“Biscuit-Tin-Perfect” Investment Opportunity
Sale Price: €48,000 | £* | $* Request Bitcoin price
Location: 02894 Reichenbach O.L., Görlitzer Straße 26
Key Features
Investment Opportunity adjacent to 12th Century, historically important Ancient Church
Modernized in the mid 1990’s with gas central heating and insulated double-glazed windows installed in the early 2000’s
Local amenities are just footsteps away and access to the big city of Görlitz is only a 20-minute drive away. Easy access to the A4 motorway brings you to Dresden and the Airport in about 1 hour
The property has been let to a family since 2017 for Net €499 per month and is fully managed by an experienced Dresden-based management company
Full Description
02894 Reichenbach O.L., Görlitzer Straße 26
Directly neighbouring and behind the ancient church wall surrounding the historically-important 12th-century St. Johannis evangelical church, our featured property presents a value-rich opportunity for an investor looking for a solid return with growth potential while at the same time offering a chance to own a unique piece of history. This two-story residence has had many modernizations done since German reunification and is currently let as a single-family residence. The loft space is undeveloped but could be converted with appropriate planning permissions.
The property was partially modernized in the mid 1990’s; the bathrooms, electrical and sanitary systems were updated as well a connection established to the city wastewater system. A gas-fired central heating system was installed in the early 2000’s as well many of the wooden windows were replaced with insulated double-glazed units.
The large city of Görlitz is only a 20-minute drive away while the easy-to-access major motorway A4 brings travellers to the culturally-significant Sachsen capital of Dresden and its International Airport in about an hour. All basic daily needs are covered just footsteps away from the doorstep, the main town square is approximately 300 meters away.
This character-filled property has been let to a family since 2017, net rental is 499,00 Euros per month. The property is presently professionally managed by a Dresden-based management company. German Rental regulations are significantly different than those found in the United States or United Kingdom, please contact us for all the details and get the facts first as opposed to surprises later!
The ownership of property in Germany is open to all nationalities. Although all of our transactions are in Euros as a requirement of domestic finance regulations, through our many years of experience and in working with professional international currency-exchange service providers we are able to offer Customers safe and transparent payment methods from practically any currency around the world, including Bitcoin!
GermanHouses.de are pleased to bring you a variety of investment opportunities that will appeal to a variety of investment goals. GermanHouses.de are more than just a Seller of German property: through our many years of experience and physical presence in Germany we can offer Customers qualified services before and after the sale. We take pride in full disclosure and we look forward to hearing from you with your questions.
Quick Facts
Approx. Year Built | 1900
Category (Zoning) | Residential
Square Meter (Dwelling) | 156 m²
Square Meter (Land) | 374 m²
Number of Rooms | 5
Number of bathrooms | 2
Cellar | Partial
Garage | No
Fast-Internet | Yes
State | Saxony
Closest Intl. Airport | Dresden
Public Transport | 50 m
Closest Shopping | 200 m
Reference | Reichenbach-22
Local Area Statistics
Average Purchase Price
€1,001/m²
YOY Increase to Q2, 2019
+1%
Source
Immoscout24.de
Average Rental Price (“Cold” Rent/Month)
€4.72m²
YOY Increase to Q1, 2019
+2%
Source
Immoscout24.de
Parcel Plans
Map
*Based on exchange rates provided by Smart Currency, last updated on
To beat the banks when transferring money overseas, visit our Currency Zone.
