Tax-advantaged investment property with heritage depreciation allowance: Fully let multi-family house in Grimma’s Old Town

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Selling Price & Extra Costs

About this dream investment property

Property Description

For sale is a prestigious, listed multi-family house built in 1890, located in the heart of Grimma’s historic Old Town, near the economically strong Leipzig metropolitan region.

The property combines historic architecture with a comprehensively modernized condition and represents a sustainable investment with stable rental income.

Following its acquisition in 1995, the building underwent extensive gut renovation through 1999. The renovation extended down to the masonry, including a horizontal damp-proof course installed using the sawing method. Further maintenance measures were carried out in 2002 and 2013.

The ensemble consists of a front and rear building, as well as a side wing newly constructed during the renovation, with a staircase and double garage. The property forms a self-contained, rare residential ensemble offering a high degree of privacy.

A total of 10 residential units with an overall living area of approx. 517.50 m² are distributed across a plot of approx. 570 m². The apartments are fully let and generate annual net cold rent of €48,670.80, corresponding to an attractive yield of 6.71%.

Of particular note is the charming, landscaped courtyard with historic cobblestones, as well as parking spaces in the rear courtyard—an uncommon feature in this central location.

Thanks to its listed status as a cultural monument and individual monument, investors also benefit from attractive tax depreciation opportunities (heritage depreciation allowance). There are also no entries relating to contaminated sites or building encumbrances.

" fresh, committed, solid "

Künne Immobilien Gruppe is a professional service provider in the real estate industry and is available to assist you with project development, sales, lettings, property management and facility management.

For further information and insights, visit our website: www.kuenne-gruppe.de Would you like to sell your property? Whether a multi-family or single-family house, condominium, plot of land, or new-build or developer project. We broker your property competently, transparently and quickly throughout Germany.

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