Multi-family house in need of renovation with great potential!
04600 Altenburg
At a glance
Property Description
Offered is a building in need of renovation in a very good location in Altenburg.
The property comprises 7 residential units (450 m²)
The plot has an area of approximately 500 sqm. There is the possibility of setting up parking spaces at the back of the yard.
The building is vacant. Upon full letting, the target net rent will be around 30,000 euros.
The property is in need of renovation
The optimal location in the town centre ensures a seamless re-letting
Secure your attractive investment opportunity now and get in touch with us.
Fittings
Altenburg is the district town of the Altenburger Land district and is located almost in the centre of the Leipzig-Chemnitz-Gera triangle of cities. The area belongs to the last foothills of the Ore Mountains, which end north of the town in the Leipzig lowland basin.
The `Skatstadt`, over 1,000 years old with approx. 34,500 inhabitants, is located in eastern Thuringia, approximately 39 km south of Leipzig.
The B180 runs through Altenburg. The B7 and B93 pass south-east of Altenburg, relieving traffic in the town centre. The B7, B93 and B180 mainly serve as feeder roads to the motorways. The A4 runs approx. 20 km to the south. There are daily direct bus connections to Leipzig.
The town, known as the cradle of the skat card game, became world-famous through playing cards. Playing cards are still produced in Altenburg today. The former royal residence town has much more to offer, such as the castle enthroned on a rock above the town, numerous parks, and the large pond.
Amenities to cover daily needs as well as a public transport stop are within walking distance.
Property data
| Property types | House, multi-family house |
| Address | 04600 Altenburg |
| Floors in the building | 4 |
| Living space approx. | 450 m² |
| Plot of land approx. | 500 m² |
| Rooms | 20 |
| Condition | in need of renovation |
| Usable area approx. | 900 |
| Buyer's commission | 7.14 % incl. VAT. The commission is due upon notarisation of the purchase agreement. |
| Purchase price | 315,000 EUR |
Location
04600 Altenburg, Germany (view on Google Maps)
Commission, right of withdrawal and notices
>The commission is due upon notarisation of the purchase agreement.
Cancellation Policy
Right of Withdrawal
You have the right to withdraw from this contract within fourteen days without giving any reason.
The withdrawal period is fourteen days from the day the contract is concluded.
To exercise your right of withdrawal, you must inform us (L&B Immobiliya EuRus GmbH, Frankfurter Allee 18, 10247 Berlin, Tel: 030 76214976, Email: info@immobiliya.de) by means of a clear declaration (e.g. a letter sent by post or an email) of your decision to withdraw from this contract. You may use the attached model withdrawal form, although this is not obligatory.
To meet the withdrawal deadline, it is sufficient that you send your notice of the exercise of the right of withdrawal before the withdrawal period expires.
Effects of withdrawal
If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than fourteen days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless expressly agreed otherwise with you; in any event, you will not incur any fees as a result of such reimbursement.
