This beautiful period building is particulary desirable with a yield of 7.74%! The five storey property is completely tenanted!

The property dates back to 1900 and was modernized in 1986. It comprises of eight residential units (843m2)and two commercial units (162m2). The total floor area measures 1005m², the plot size is 350m².

The current annual rental income is 42,295 euros equivalent to a yield of 7.7%.

Magdeburg is the capital city of the region Saxony-Anhalt and has approximately 230.000 inhabitants. This historic city is situated on the river Elbe and offers a wonderful picturesque scene of the Magdeburg Dom on the river side. This second largest city of the region lies between Berlin and Hannover.

A wonderful investment opportunity..........