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18 bedroom block of apartments for sale

Germany - Schneeberg, Saxony

Guide Price €135,000

like this property?

Call: 0141 432 1234
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Massive open plan space
  • Imposing building
  • Entire roof flat and accessible - Reenforced

Full description:

Key facts:
3,300 SQM built area
6 floors in total
Constructed around 1926 and used as a corset factory, then used as a furniture and fabric factory.
Main building has 6 floors
The rear building has 3 storeys
Solid construction
Freight elevator in main building
Central staircase
Full basement

This is ONLY for the serious investors, the building will require a considerable amount spent to convert it into apartments, once complete the estimated practical sales price of each apartment will be MINIMUM 250,000 each (5 floors @ 2 per floor, 10 apartments, total of all apartments worth £2.5M when finished). You then have the top floor and ground floor, worth at least £300,000 in value each. Total ROI is easily over £2M after renovation, invest a little, earn a lot.

A plan has already been put in place for the building, there would be 2 apartments on each floor, thats 5 floors of apartments, then there is the full roof that could be turned into one massive full length apartment, or a restaurant or similar, then there is the ground floor.

The ground floor is simply stunning, huge, tall roofs, this is perfect for business and retail space, interest has already been shown from two local mid sized companies for space in the building once it is complete.

As mentioned, this is only for the serious investor, the cost to purchase is purchase price plus purchase / notary fees, this is a win-win property for the buyer, we know of nothing similar that exists, no similar buildings or potential investment opportunities.

The buyer would have to commit to renovate the property into something, and not let it sit, this is not a speculative property. We can assist with planning and renovation at great reductions on what would be charged locally, we have our own team and equipment for both planning, logistics and work within the building.

Viewings are of course available and recommended. Staged payments are not available, any mortgages must be sorted out before showing interest.

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Leipzig-Halle (INTERNATIONAL), 59.5 miles
  • Dresden (INTERNATIONAL), 62.1 miles
  • Erfurt (INTERNATIONAL), 78.1 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Sneddon and Lock Ltd, Aviemore

0141 432 1234  Local call rate
About Sneddon and Lock Ltd, Aviemore

Sneddon & Lock Ltd is a British American partnership. Based in the city of Reichenbach, Germany, Sneddon & Lock offers the direct sales of German property at very competitive prices. Property types offered range from single family homes to multi-family apartment blocks, commercial factory units and commercial offices. All property is freehold and without commission.


Viewing trips are always possible with short notice to all property available. We speak both English and German. Fully insured and registered with the Information Commissioners office. We offer free impartial advice on all aspects of investing in Germany or purchasing for full time family living in this progressive, prosperous country.
 


Disclaimer

This is a property advertisement provided and maintained by Sneddon and Lock Ltd, Aviemore (reference Schneeberg) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

or call 0141 432 1234
Calling from outside the UK? 0044 141 432 1234

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