Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential
Sale price: £18,250.00 make an offer
Last update: 18.03.2015
Sale type: Fixed price listing
Specifications, photos and description:
|Sort By:||For Sale|
|Plot Area (m²):||440|
Do you like this property?
Three Stroy Terraced House, Arranged As 3 Flats, Germany, Great Rental Potential for sale
Here we have for sale a stunning Terraced House arranged as three Flats with potential to increase property value & excellent rental income potential.
The house is built from brick & mortar structure & tiled roof. it is of German solid built quality.
The house is located in the city of Zittau & within minutes drive to the Polish & Czech Borders.
DIY Shops. schools. shopping centres & train stations are all nearby. cheaper goods and DIY material can be bought From Zgorzelec. Poland. Tesco. Poland is only 15 km away from the property.
The house is offered on a clear Freehold basis.
Zittau. nearby towns & villages have an excellent range of shopping and leisure facilities. including a variety of restaurants. nbsp;factories. art venues. park amenities & train stations taking you into various parts of central Europe & Germany. a new motorway is almost complete linking to the A4. E40 making the trip time by car from the UK about 10 hours from Dover.
Please you use Google Maps to find various information about the location. the house:
House Number: 19
Street Name: Goldbach Strabe
Zittau. 02763. /span>
The house is currently divided into 3 flats. nbsp;five rooms plus one bathroom in each floor.
Each flat have 5 rooms & separate bathroom. each flat requires full refurbishment including plastering. rewiring. heating. new kitchen and bathroom and full decoration. all structural walls and foundation are in good condition. no structural faults.
The loft area extend to the full size of the roof with large panels of timber covering the ceilings & the floor. Again this area could be converted to provide extra space.
The site area is 440 m2. I estimate the built area to 180 m2. so you have about 260 m2 of rear private garden.
The main entrance of the building is situated at the front of the property.
The house benefits from a good roof. nbsp;solid outside walls and foundation. nbsp;no leaks are present. all outside windows are sealed with no leaks or damage. however full updating and decoration is needed inside and outside.
The house is located in an area bordering three countries. and value of properties has increased in the last several months as many international buyers are coming from across the border (Poland & Czech Republic) as prices are considerably lower in this part of Germany.
The rental is also strong and I estimate each flat would fetch a minimum of £3000 to 5000 per annum once refurbishment is complete. so you are looking at a potential rental income of £12000 to £15000 per annum for the 3 flats & I believe they will go fast as there is a reasonable demand for refurbished rented properties in the area.
A Notary in Germany. the equivalent of a Solicitor firm (in the UK). nbsp; would oversee & secure the transfer of clear Freehold ownership of the house. nbsp;after conducting the required searches. a contract would be provided in German & English.
If you win this property then a 10% deposit is required via PayPal or bank transfer within 24 hours of end of auction or listing otherwise the property would be offered to the next highest bidder.
Completion of purchase takes between 4 to 8 weeks.
If you have any questions. please ask. thank you.
Also published at eBay.co.uk