Description
More details and photos on request. The property has to be fully renovated within 1.5 Years, this is a prerequisite of the purchase, hence the spectacularly low price, no further price reductions required.
In town
12 apartments
One owners apartment
One large loft suitable for apartment space
One large office with WC, Annexe with former shoe makers, suitable for conversion to house
The property benefits from having an owners apartment on the ground floor with modern bathroom and seperate WC, very little work is required to make this apartment liveable.
Large property with brilliant potential for rentals - Around 75-80% of Germans rent.
The property is down to shell on the inside and requires work, but the roof has been renewed at significant cost, as well as other work to bring the property to shell stage ready for customisation and decoration. Much of the plumbing has been renewed also.
Reichenbach has a population of around 23,000. The town's territory also includes the districts of Brunn, Friesen, Rotschau and Schneidenbach. The area of the city, which covers around 15 km², is between 330 and 471 m above sea leve
The Vogtland region – and Reichenbach itself – are easily reached by car via the well developed network of motorways and federal highways. Our town has a motorway link to the A 72 close to the town centre, and is situated on federal highways 94 and 173.
You can also reach the second largest town in the Vogtland region by rail, of course. Many Deutsche Bahn trains stop regularly in Reichenbach at one of the most modern local/regional public transport interchanges in Germany. In addition, the Vogtland Railway stops at Reichenbach station once an hour.
The Vogtland can also be reached by air – Dresden, Leipzig/Halle and Hof/Plauen airports are all within easy reach.
Excellent opportunity, property must be finished in 2 years, this reflects the attractive purchase price.