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Fully rented apartment blocks (55 units)

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About this lot

• Two fully rented apartment complexes, located at Otto-Dix-Straße 41 and 42 in DE04600 Altenburg, Germany. • Built in 1975 and situated in the residential area of Altenburg-Nord. These complexes offer a stable and attractive investment opportunity. • The total plot size is approx. 2,686 m2 and the total living area is approx. 2,237 m2. The property was last completely renovated around 1995. In 2023, the water pipes were renovated. • The apartments are available in several variants: The smallest apartments are approx. 28 m2 and larger apartments are between 80 and 134 m2. • The complexes consist of a total of 55 apartments, spread over 2 buildings with 6 floors each. All apartments are currently rented, which ensures a stable income stream. The current rental price is 139,100 EUR/year. • The complexes have district heating as an energy source and an energy value of 196 kWh/(m2a) Residential building: consumption-oriented, class F • The apartments have long-term leases, with the LRA (contact us for more information) successively taking over the vacant apartments. This results in an almost permanent full occupancy. • In 2023, the pipes were renovated, which significantly improved the energy efficiency of the buildings and led to a higher energy class. Each apartment is equipped with separate heating meters, so that the heating costs can be charged per individual consumption. In addition, the façade and windows have been extensively renovated. • The buildings also have an existing maintenance contract with a local firm, which allows maintenance and management to be fully outsourced. This provides additional convenience and security for the owner. • These complexes offer a solid investment with an attractive return and an almost constant full occupancy. • For the full text, open the file under documents!
Auction:
Fully rented apartment blocks - Altenburg-Nord - Germany
Lot number:
A1-22617-1
Location:
Altenburg-Nord, DE

Lot specifications

Quantity
1
Margin
Yes
City
04600 Altenburg-Nord
Address
Otto Dix Straße 41/42

Documents

Attention please!
• This is an auction by auction only. There will be no turn-off; • During the auction, we may contact active bidders by telephone or in writing to check bids. We do this to protect bidders and the bidding process. It is therefore important that you, as a bidder, can be reached during the auction. • After the client has been awarded, a deposit note of 15% of the purchase price must be paid within 48 hours, + auction costs must be paid; • After receipt of the deposit, the purchase agreement is drawn up and signed at a notary in Germany; • The purchase contract must be signed within 2 months of receipt; • Payment of the other costs must be made after signing the purchase agreement; • Please note: a bid placed is unconditional and irrevocable; • 21% VAT will be charged on the auction costs; • This sale comes with an 'as is, where is' clause and in (partially) rented condition. • It is possible that after the auction closes, an e-mail will be sent with the message that the lot has not been allocated. Unfortunately, this is a bug in our system, which we are working on. The message should be considered as not sent. • The terms and conditions of use and the legal relationships that arise in connection with the auction are governed by Dutch law; • Troostwijk Auctions Real Estate • Overschiestraat 59 • 1062 XD Amsterdam • realestate@troostwijkauctions.com • Tel. +31(0)33 - 808 02 62

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