Apartment house in city Halle (Saale)
1601.00 sq.m., 60 bedrooms

€ 4 865 000

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The description of the object:
Carefree investment – Apartment-house consists of 56 apartments and 4 commercial premises.
At the moment the Object modernizarea (as you can see from the pictures, a large part already completed) all the flooring and tile in the bathrooms updated. The rest of the technical equipment, Windows, facades and roof were renovated in the late 90-ies and meet modern requirements.
When buying on the phase of rehabilitation, we are committed to complete the modernization, equipped with furniture and rent it. We believe the amount of rent 300-360€ per apartment. The price is calculated with respect to the direct rental income and is located in the area
4 -4,8 million Euro.
There is also the possibility to buy the object at the stage of reorganization and to complete it on their own with a substantial discount. Investments that will be required to complete construction will be about 500.000,00€. We will provide a discount from the current prices in the amount of 1.000.000,00€.

The location of the object:
The property is situated in the Central part of the city, not far from the University Martin Luther in Halle. The University is one of the most prestigious in Germany and is among the top 40 universities in the country. Within walking distance, railway station, tram stop and grocery shops. The city center is 2 kilometers from the facility.

The developed infrastructure of the area.
Finish of the object:
Upgraded apartments are equipped with high quality fittings and furnished. In apartments and stairwell and laminate floors.

Location of the property on the map

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