5% Yield! Multi-family house with additional letting potential in Plauen!
08525 Plauen
At a glance
Property Description
For sale is a multi-family house on Morgenbergstraße in Plauen. According to the energy certificate, the building was constructed in 1905 and comprises a total of four storeys with seven residential units, as well as a total living space of approx. 561.60 m². Currently, six of the seven apartments are let. The current monthly cold rent income amounts to €1,928.77. The apportionable ancillary costs amount to €1,273.23 per month, resulting in a current total gross warm rent of approximately €3,222 per month.
There is also further rent increase potential:
A garage is currently in rental negotiations, which could generate additional net income of approx. €240 per month. In addition, a small unit on the ground floor right, with an area of approx. 15.59 m², is currently vacant. Upon re-letting, additional monthly income of around €100–150, or possibly more, could be achieved here.
Fittings
The flats are in a normal, well-maintained condition. Some of the living rooms are fitted with laminate flooring. The bathrooms and kitchens have tiled surfaces. The overall property also presents itself in a solid general condition.
The heating system was installed in 1995. The energy performance certificate was issued on 24.04.2019. The energy consumption value is 147 kWh/(m²·a), energy efficiency class D.
The property is suitable both for capital investors and for investors looking at future development opportunities and additional income potential.
Property data
| Property types | House, multi-family house |
| Address | 08525 Plauen (Haselbrunn) |
| Floors in the building | 4 |
| Living space approx. | 560 m² |
| Plot of land approx. | 505 m² |
| Rooms | 16 |
| Usable area approx. | 560 |
| Last modernisation | 1995 |
| Fittings | Standard |
| Rental income | 1928.77 € / month |
| Heating type | Central Heating |
| Primary energy source | Natural gas, heavy |
| Year built | 1995 |
| Condition | well-maintained |
| Buyer's commission | 17850 incl. VAT The commission is due upon notarisation of the purchase agreement. |
| Purchase price | 450,000 EUR |
Energy performance certificate
| Type of energy performance certificate | Consumption certificate |
| Year built according to energy certificate | 1995 |
| Primary energy source | Natural gas, heavy |
| Final energy consumption | 102,47 kWh/(m²·a) |
| Energy efficiency class | D |
Location
The property is located on Morgenbergstraße in Plauen, the largest city in the Vogtland region. The location is characterised by good infrastructure as well as solid transport links. Shopping facilities, schools, kindergartens and everyday amenities can be reached within a short distance.
The surrounding area also offers numerous leisure and recreational opportunities. Green spaces, urban forest, sports facilities and further leisure amenities can be found nearby. At the same time, residents benefit from good access to local public transport with bus and tram connections.
Plauen itself impresses as the economic and cultural centre of the Vogtland region, with historic architecture, a diverse range of shopping facilities and good connections to the A72 motorway as well as regional rail services.
Morgenbergstraße was most recently modernised in terms of infrastructure, including road construction works and renewal of the road surface.
The town has around 64,000 inhabitants.
The city is very conveniently located in terms of transport links for both large and small businesses.
The A 72, located directly at the edge of the town, joins the A 9 Munich–Berlin motorway 30 km away.
The lace city, world-renowned for its 'Plauener Spitze', records a low
Unemployment rate (third-lowest in Saxony).
The city centre can be reached in a short time by public transport.
Everyday amenities (shops, nurseries, schools) are within walking distance of
reach.
08525 Plauen, 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.
