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Magdeburg, Germany


Type
Apartment

Status
Sold

BEDROOMS
1

Size
45sq. m
Description

This new Development of No.28 Designer 1 & 2 Bed Apartments which are part a new Residential Development at Encke Carre in Magdeburg offer a full Investment Package which has been put together for Irish Investors. Encke Carre was formerly a Military Barracks and is in a Central Location in the West Quarter of the city of Magdeburg. This site is now being renovated into a brand new residential complex & when completed will be the Largest residential Geo-Thermal Development in Europe which will mean heating for the residents of the Development will be sourced on-site. Close to all Transportation links and with all amenities at hand this location will be very attractive to tenants & as a result rental demand is expected to be very high. The Units are being sold as Investment Packages of 4 Apartments. The Investor pays 20,000 Euro to cover Taxes and Land Registry Costs. The purchase price of the package is 100% financed. This mean the investor pays only 5,000 Euro per apartment, an incredible deal!! Prices Start From Only €47,600.

Accommodation

Hallway
Kitchen
Living room
Bathroom
Bedroom 1
Bedroom 2 (optional)

Features

6% Yield Monthly Profit of 180 – 200 Euros per month after all costs
Letting and Management Included
100% Mortgages Available
Investor Pays 5,000 per apt to Cover Taxes & Notary Cost
Central Location

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