5 % yield: multi-family house in Plauen with further rental potential!
08525 Plauen
At a glance
Property Description
For sale is an apartment building on Morgenbergstraße in Plauen. According to the energy performance certificate, the building was constructed in 1905. It is arranged over four floors, comprises seven apartments and offers a total living area of approximately 561.60 sqm.
The current monthly net cold rental income amounts to 1.928,77 €. The recoverable service charges 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 apartments are in an average, tidy condition. The living rooms are partly fitted with laminate flooring, and tiled floors are present in the bathrooms and kitchens. 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
You will find further listings at www.immobiliya.de
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
If a brokerage contract is concluded, consumers have the following right of withdrawal:
Right of withdrawal
You have the right to withdraw from this brokerage contract within fourteen days without giving any reason.
The withdrawal period will expire after fourteen days from the day of the conclusion of the contract.
To exercise the right of withdrawal, you must inform us (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.de) of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or an email). You may use the attached model withdrawal form, but it is not obligatory.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
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 you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
If you requested to begin the performance of services during the withdrawal period, you shall pay us an amount which is in proportion to what has been provided until you have communicated to us your withdrawal from this contract, in comparison with the full coverage of the contract.
End of cancellation policy
German original
Widerrufsbelehrung
Im Falle eines zustande kommenden Maklervertrages haben Verbraucher das folgende Widerrufsrecht:
Widerrufsrecht
Sie haben das Recht, binnen vierzehn Tagen ohne Angabe von Gründen den Maklervertrag zu widerrufen.
Die Widerrufsfrist beträgt vierzehn Tage ab dem Tag des Vertragsabschlusses.
Um Ihr Widerrufsrecht auszuüben, müssen Sie uns (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.de) mittels einer eindeutigen Erklärung (z. B. ein mit der Post versandter Brief oder eine E-Mail) über Ihren Entschluss, diesen Vertrag zu widerrufen, informieren. Sie können dafür das beigefügte Muster-Widerrufsformular verwenden, das jedoch nicht vorgeschrieben ist.
Zur Wahrung der Widerrufsfrist reicht es aus, dass Sie die Mitteilung über die Ausübung des Widerrufsrechts vor Ablauf der Widerrufsfrist absenden.
Folgen des Widerrufs
Wenn Sie diesen Vertrag widerrufen, haben wir Ihnen alle Zahlungen, die wir von Ihnen erhalten haben, einschließlich der Lieferkosten (mit Ausnahme der zusätzlichen Kosten, die sich daraus ergeben, dass Sie eine andere Art der Lieferung als die von uns angebotene, günstigste Standardlieferung gewählt haben), unverzüglich und spätestens binnen vierzehn Tagen ab dem Tag zurückzuzahlen, an dem die Mitteilung über Ihren Widerruf dieses Vertrags bei uns eingegangen ist. Für diese Rückzahlung verwenden wir dasselbe Zahlungsmittel, das Sie bei der ursprünglichen Transaktion eingesetzt haben, es sei denn, mit Ihnen wurde ausdrücklich etwas anderes vereinbart; in keinem Fall werden Ihnen wegen dieser Rückzahlung Entgelte berechnet.
Haben Sie verlangt, dass die Dienstleistungen während der Widerrufsfrist beginnen soll, so haben Sie uns einen angemessenen Betrag zu zahlen, der dem Anteil der bis zu dem Zeitpunkt, zu dem Sie uns von der Ausübung des Widerrufsrechts hinsichtlich dieses Vertrags unterrichten, bereits erbrachten Dienstleistungen im Vergleich zum Gesamtumfang der im Vertrag vorgesehenen Dienstleistungen entspricht.
Ende der Widerrufsbelehrung
