We can also recommend the tradesperson who installed the floors, if desired. Note that tiling in the upper bathroom really only makes sense if the entire bathroom is re-tiled – costing €3,000–4,000 without porcelain.

All interior doors have been renewed.

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 units for the heating system have also been serviced.

In both units, new light switches and electrical outlets have been installed to achieve a uniform look.

Thanks to the sloping ceilings, the apartment feels much more spacious than the stated approx. 129.76 sqm. In terms of ambiance, this apartment is very comparable to a 150–160 sqm apartment.

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

The building has a garden, which is currently empty (a field). This generous area can be put to good use as a space to unwind.

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

Chemnitz-Gablenz

The Gablenz district is located in the southeastern part of Chemnitz and is one of the city’s most popular residential areas. With approximately 15,200 inhabitants and an area of 3.6 km², Gablenz offers a successful mix of urban life and abundant greenery.

Central Location and Optimal Transport 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 adds to the overall comfort for all residents.

Green Oases and Leisure Opportunities

Between residential complexes, there are numerous parks and gardens, making Gablenz particularly family-friendly and pleasant to live in. The nearby recreational area surrounding the Adelsbergturm invites you for walks, hikes, and bike rides.

Diverse Infrastructure

In the Gablenz-Center, the modern shopping center of the district, all daily necessities can be easily reached: supermarkets, drugstores, clothing stores, bookstores, restaurants, a pharmacy, hairdressers, postal and bank branches are all located right on site. Several kindergartens, schools, and medical facilities ensure comprehensive care and services in the district.

Architecture and Quality of Living

Gablenz offers a varied mix of housing – from renovated prefabricated housing estates and listed residential complexes such as the Gablenz Garden City settlement to modern new builds. The Gablenz Garden City settlement has received multiple awards and stands as a symbol of high-quality living.

Highlights

Among the local points of interest 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 represents urban living in a green environment with superb infrastructure and outstanding connectivity – ideal for those who want to live close to the center yet in a peaceful setting.

Land Value/Market Value

According to the standard land values, the Gablenz district belongs to the top quintile of Chemnitz city areas.

The future apartment includes a large storage room in the top of the stairwell (approx. 6.5 sqm) and 2 basement compartments (05 and 07, each approx. 6 sqm) in the basement.

The future living unit is accessible today and in the future through 3 stairwell doors.

It currently concerns living units 5 and 7 in the construction plans. After the merger, the apartment will be designated as No. 5, and all rooms that are currently allocated under the special usage rights of No. 7 will be incorporated into No. 5.

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

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

Administrative act in accordance with § 19 VwVfG (Administrative Procedure Act).

As of today, we do not accept any brokers. The only exception is a so-called intermediate purchase where the unit may subsequently be resold. There will be no exclusive broker mandate. If you are a broker and have a buyer interested in an investment property, please feel free to get in touch.