Fully Let Apartment Building in..

This prime property is in excellent condition and is situated in the centre of Magdeburg, just a few steps away from the pedestrian zone. The 12 housing units are divided into sizes ranging from 45 m2 to 88 m2, most include a balcony.

All units are accessible using an external lift. The object is an interesting investment opportunity for the proprietor with a high return on investment.

Location

Magdeburg is the state-capital of Saxony-Anhalt and one of the three regional business hotspots. With a population of 230,000 the city is one of the 40 largest in Germany.

The most notable business branches of Magdeburg are mechanical engineering, environmental technologies, health economics, recycling, processing of renewable resources and logistics. The science sector, which includes both universities and several research facilities, is also growing. Within the last 20 years, the service branch has developed and now plays a major role in terms of employment. T-Systems for example maintain their largest data processing service centre in Magdeburg, employing 750 people. Also, US-based IT-Company IBM opened its first service centre in Germany here. It is to be a part of a worldwide network of 32 IBM centres. By 2015, 300 people are to work here in software counselling and development. The central position with dozens of universities and colleges in the vicinity, but also the closeness to important companies was decisive for the selection of Magdeburg.

Upon the notarization of a property from this offer, a buyer ́s commission of 7.14% incl. VAT of the purchase price is payable.