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

The property is located in Gablenz/Chemnitz.

The apartment is currently being finished, but it is largely completed now and can be viewed. All remaining work is limited to minor cosmetic tasks, tidying up, and cleaning the living unit.

The apartment is unoccupied.

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

The apartment consists of an old section and a new section.

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

The apartment is excellent as an investment property, as apartments of this size and type have not been available on the Chemnitz market for several years (excluding the immediate vicinity of Sonnenberg, which is why the merger is taking place). It is also possible to use it for owner-occupation, for example for larger families or families with home office requirements. Even a change of use to a holiday apartment/short-term rental should very likely be possible.

The apartment has four normally sized bedrooms and one smaller room (office). There is a very spacious open-plan kitchen/living area of over 30 m².

The apartment features a completely new shower room (with a walk-in shower) including sanitary fixtures, drywall, etc. (once completed) and an older bathroom (with a bathtub). Please note: The older bathroom can certainly be renovated if desired, but it has not been the focus recently due to costs. We are happy to recommend tradespeople if needed. 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 for larger families in the bathroom.

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

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

Given the size, location, and features of the apartment, a net cold rent of approximately €850–975 can be achieved. This yields a gross rental yield between 5.37% and 6.16%. It should not be a problem to rent out the apartment after the refurbishment.

Except for three rooms, the flooring has been renewed in all other rooms, with high-quality PVC flooring and tiles installed. Again, if desired, we can recommend the tradesperson who laid the floors. However, tiling in the upper bathroom only makes sense if the entire bathroom is retiled – costing €3,000–4,000 excluding porcelain.

All interior doors have been replaced.

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

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

The heating distribution systems have also been serviced.

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

Due to the sloping ceilings, the apartment feels much more spacious than the stated approximately 129.76 m². In terms of feel, this apartment comes close to an apartment of 150–160 m².

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

The building has a garden, which is currently empty (a lawn). This generous area can be well utilized to express your creativity.

With the purchase of the units, you acquire 348.46 shares out 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 mix of urban life and plenty of greenery.

Central Location and Excellent Transport Links

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

Green Oases and Leisure Opportunities

Among the residential developments there are numerous green spaces and gardens, making Gablenz particularly family-friendly and livable. The nearby recreation area around the Adelsbergturm invites you to walk, hike, and cycle.

Diverse Infrastructure

In the Gablenz-Center, the modern shopping center of the district, everything needed for daily life is easily accessible: supermarkets, drugstores, clothing stores, bookstores, restaurants, a pharmacy, hairdressers, as well as post and bank branches are all located on site. Several daycare centers, schools, and medical facilities ensure comprehensive care and services in the district.

Architecture and Quality of Living

Gablenz offers a varied mix of apartments – from renovated prefabricated housing estates to listed residential complexes like the Gablenz Garden City estate, and modern new buildings. The Gablenz Garden City estate has received several awards and stands for particularly high living quality.

Highlights

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

Conclusion

Gablenz is synonymous with urban living in a green setting with excellent infrastructure and outstanding transport connections – ideal for those who want to live centrally yet peacefully.

Land Value/Market Value

According to land valuation, the Gablenz district belongs to the top quintile of Chemnitz districts.

The future apartment will feature a large storage room in the top floor staircase area (approximately 6.5 m²) and 2 basement storage compartments (05 and 07, each approx. 6 m²) in the basement.

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

Currently, these are the living units 5 and 7 in the building plans. After the merger, the apartment will be designated as number 5 and all rooms previously assigned as part of the special usage rights of unit 7 will be incorporated into unit 5.

The apartment(s) can also be purchased before the merger, as this is merely an administrative act and does not affect any direct building rights or require any building law considerations. The documentation is complete apart from the land registry excerpts.

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

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

As of today, we do not work with any brokers. The only exception is a so-called interim purchase in order to potentially resell the unit afterwards. 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 contact us.