The property is located in Gablenz/Chemnitz.

The apartment is currently under conversion, but it is largely completed and can be viewed. All remaining work is limited to installing the sanitary fixtures, clearing out, and cleaning the residential unit.

The apartment is unoccupied.

It is currently being merged from two apartments (WE05 and WE07).

The apartment consists of 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.

This apartment is an excellent investment, as a property of this size and type has not been available on the Chemnitz market (excluding the immediate Sonnenberg area) 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 instance to a holiday apartment/short-term rental, should most likely be possible.

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

The apartment includes a completely new shower room (with a walk-in shower) including sanitary fittings, drywall, etc. (when completed) and an older bathroom (with a bathtub). Note: This can still be renovated if desired, but currently, due to the costs, it was not the focus. We will, however, be happy to recommend contractors. 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.

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

The upper (older) bathroom has an exhaust system, and the lower (new) bathroom features a large window.

For the size, location, and amenities of the apartment, a net cold rent of approximately €850–975 per month can be achieved. This results 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, the flooring in all other rooms has been renewed with high-quality PVC and tiles installed. We can also provide contact details for the contractor who installed the floors, if desired. However, tiling in the upper bathroom only makes sense if the entire bathroom is retiled – approximately €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 heating distribution units have also been serviced.

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

Thanks to the sloping ceilings, the apartment feels much more spacious than its stated size of approximately 125 m². In terms of feel, this apartment is comparable to one of 150–160 m².

The price of the apartment is for the unit(s), not per square meter, since the measurements after the conversion have not yet been updated (although they have already 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 used to express yourself.

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 mix of urban living and plenty of greenery.

Central location and optimal transport connections

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

Green oases and leisure opportunities

Amid the residential areas you will find numerous green spaces and gardens, which make Gablenz especially family-friendly and livable. The nearby recreational area around the Adelsbergturm invites you for walks, hikes, and bike rides.

Diverse infrastructure

At the Gablenz-Center, the modern shopping mall in the district, everything you need for daily life is easily accessible: supermarkets, drugstores, clothing stores, bookstores, restaurants, pharmacies, hairdressers, postal and bank offices are right 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 residences – from renovated Plattenbau complexes to listed residential buildings such as the Gartenstadt Gablenzsiedlung, and even modern new buildings. The Gartenstadt Gablenzsiedlung has received multiple awards and stands for exceptionally high living quality.

Highlights

Among the landmarks 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 transport connections – ideal for those who want to live close to the center while still enjoying a peaceful neighborhood.

Land value/Market value

According to land value assessments, 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 staircase and 2 basement storage compartments (05 and 07) in the basement.

The future residential unit is accessible today and in the future via 3 stairwell doors.

It currently consists of residential units 5 and 7 as per the building plans. After the merger, the apartment will be designated as unit 5, and all rooms previously allocated under the special usage rights of unit 7 will be incorporated into unit 5.

The apartment(s) can already be purchased before the merger, as this is merely an administrative act and does not affect any building rights or require compliance with any building regulations.

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

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

As of today, we do not accept any brokers. The only exception is a so-called interim purchase in order to subsequently resell the unit. There will be no exclusive broker mandate. If you are a broker and have a buyer for an investment property, please feel free to get in touch. Otherwise, please save all our time. Thank you.