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3 residential units are fully rented; the small commercial unit has been vacant following renovation. The current net cold rent for the 3 apartments is EUR 17,377.00 p.a.; the achievable rental income including the commercial unit is approx. EUR 20,377.00 p.a.
The non-listed, natural-stone-built and rendered house is partially basemented. The corner building with Art Nouveau elements has a sunny garden. The entire building was comprehensively renovated over the past 10 years (electrical systems, water, bathrooms, flooring, interior plaster on all walls, new doors). The façade and roof covering were renewed. Since 2003, the house has been equipped with a Bosch condensing boiler central heating system fired by natural gas. The flat roof / pitched roof is covered with slate and bitumen. During the renovation, the upper apartment was additionally insulated on the roof side.
The house has an intercom system and a key-locking system for all exterior doors. All apartments have plastic insulating-glass windows. The main entrance to the house is on Lutherstraße; the rear exit/entrance leads to the sunny garden. The commercial unit has a step-free entrance from the street and a separate entrance from the staircase on the ground floor. A wood-burning stove is currently operated in one apartment; fireplaces can also be connected in the other two apartments. The house has a heating basement room and one basement storage room for each tenant. The attic is currently used communally as a laundry-drying room, but can be converted, as the utility connections are already in place.
Fittings and features, as described
The house contains two 5-room apartments of 95 square metres each, each with a bathroom with a bathtub and a separate shower room, as well as a spacious kitchen with fitted kitchens (e.g. ALNO), including appliances, plus a 4-room apartment of 96 square metres, also with a bathroom with a bathtub and a separate shower room. All bathrooms with bathtubs are equipped with corner bathtubs and bathroom furniture (e.g. V&B). The commercial unit was completely renovated in 2023, including new plastic windows, and has a total area of 53 square metres including the separate WC. The bathrooms with bathtubs in all apartments were newly built and the shower rooms renovated. The apartments are fitted with tiled, vinyl and laminate flooring.
Location
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Location details
Reichenbach is a major district town in Saxony with approximately 20,000 inhabitants. Greiz, the pearl of the Vogtland, is located approximately 8 m away in Thuringia. The larger city of Zwickau is 25 km away, the state capital is Dresden – approximately 134 km away, Plauen 25 km and Gera 45 km away. Reichenbach has connections to the A 72, B 94 and B 173, and a train station, “Oberer Bahnhof Reichenbach”, which can be reached by bus in 20 minutes. Hof/Plauen Airport is approximately 18 km away, Halle/Leipzig Airport approximately 140 km away and Dresden Airport approximately 135 km away. Several schools, the grammar school and boarding school, as well as kindergartens, can be reached on foot within 6 to 30 minutes. Several shops for everyday necessities, pharmacies and doctors, petrol stations, electric charging stations and a DIY store are located directly in Reichenbach. A swimming pool is in the immediate vicinity. The district hospital is located in Greiz (approximately 8 km away).
