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- €3,000 / m² excluding the parking space - popular residential location - 4% target gross rental yield if the parking space is rented out immediately - parking space and balcony ____________________________________________
Tastefully renovated two-room apartment with a south-facing French balcony in Leipzig’s Südvorstadt. The apartment spans 59 m² and comprises two bright, attractive rooms, a kitchen, bathroom, hallway and balcony. With its west-facing aspect, the balcony offers a wonderful view of the sunset and over the city on warm summer evenings. The apartment was newly renovated in 2022. New laminate flooring was laid, the walls were plastered smooth, and the bathroom and kitchen were finished with modern tiles. A modern fitted kitchen was also installed and is included in the price. The apartment is easily accessible by elevator.
The building was constructed in 1998 and is heated by district heating.
The underground parking space is included in the purchase price. It is currently used privately and can be rented out again immediately or used by the buyer.
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Attention investors:
The apartment has been rented since 2022 and generates monthly net rent of EUR 590, resulting in an initial gross rental yield of approx. 3.7%. The monthly service charge totals EUR 337. This includes non-recoverable costs of EUR 59.06 and a contribution to the maintenance reserve of EUR 35.21.
We would be pleased to show you your new property in person.
Fittings and features, as described
- New laminate flooring in - renovated in 2022 - plastered walls - bathroom with modern tiles - newly tiled kitchen - underground parking space - elevator - view of the park-like Albrecht-Dürer-Platz - popular residential location - investment property
Location
Location details
Leipzig: The city of Leipzig is the most populous city in the Free State of Saxony and developed into an important trading center as early as the German eastward expansion. The city is a historic center of book printing and publishing. Leipzig is also home to one of the oldest universities as well as Germany’s oldest institutions of higher education for both commerce and music. Leipzig has a rich musical tradition, which is primarily attributable to the work of Johann Sebastian Bach and Felix Mendelssohn Bartholdy and is supported, among other things, by the importance of the Gewandhaus Orchestra and the Thomanerchor. In addition, Leipzig is known for its wealth of extensively renovated or reconstructed cultural monuments and urban canals, its species-rich zoo, the Leipzig New Lakeland created through the recultivation of former lignite open-cast mines, and the Bundesliga club RB Leipzig.
Leipzig’s transport infrastructure is very good due to its direct connections to the A14, A9 and A38 motorways. Another advantage is the nearby Leipzig/Halle Airport, which can be reached by every means of transport.
Südvorstadt: In Zentrum-Süd, you will find representative public buildings such as the Federal Administrative Court and the “Albertina” University Library, which is one of Germany’s oldest libraries. The southern center is further characterized by the universities of graphic arts and book design, and of music and theater. In the western part, the Musikviertel, many streets are named after famous composers. The popular Karl-Liebknecht-Straße (KarLi) is also directly connected to Zentrum-Süd. It is known for its many bars, cafés and pubs. It is one of Leipzig’s best-known streets, whether for a quick after-work beer or an extensive pub crawl. The city center is also within walking distance, and you have excellent access to public transport.
