Details about GERMANY INVESTMENT PROPERTY: BETTER THAN FRANCE, BULGARIA & SPAIN - HIGH YIELD!GERMANY INVESTMENT PROPERTY: BETTER THAN FRANCE, BULGARIA & SPAIN - HIGH YIELD! See original listing
22 Jun, 2014 21:12:06 BST
[ 20 bids ]
England, United Kingdom
Gutenbergstrasse, 08209 Auerbach
£9,500 Reserve Price
.* Please read Terms and Conditions section below before bidding.
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2014. All rights reserved.
Reason for sale
About the property
is a freehold building containing three
two-bedroom flats split across three separate floors.
In addition, the
property has an attic which is very spacious and has five separate rooms
contained within it that could potentially be converted into a beautiful two
bedroom, open-plan apartment. The cellar/basement entrance is situated on the ground floor (the basement is not below ground).
Both the cellar and attic have potential for conversion into additional flats. This means the property has potential for 5 flats altogether.
The property is located in a quiet residential street, south of Auerbach’s main high street. It is only a short walk away from the town square and all other amenities.
which surround the property are all residential; some used as single family
homes while others as flats.
property is in need of refurbishment.
The house is between 5 to 10 minutes walk away from a pharmacy, Edeka (the largest German supermarket chain with over 4,000 stores), a local high school (on Bertolt-Brecht-Strasse), a separate special needs school (on Kaiserstrasse) as well as a bakery, a doctors surgery and Lidl (on Goeltzschtalstrasse) situated approx. 800m away from the property.
Total plot size is 260 square metres – This consists of the plot on which the property stands as well as garden at the rear of the house.
Total internal area is 175
square metres – As it stands this
consists of 3 residential units spread over 3 floors. The first and second
floor apartments are 60 square metres each, while the third-floor apartment is
55 square metres.
Above - left to right: Boundary plan showing plot size, floor plans showing internal layout of flats
The house is in need of refurbishment throughout requiring new energy-efficient UPVC windows, basic plumbing, electrical work, joinery and plasterwork. New toilet suites are needed. It is customary for German tenants to fit and fund their own kitchen. A makeover for the garden and external paint would add to the property's aesthetic appeal.
Some rooms throughout the house are nicely plastered with just cosmetic changes needed (e.g. paint, furniture clear-out).
Roof tiles in adequate condition (it is not known if any roof tiles are missing). Some signs of moisture damage in the house. External down pipe and guttering need
attention as missing bracket has led to external water
dampness and stains in a few spots. Snow-guards on the roof need fixing. There is internally some ceiling damage and one floor with damage caused by an exploding kitchen oven. Garden
requires a makeover and a tree at the front entrance of the property needs to
be removed to stop it obstructing entry into the house. Dry cellar with cement flooring. Doors in satisfactory condition. Good solid
structure and sturdy walls. The first floor flat is in satisfactory condition and has one room with a partially damaged ceiling. The second floor flat (middle) has previously had an oven explode and so some rooms are darkened. On the third floor, the kitchen has slight moisture and ceiling damage.
A TOUR OF THE HOUSE:
Above: Location of house shown on beautiful quiet residential street.
Above: Door to cellar, front door, back door, and dry cellar
Above: First flat, bathroom, kitchen, rooms showing lovely plastered ceilings and walls
Above: Plaster ceiling damage between first/second floor, hallway window, second floor flat living room and kitchen
Above: Third floor flat - plastered rooms and ceilings all fine
Above: Room in third floor flat, kitchen, shower room, stairs to attic, view from attic out on to neighbouring house
Above: Beautiful attic with scope for conversion into a flat - view out on to roof
Above: View of garden, neighbouring flats (indicating demand in this area for vacant flats!), rear of the property
A TOUR OF THE SURROUNDING AREA:
Above: A mix of residential properties, school, Baumarkt and Edeka behind it, nursery, Lidl, bakery
Why invest in Germany?
By investing in Germany you are investing in the powerhouse of Europe.
Germany is the largest national economy in Europe and the world's third largest exporter (after China and the US) – producing a fifth of the European Union’s output and a quarter of its exports. Despite the turbulence of the global economic recession, the German economy grew every year since the 2008 crash and is on a strong growth path for 2014.
Home to some of the world's leading companies like Audi, Volkswagen, Allianz, E-ON, Siemens, Adidas, Hugo Boss, Mercedes Benz, DHL, Keuhne & Nagel and Nivea to name a few – the German economy is one of the most robust and technologically advanced in the world. The country has traditionally been very strong in a few key areas including: machinery, chemicals, logistics and cars – but it also fast becoming a digital hub in the Euro zone and leading the way in investing in clean renewable energy. By 2050, approximately 80% of electricity is set to come from renewable sources compared to 20% now.
in Germany are changing. In 2012 alone, one
million people moved to Germany with the majority of arrivals from within
the European Union. The German
unemployment rate is one of the lowest in Europe at 7%
(April 2014). This fact alone is something most countries would envy and an
indicator of the strong and steady pace of economic growth in Germany.
The German education system allows young people to learn practical skills through apprenticeships. Vocational training – together with the vitality of small and medium-sized enterprises (SMEs) called the “Mittelstand” – are a key plank of Germany’s economic success story. The country has grown steadily and, unlike Britain, managed to avoid a surge of lay-offs after the 2008 financial crisis. The country has the best participation rate of women in the labour force with 72% holding down a job. New legislative changes mean all German children will have the right to day-care places from the age of one meaning the labour market is set to improve and become even more competitive.Germany is the most promising place to invest your money in Europe. Excellent growth, low unemployment and job stability mean that as a homeowner you can expect a stable and steady rental income, and a profitable capital gain.
Why invest in Auerbach?
Auerbach, known as the 'City with Three Towers', is a scenic town with over 20,000 inhabitants situated in the east Vogtland region in the state of Saxony, the sixth most populous of Germany's sixteen states with a population of 4.3 million.
The town is surrounded by Germany's second largest forest area and is intersected by the river Goltzsch (40km long). Nestled in hills and surrounded by tall mountains, the town's sky line is dominated by three towers. One of these towers belongs to the Auerbach Castle, which was originally built by King Charlemagne, Emperor of the Roman Empire, and later rebuilt in the 13th century. The other two towers belong to two of the churches in the city: “Zum Heiligen Kreuz” and “St. Laurentius”.
Auerbach is a beautiful scenic town boasting easy access to the Erzgebirge (Ore Mountains) and excellent transport links to major towns and cities in Saxony – including Zwickau (pop. 100,000) and Plauen (pop. 65,000) – making it an attractive place to live. The town is situated at a distance of 15 miles from Zwickau and 13 miles from Plauen with regular bus and train links. The town is also surrounded by a number of smaller towns, all of which are within a 2 to 5 mile radius. These include the towns of Falkenstein (pop. 10,000) in the south, Rodewisch (pop. 7,000) in the north and Treuen (pop. 8,500) which is just 4 miles away.
Taken together, within a 5 mile radius, the three towns and Auerbach have a population in excess of 45,000 people.
Above: Panoramic views of the town, Auerbach Castle and Church
History: The town was first established in the early 14th century. A gallery depicting what the town looked like at the turn of the 19th century can be found here.
Basic Amenities: Auerbach town centre has a colourful mix of café’s and restaurants, shopping and leisure facilities. The town’s high street caters for every need – there are shoes shops, home appliance stores, pharmacies, banks, clothes stores, pubs, hair dressers, tanning salons, driving schools, children’s stores, chocolate and gift shops, takeaways, doctors and dentist surgeries – to name a few.
The town has both charm and vitality, with an exceptional mix of old and new architecture. Every Thursday – the town has a farmers market from 8am to 5pm.
Healthcare: The town has 10 GP surgeries, 11 dentists, 5 pharmacies. Auerbach is served by 2 hospitals. The first is located 2 miles from the town centre – called the Klinikum Obergoeltzch – with over 300 beds and departments for maternity, intensive care, surgery and radiology. The second hospital – Knlinik Falkenstein – is only 2 miles south of the town and is a little smaller with over 100 patient rooms and 90 staff.
Education: In recent years, the town has invested over €1.7million in the improvement of day-care facilities. There are a now total 15 child care centers in the town, of which 11 are financed by the city council. There are 4 primary schools and 2 high schools in Auerbach, one of which is only 600 metres away from this property (see here). A full list of all the educational establishments in the town can be found on the Council’s website (see here).
Above: Festivals/Concerts in summer and winter in the town and weekly market (from stadt-auerbach)
Above: Netto and Aldi
Above: Town square with an array of shops (shoe shop, chocolatier, bank, O2 shop, clothes store)
Above: Shops and shopping centre
Above: Tourist info office, library, high street
Above: Main shopping quarter with phone shops, book store, stationery shops, apothecary
Sports, Leisure/Recreation/Facilities, Attractions:
Economy: As of April 2014, Auerbach has an unemployment rate of 7.1 percent. This figure has climbed down from 10 percent in January 2013. There are more people in jobs now than at the start of 2013. The unemployed are incentivised to get back into work. In Auerbach, there are training grants which subside up to 80 percent of training fees for those looking to up-skill and join the labour force. The main industries in this region are textile (e.g. lace and embroidery), mechanical (e.g. trucks), carpet weaving, and the production of musical (orchestra) instruments. The majority of people in Auerbach are employed in industry, followed by the public sector and then the service and financial industries.
Rodewisch – 1 mile up the road from Auerbach. The town has a population of 7,000 people and is only a short walk away. Its facilities and attractions include:
Falkenstein – 2 miles southwest of Auerbach with a population of 10,000 people. The town is easily reached by regular buses, and is 6 minutes on the train from Auerbach train station. Falkenstein has numerous facilities and attractions:
Treuen– situated 4 miles from Auerbach with a population of 8,500 people. The town boasts a lively community atmosphere, and is only 10 minutes on the train from Auerbach train station. It has the following facilities:
Transport: Auerbach is easily reached via the B169, which leads
directly through the municipality. The
closest airports are Leipzig/Halle (70 miles) and Dresden (80 miles). Auerbach
is located 6 miles away from the A72 high-speed
motorway (‘auto-bahn’) which connects the cities of Leipzig, Chemnitz and Hof
in Bavaria. The town is served by two train stations (Hp and ob Bf.), one leading north towards Zwickau and another in the direction of Plauen.
Above: Map of Auerbach showing proximity to Plauen, Zwickau, Chemnitz, Gera, Leipzig and other major urban hubs [courtesy: Google Maps]
By car, Auerbach is in close proximity to the following towns and cities:
FOR MONEY - EXCELLENT RENTAL INCOME AND POST-REFURBISHMENT GAINS
Properties on this road have been rented at between 5 to 6 Euros per metre square (note: this is cold rent – bills such as water/heating are excluded).
At these prices you can expect an annual rental income between 10,500 EUR and 12,600 EUR.
5 (euros p/m²) x 175 (total internal area in m²) x 12 (months of the year) = €10,500
6 (euros p/m²) x 175 (total internal area in m²) x 12 (months of the year) = €12,600
Once refurbished, the buyer of this property can expect a steady income that is rare to come by. Should the attic be converted into a separate fourth flat (and there is potential for this as it is spacious and currently has five separate small rooms), then the rental income stated above is likely to be higher.
None of the houses surrounding this property are empty, derelict of under-developed. The central location – and convenience with which you can walk to the town’s high street and access all amenities (schools, doctor, dentist, pharmacy, and supermarkets) makes it a very popular and sought-after location.
The division of this property in to three residential flats makes it very well suited to the demographics in this town. 38% of the town is composed of singles while 29% are families. Only a quarter of the town’s property market is composed of flats, meaning there is more demand in the rental market for flats than there is for single family homes in the town.
Look no further!
This charming three storey, three apartment property is a superb buy for anyone looking to invest their money for an excellent rental return and capital gain. The town of Auerbach boasts excellent amenities, a low unemployment rate and convenient transport links to major urban hubs like Plauen, Zwickau, Leipzig, Chemnitz and Dresden.
The property is centrally located in a quiet leafy-green residential area. For this kind of price in this kind of town, and for this kind of central location, this property is most certainly an excellent deal. If you are looking to invest your money for substantial profit margins and an outstanding return – look no further!
TERMS AND CONDITIONS
I am a trusted seller and have previously sold properties on Ebay.
This is a private listing so you can ** confidently and confidentially ** submit your bid.
You will be fully guided through the buying process.
Please do not hesitate to ask questions or request pictures.
If I am unable to take your call, please leave a voicemail or SMS. Or simply send me an eBay message and I will get back to you on the same day.
Contact Jaan: 0044(0) 7960 554063
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