Apartment house in city Leipzig
3304.00 sq.m.

€ 4 500 000

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Representable sale 5-storey with 2-storey underground garage, consisting of residential and office space. The facility is located in the vibrant and densely populated area in the North-East of Leipzig, with a developed infrastructure. In the immediate vicinity of numerous stops of city transport. The historic city centre, just 10 autominute.
The building meets all requirements of modern commercial and residential construction. For this reason, it arendatoram are Bank, shop, restaurant, medical practice, hairdresser, beauty salon and other services.

Year built: 1995
Land area: 2 558 m2
Parking spaces in a 2-storey underground garage: 84

Total area: 304 m2 3 approx.
- Commercial premises on the ground floor: approx. 1 078 m2
- 16 office and retail space on the second and third floors, with an area of 40 - 300 m2 each.
- 11 residential condos on the fourth and fifth floors, with an area of 50 - 120 m2 each.

Leased approx. 55% of the premises.

Annual rent currently is approx. 194 075 euros (approx. return of 23.2) and has the potential to increase to 357 271 Euro (payback period approx. 12,6) through the lease of vacant space.

Services broker amount of 3.57% of project cost.

Location of the property on the map

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