Very Large Development Investment of 50 Apartments. ONLY SUITABLE FOR BUILDER/DEVELOPERS The town of Falkenau lies Between the major cities of Chemnitz with 250,000 inhabitants and the city of Freiberg. The nearest airport is in Leipzig which is serviced daily with budget flights from the UK. The property is situated in the centre of Falkenau and only a short walk from the mainline train station and sports centre. The complex is sitting on a very large plot of over 1 half acres (6322 m2). Briefly consisting of 5 Large detached apartment blocks with outhouses, play areas and gardens. Currently the properties are split as 50 apartments of which 13 are let providing a Net income of 14,800 Euros per annum for the areas let. In total the apartments are approx 2518 m2 ( 27,000 ft2)split as follows No 32 8 Apartments 450 m2 No 34 & 36 11 Apartments 547 m2 No 3 & 4 11 Apartments 543 m2 No 6 9 Apartments 457 m2 No 7 & 8 11 Apartments The apartments are in various conditions but overall will require refurbishment and renovation.Block 34/36 is in very Bad condition and will require FULL renovation. Outstanding opportunity to purchase the complete freehold already providing a rental income.If refurbished and rented this could provide a very good rental income.

Buyers fee TBA. I have a list of very cheap properties in Germany, these are generally taken from larger portfolios being broken up. I have had tenanted flats from 9000 euros. No mortgages in Germany under 60000 euros really.