House for sale • 1859 m² without real estateDresden Neustadt Sachsen 01097

The property is located in the popular Hechtviertel of the Dresden district Leipziger Vorstadt.

According to the IIB Institute for Inventory Real Estate, the currently expected yield is 5.05% (see Immobilien Atlas Dresden, Capital, Issue 05/2025).

Brief Description

• Built in 1999; constructed in load-bearing construction.

• 31 apartments, including:

-- 17 units are two-room apartments with a kitchen, hallway, and bathroom.

-- 14 units are one-room apartments with a kitchen/kitchenette, hallway, and bathroom.

• 2 commercial units, with one commercial unit each in the front building (practice) and the rear building (office).

• Both the front and rear buildings are equipped with elevators, wide doors, and airy corridors.

• Very well maintained and in impeccable condition.

• Good energy efficiency with average ancillary costs currently at €2.68/m².

• Well managed, with a selected and solid tenant structure and no rent arrears.

• Good tenant structure; little to no vacancy (currently 100% occupied).

• The compensation payment under § 154 of the Building Code was repaid prematurely.

The Hechtviertel is a desirable residential area, characterized by its central yet quiet location.

In the immediate vicinity:

• Numerous green spaces and the forest area of Dresdner Heide.

• A variety of schools, kindergartens, medical practices, and shops for daily needs.

• Fundamental municipal renovation and road construction measures have been successfully completed.

• Distance to the Elbe: approximately 2.5 km.

• The property is secure against flooding.

• Well connected for both private transport and public transport.

• Highway connections reachable within five minutes.

• Dresden-Neustadt train station (long-distance station) is 2 km away.

The property consists of a front and a rear building.

• Front and rear buildings with elevators and mostly barrier-free.

• Central gas heating.

• Some residential units have been completely modernized in the course of new rentals.

• The loggias of the front building have been newly fitted with modern privacy screens.

Front Building:

• 7 floors with a total of 21 units.

• Constructed barrier-free, with spacious corridors, an elevator, and large bathrooms.

• Floors 1 to 5 have loggias facing the street.

• Floors 1 to 5 have storage rooms for 2 out of 3 residential units on the floor.

• The attic was newly developed in 2024.

• The attic features thermal insulation exceeding the statutory requirements.

• In the attic, there are balcony-like projections (Velux Cabrio windows).

• In the basement, additional storage rooms for rental apartments.

• In the basement, a laundry room with washing machine and dryer spaces, complete with its own water meter and electrical outlets.

• In the basement, two caretaker rooms and a utility room.

• In the basement, an in-house satellite system.

• Wheelchair-accessible apartments from the ground floor up to the 5th floor.

Rear Building:

• 3 floors with 12 units and an elevator.

• Bright entrance with a glass façade.

• Paved and landscaped courtyard.

• On the ground floor, an atrium garden at the rear with 3 terraces.

• 2 spacious roof terraces on the 1st floor.

• Rear building with official use authorization for use both as residential space and as a hotel.

Annual net cold rent: €168,100

Current land value: €1,200/m²; plot value of €948,000.

New rentals at €9.50/m² - €11.00/m².

Stated total area according to DIN 277; the indicated purchase price per m² refers to the total area.

Manufacturing sites of semiconductor producers “Globalfoundries”, “Robert Bosch Semiconductor”, “Infineon” and others are only a few kilometers away from the property.

The property is marketed by the owners.

No real estate commission applies.

Price proposals are welcome!