COMMERCIAL OPPORTUNITY WITH 10.4% YIELD

This is an interesting though unusual opportunity! A local authority welfare agency is the tenant for this apartment house of 64 units. The agency provides assisted accommodation for tenants with either health, old age or disability issues.

We have for sale two of the tenanted apartments within this facility. The agency operates under a 15 year lease which dates from 1996 and has a further 15 years in extension options. Both apartments are on the third floor - one is a studio (35m2) and the other is a one bedroom unit (60m2). Both properties have central heating and one has a balcony. The maintenance costs for the apartments are covered by the tenant.

The net annual income from the apartments exceeds 5000 euros which delivers an excellent yield of 10.4%.

This commercial opportunity is located in Werdau, Saxony. Werdau is a typical residential town in Saxony located 50km east of Chemnitz and 80km south of Leipzig. The town, situated on the River Pleisse, has a population exceeding 23,000 with a history associated with textiles but more recently with precision engineering linked to the automobile industry. In addition the town is a tourist attraction set amongst the green rolling hills of Saxony.

These properties represent a 'hands free' and secure investment opportunity..........

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