Apartment house in city Burg
1375.00 sq.m.

€ 291 000

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Proposed apartment building in the centre of Germany, near Magdeburg

Forced sale! 

property Description:

a three-story apartment building is located in Tokheim, the Federal state of Saxony-Anhalt.

This charming town is situated near the capital of the land Saxony-Anhalt - Magdeburg.

the House is located on own a big plot area approx. 3.500 m2, which is also on sale and is already included in the stated price.

In the vicinity there are public transport stops, school, kindergarten, several major German retail chains, branches banks, post office, pharmacy and other necessary infrastructure for life.

the three-storey house massive living area approx. 1.060 m2 has 18 apartments  (14 - bedroom, 2 - bedroom, 2 - bedroom apartment).

Central heating. Flooring - laminate, linoleum, tile.

In the Windows - plastic double-glazed Windows with double glazed glass.

Available services of water, Sewerage, electricity, Internet and telephone.

Each apartment belongs own basement.

the basement contains spacious storage space for bikes and prams and technical premises.

On site there is ample space for Parking of the owner or tenants.

adjacent to the house territory there is a large Playground for children.

According to available information, the proposed apartment building almost all apartments occupied by long term tenants, which brings 58.954 Euro annual income.

On the basis of the average cost of renting in the area, with good governance full lease, this property can bring more than 82.000 euros of annual income.

the New owner can dispose of property at its sole discretion - to live in it, manage the property, lease it or find a responsible Trustee.

currently, the property is situated in the external competitive management and will be sold to a new investor directly by the Bank through the courts.

It's offered by the Bank on the residual value will be transferred to the new owner absolutely without any debts.

According to specialists of our company, during a court auction price may be further reduced by 10-15%, which further increases the investment attractiveness of the object.

Our company is ready to render all necessary services on negotiations with the court and with the seller-owner, competent legal registration and after sales management of the property.

including on registration of a possible residence permit.

Distance to Brandenburg:, 37 km (approx. 20 min by car)

Distance to Magdeburg: 65 km (approx 40 minutes by car)

Distance to Berlin: 180 km (approx. 1 hour and 45 minutes by car)


Magdeburg - the capital of the most rapidly developing Federal state of Saxony-Anhalt with a highly developed industry and agriculture.

In industry and craft employed 42,4% of the economically active population in agriculture and forestry 19,0%.

an Important junction of roads and Railways, river port on the river Elbe, near the intersection with her mittellandkanal canal and the Elbe - Havel-Kanal.

One of the largest industrial and trade hubs of the country. A major center of heavy mechanical engineering (Magdeburg plant of heavy engineering behalf of Ernst Thaelmann, plants behalf of K. Liebknecht, name, Dimitrov and others).

In Magdeburg presents General engineering, manufacture of equipment for chemical, light industry, food industry, agricultural machinery, instrument engineering, river shipbuilding (in the suburbs Retense). There are chemical, food (sugar, meat) industry.

in Addition Magdeburg is an important cultural center, there are medical Academy, higher school of heavy mechanical engineering, special school of applied art, water conservancy.

the City is located at the intersection of two motorways A2 (Berlin-Dusseldorf) and A14 (Czech Republic - Baltic sea).

the Distance to Berlin is 160 km to the international airport of Hanover - 150 km.

Seller information

Seller type Agency
Company Stimul Consulting

Location of the property on the map

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