House for sale • 396 m² without real estateWerdauer Strasse 33, , Saxony

For sale is a package consisting of 7 out of 10 apartments in a multi-family house (divided according to condominium law) as well as the undeveloped neighboring plot in the heart of Zwickau.

The building was constructed around 1900 and was completely renovated around the turn of the millennium. The heating and electrical systems were modernized between 2013 and 2015. Some of the apartments were freshly refurbished last year (painting, partly new doors, vinyl flooring).

The living area is distributed among the 7 apartments as follows:

• Ground Floor A-1: 31.30 m²

• Ground Floor A-2: 48.19 m²

• 1st Floor A-4: 62.50 m²

• 3rd Floor A-7: 65.42 m²

• 3rd Floor A-8: 66.14 m²

• 4th Floor A-9: 61.65 m²

• 4th Floor A-10: 61.60 m²

After years of successful leasing as furnished temporary accommodation, the apartments are now ready for new long-term rentals. Currently, the monthly net cold rent is EUR 1,130, i.e. EUR 13,560 per annum (3 out of 7 apartments are rented). The target rent is set at EUR 1,985.00 per month, or EUR 23,820.00 per annum, based on a rather conservatively low current rent due to the location. Certainly, higher rents are possible.

Also included in the sale is the undeveloped neighboring plot, with an area of 380.00 m². A positive preliminary building permit exists for an aparthotel, and the existing plans can be handed over. Alternatively, the plot could be fenced in shortly and parking spaces could be rented to the tenants or to third parties. Secured parking spaces are scarce and in high demand.

Each apartment comes with its own basement storage unit.

No major investments are currently planned in the condominium; however, it would certainly be possible, in cooperation with the other owners, to agree on measures for the coming years that would improve the residential environment and enable even higher rents (for example, the development of the currently unused courtyard).

MICROLOCATION

Werdauer Straße, designated as B175, is one of the central entry and exit routes in the vibrant automotive city of Zwickau. Its excellent transportation links are highlighted by very short walking distances to the train station or the nearest tram stop (with a line right at the door).

Distances:

• 550 m to the Robert-Schumann Conservatory

• 650 m to the train station with connections to Leipzig

• 650 m to the Paracelsus Clinic

• 1,100 m to the old town

• 1,400 m to the West Saxon University

• 2,500 m to the city hall

• 20 km to the Volkswagen plant

MACROLOCATION

Zwickau is distinguished by its central location in Europe while simultaneously being positioned on the outskirts of Germany. The Czech border is approximately 50 kilometers away from Zwickau. Leipzig-Halle Airport is about 115 km away, and Dresden Airport about 120 km.

With 89,540 inhabitants (as of December 31, 2018), Zwickau is the fourth largest city in Saxony and serves as a regional center in the southwestern part of the state. The district of Zwickau is traversed by motorways A4 and A72 as well as federal highways 93, 173, 175, and 180. By car from Zwickau (city), Dresden, Leipzig, and Erfurt are reachable in roughly one hour, while Nuremberg is accessible in just under two hours. There are hourly S-Bahn connections from Zwickau towards Leipzig Airport and Halle Central Station, and Mitteldeutsche Regiobahn services run to Chemnitz, Dresden, and Hof.