The property
This is an apartment building with seven residential units in the town centre of Altenburg. The living area totals 450 m², spread over 20 rooms. The plot measures about 500 m².
The building is empty and in need of thorough renovation. No tenants come with the sale, so the new owner can plan the works without having to work around existing tenancies. A buyer should budget for a full refurbishment before any flat can be let again. No energy certificate figures are available.
Once all seven units are renovated and let, the projected net cold rent is around €30,000 a year. That figure is a target, not current income. The building earns nothing at present.
Behind the house there is a courtyard. It could be laid out as parking spaces for the residents, which would make the flats easier to let.
- Seven flats, 450 m² in total
- 20 rooms on a 500 m² plot
- Town-centre location in Altenburg
- Vacant, no existing tenancies
- Target rent about €30,000 a year
- Space for parking in the courtyard
- Full renovation required
Key facts
| Type | House |
|---|
| Town | Altenburg |
|---|
| Federal state | Thuringia |
|---|
| Postcode | 04600 |
|---|
| Living area | 450 m² |
|---|
| Plot | 500 m² |
|---|
| Rooms | 20 |
|---|
| Status | vacant |
|---|
| Reference | 5074v |
|---|
The location
Altenburg is the district town of the Altenburger Land in eastern Thuringia, about 39 km south of Leipzig, roughly in the middle of the triangle formed by Leipzig, Chemnitz and Gera. It is a former royal residence town, more than 1,000 years old, with a population of a little over 30,000. Germans know it as the home of Skat, the national card game, and playing cards are still made here. The old castle stands on a rock above the town, and there are several parks and a large pond, the Großer Teich.
The B180 federal road runs through the town, and the A4 motorway is about 20 km to the south. Direct buses run daily to Leipzig. From the property, shops for daily needs and a local bus stop can be reached on foot.
Who it suits. This suits an investor with renovation experience and the capital for a complete refurbishment, who wants to set the standard and rents of seven flats from scratch in a town centre 39 km from Leipzig.
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
