Apartment house in city Magdeburg
2220.00 sq.m.

€ 95 000

Translated automatically. Show original description.


Proposed residential complex near Magdeburg

Forced sale!

Reduced price!

property Description:

the Proposed residential complex is located in a well maintained town just a half hour drive from Magdeburg - capital of Saxony-Anhalt.

the property is set on a large private plot with a total area of about 1 hectare that is already included in the price of the object.

School, kindergarten, branches of major German retail chains and other necessary infrastructure for life is within walking distance.

apartment complex consists of 5 apartment buildings and numerous auxiliary buildings.

Total is 29 apartments total living area more than 1.700 m2.

Main three-storey building consists of 3 blocks and includes:


  • 10 two-bedroom apartments

  • the
  • 8 two-bedroom apartments

the Property is protected by the state monument of architecture.

And as to the property include a 2 apartment buildings, including:


  • 10 two-bedroom apartments

  • the
  • 1 bedroom apartment

In 1996, a major overhaul of these two houses.

Central heating.

In the house there are spacious basement for technical needs and for storage of tenants.


According to the seller, at the moment the property is leased in part and in need of overhaul.

the Volume of repair depends on the requirements and creative ideas of the new owner and can be calculated with the help of specialists of our company in a short time.

We can also arrange repair works.

According to seller, the actual annual income from lease payments amounts to approximately 18,000 euros per year.

based On the average cost of renting in the region, repairs with proper management and full rental the property can fetch over 140,000 euros in annual revenue.

the Object is currently in the external competitive management and will be sold directly to the lender through court a new investor.

the Object requested by the lender to the residual value and 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.

the Distance to Berlin: 180 km (approx. 1,5 hours by car)

Distance to it. Leipzig airport: 100 km (approx. 1 hour by car)

the Distance to Dresden: 220 km (approx. 2 hours by car)

Distance to it. Hannover airport: 170 (approx. 1,5 hours by car)

area Description:

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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