The property
A two-room flat of 44.9 m² on the third floor of a block built in 1989. It is sold furnished and with a sitting tenant. The lease is recent. The net cold rent is €270 a month, and the tenant pays a further €113 for heating and service charges, so €383 a month in total. On the seller's figures, this gives a gross yield of about 8% on the cold rent.
The layout is simple. A living room and a bedroom sit off a tiled hall, and the kitchen is a separate room with a fitted kitchen already installed. The bathroom has a bath. It is an internal room without a window. The two main rooms have laminate floors. A balcony belongs to the flat.
The block was divided into individual flats in the mid-1990s. Since then the owners' association has spent money on the shared parts of the building at regular intervals. The windows have been replaced, the facade and entrances redone and the heating system renewed. The outdoor parking spaces were also added in that time. Heating is gas central heating. No energy class has been provided.
The sale includes the flat's own outdoor parking space and a cellar storage room. Because the tenant stays, the flat cannot be used by a new owner straight away. It is an income property and should be judged as one.
- Let, net cold rent €270 a month
- About 8% gross yield on cold rent
- Sold fully furnished
- Balcony and separate fitted kitchen
- Own outdoor parking space
- Cellar storage room
- Windows, facade and heating renewed
Key facts
| Type | Apartment |
|---|
| Town | Hohenstein-Ernstthal |
|---|
| Federal state | Saxony |
|---|
| Postcode | 09337 |
|---|
| Living area | 44.9 m² |
|---|
| Rooms | 2 |
|---|
| Floor | 3rd floor |
|---|
| Year of construction | 1989 |
|---|
| Status | already let |
|---|
| Features | balcony or terrace, parking space |
|---|
| Energy demand | 107 kWh/(m²·a) |
|---|
| Energy source | gas |
|---|
| Reference | 6614c |
|---|
The location
The flat is in Wüstenbrand, a district of Hohenstein-Ernstthal in the Zwickau district of Saxony. It lies east of the town centre, on the side facing Chemnitz, Saxony's third-largest city. Hohenstein-Ernstthal is a small town. Outside Germany it is best known for the Sachsenring motor racing circuit.
The area is quiet, with woods and fields close by. According to the seller, shops, schools, nurseries and doctors are all within easy reach, and public transport is within walking distance. The A4 motorway is about 15 minutes away by car and links the area with Chemnitz, Dresden and Leipzig.
Who it suits. This flat suits an investor who wants a small, already let flat in Saxony, with a clear monthly rent and a building whose owners have kept up the shared parts.
Information on your right of withdrawal
Cancellation policy
If a brokerage contract is concluded, consumers have the following right of withdrawal:
Right of withdrawal
You have the right to withdraw from this brokerage contract within fourteen days without giving any reason.
The withdrawal period will expire after fourteen days from the day of the conclusion of the contract.
To exercise the right of withdrawal, you must inform us (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or an email). You may use the attached model withdrawal form, but it is not obligatory.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than fourteen days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
If you requested to begin the performance of services during the withdrawal period, you shall pay us an amount which is in proportion to what has been provided until you have communicated to us your withdrawal from this contract, in comparison with the full coverage of the contract.
End of cancellation policy
German original
Widerrufsbelehrung
Im Falle eines zustande kommenden Maklervertrages haben Verbraucher das folgende Widerrufsrecht:
Widerrufsrecht
Sie haben das Recht, binnen vierzehn Tagen ohne Angabe von Gründen den Maklervertrag zu widerrufen.
Die Widerrufsfrist beträgt vierzehn Tage ab dem Tag des Vertragsabschlusses.
Um Ihr Widerrufsrecht auszuüben, müssen Sie uns (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) mittels einer eindeutigen Erklärung (z. B. ein mit der Post versandter Brief oder eine E-Mail) über Ihren Entschluss, diesen Vertrag zu widerrufen, informieren. Sie können dafür das beigefügte Muster-Widerrufsformular verwenden, das jedoch nicht vorgeschrieben ist.
Zur Wahrung der Widerrufsfrist reicht es aus, dass Sie die Mitteilung über die Ausübung des Widerrufsrechts vor Ablauf der Widerrufsfrist absenden.
Folgen des Widerrufs
Wenn Sie diesen Vertrag widerrufen, haben wir Ihnen alle Zahlungen, die wir von Ihnen erhalten haben, einschließlich der Lieferkosten (mit Ausnahme der zusätzlichen Kosten, die sich daraus ergeben, dass Sie eine andere Art der Lieferung als die von uns angebotene, günstigste Standardlieferung gewählt haben), unverzüglich und spätestens binnen vierzehn Tagen ab dem Tag zurückzuzahlen, an dem die Mitteilung über Ihren Widerruf dieses Vertrags bei uns eingegangen ist. Für diese Rückzahlung verwenden wir dasselbe Zahlungsmittel, das Sie bei der ursprünglichen Transaktion eingesetzt haben, es sei denn, mit Ihnen wurde ausdrücklich etwas anderes vereinbart; in keinem Fall werden Ihnen wegen dieser Rückzahlung Entgelte berechnet.
Haben Sie verlangt, dass die Dienstleistungen während der Widerrufsfrist beginnen soll, so haben Sie uns einen angemessenen Betrag zu zahlen, der dem Anteil der bis zu dem Zeitpunkt, zu dem Sie uns von der Ausübung des Widerrufsrechts hinsichtlich dieses Vertrags unterrichten, bereits erbrachten Dienstleistungen im Vergleich zum Gesamtumfang der im Vertrag vorgesehenen Dienstleistungen entspricht.
Ende der Widerrufsbelehrung
