We currently have an exceptional tenanted apartment investment opportunity in central Dresden at just £47,000
All apartments are let at an excellent 5.71% annual yield.
In Germany, tenants are liable to pay (provided it’s agreed in the rental contract as is standard) for utilities as well as running costs (including property tax, insurance, etc).
That means the landlord only carries the cost of house management (required by law),rental management (optional) and payments into the building reserve fund (sinking fund – to cover any future repairs and renovation of the building).
House Management - 21 euros per apt pcm
Rental Management - 24.15 euros per apt pcm.
The apartments are located in a sought afterlocation of Dresden, within very easy reach of the city centre yet in a green, leafy and quiet residential area. The building is situated off a quiet street with very little traffic. It is surrounded by greenery and fields nearby. The street is located on an elevation, offering magnificent views of Dresden.
This area is dominated by family houses and villas set amidst lots of greenery (gardens, parks, fields) giving the area a pleasant village feel very popular with Dresdners. Just a minute walk from the building is a bus stop with direct bus services to the centre (and historic Old Town) of Dresden.
Whether by car or bus, the centre can be reached
within a short drive (10/15 minutes by car/bus).
A school and a sports facility are nearby, just a short walking distance from the property.
The highway (Frankfurt-Berlin-Warsaw-Prague) is just 2.5 miles away, providing excellent connections to the rest of Germany and Europe.
In 1990 Dresden — an important industrial centre of East Germany — had to struggle with the economic collapse of the Soviet Union and the other export markets in eastern Europe. East Germany had been the richest communist country but was faced with competition from western Germany after reunification. After 1990 a completely new law and currency system was introduced in the wake of communism's downfall, and eastern Germany's infrastructure was largely rebuilt with funds from western Germany. Dresden as a major urban centre has developed much faster and more consistently than most other regions in former East Germany, but the city still faces many social and economic problems stemming from the collapse of the communist system, including high unemployment levels.
Infrastructure
Transport
The longest trams in Dresden set a record in length
The longest trams in Dresden set a record in length
The Bundesautobahn 4 (European route E40) crosses Dresden in the northwest from west to east. The Bundesautobahn 17 leaves the A4 in a south-eastern direction. In Dresden it begins to cross the Ore Mountains towards Prague. The Bundesautobahn 13 leaves from the three-point interchange "Dresden-Nord" and goes to Berlin. The A13 and the A17 are on the European route E55. Several Bundesstraße roads crossing or running through Dresden.
There are two main inter-city transit hubs in the railway network in Dresden: Dresden Hauptbahnhof and Dresden-Neustadt railway station. The most important railway lines run to Berlin, Prague, Leipzig and Chemnitz. A commuter train system (Dresden S-Bahn) operates on three lines alongside the long-distance routes.
Dresden Klotzsche Airport is the international airport of Dresden, located at the north-western outskirts of the town. Its infrastructure has been improved with new terminals and a motorway access route.
Dresden has a large tramway network operated by the Dresden Transport Authority. Because the geological bedrock does not allow the building of underground railways, the tramway is an important form of public transport. The Transport Authority operates twelve lines on a 200 km network.[15] Many of the new low-floor vehicles are up to 45 metres long and produced by Bombardier Transportation in Bautzen. While many of the system's lines are on reserved track (often sown with grass to avoid noise), some tracks still run on the streets, especially in the inner city.
The CarGoTram is a tram that supplies Volkswagen's Transparent Factory, crossing the city. The transparent factory is located not far from the city centre next to the city's largest park.
Public utilities
The Sächsische Staatskanzlei (Saxon State Office) is the institution assisting the Minister-President in a similar way to the German Chancellery
The Sächsische Staatskanzlei (Saxon State Office) is the institution assisting the Minister-President in a similar way to the German Chancellery
Dresden is the capital of a German Land (federal state). It is home to the Saxon state parliament and the ministries of the Saxon Government. The controlling Constitutional Court of Saxony is in Leipzig. The highest Saxon court in civil and criminal law, the Higher Regional Court of Saxony, has its home in Dresden.
Most of the Saxon state authorities are located in Dresden. Dresden is home to the Regional Commission of Dresden, which is a controlling authority for the Saxon Government. It has jurisdiction over eight rural districts, two urban districts and the city of Dresden.
Like many cities in Germany, Dresden is also home to a local court, has a trade corporation and a Chamber of Industry and Trade and many subsidiaries of federal agencies (such as the Federal Labour Office or the Federal Agency for Technical Relief). It also hosts some subdepartments of the German Customs and the eastern Federal Waterways Directorate.
Dresden is also home to a military subdistrict command but no longer has large military units as it did in the past. Dresden is the traditional location for army officer schooling in Germany, today carried out in the Offizierschule des Heeres.
Until famous entreprises like Dresdner Bank left Dresden in the communist era to avoid nationalisation, Dresden was one of the most important German cities. The period of the GDR until 1990 was characterised by low economic growth in comparison to west German cities. The enterprises and production sites broke down almost completely as they entered the social market economy. Since then the economy of Dresden has been recovering.
Facts and figures
The unemployment rate fluctuates between 13% and 15% and is still relatively high. Nevertheless, Dresden has developed faster than the average for eastern Germany and has raised its GDP per capita to 31,100 euros, equal to the GDP per capita of some poor West German communities (the average of the 50 biggest cities is around 35,000 euros).[17]
The economy of Dresden involves extensive public funding. Thanks to extensive public funding of technology, the proportion of highly-qualified workers is around 20%. Dresden is ranked among the best ten cities in Germany to live in.[18]
Enterprises
Three major sectors can be seen as dominating the Dresden economy:
Transparent Factory owned by VW.
Transparent Factory owned by VW.
The semiconductor industry was built up in 1969. Major enterprises today are AMD, Infineon Technologies (now partly owned by Qimonda), ZMD and Toppan Photomasks. Their factories attract many suppliers of material and cleanroom technology enterprises to Dresden.
The pharmaceutical sector came up at the end of the 19th century. The Sächsisches Serumwerk Dresden (Saxon Serum Plant, Dresden), owned by GlaxoSmithKline, is a world leader in vaccine production. Another traditional pharmaceuticals producer is Arzneimittelwerke Dresden (Pharmaceutical Works, Dresden).
A third (traditional) branch is that of mechanical and electrical engineering. Major employers are the Volkswagen Transparent Factory, EADS Elbe Flugzeugwerke (Elbe Aircraft Works), Siemens and Linde-KCA-Dresden.
Tourism is another sector of the economy enjoying high revenue and many employees. There are 87 hotels in Dresden, a noted site for heritage tourism.
Media
The media in Dresden include two major newspaper: the Sächsische Zeitung (circulation around 300,000) and the Dresdner Neueste Nachrichten (circulation around 50,000). Dresden has a broadcasting centre belonging to the Mitteldeutscher Rundfunk. The Dresdner Druck- und Verlagshaus (Dresden printing plant and publishing house) produces part of Spiegel's print run, among other newspapers and magazines.
.
Dresden (etymologically from Old Sorbian Drežďany, meaning people of the riverside forest) is the capital city of the German Federal Free State of Saxony. It is situated in a valley on the River Elbe. The Dresden conurbation is part of the Saxon Triangle metropolitan area.
Dresden has a long history as the capital and royal residence for the Kings of Saxony, who for centuries furnished the city with cultural and artistic splendor. The controversial bombing of Dresden in World War II, plus 40 years in the Soviet bloc state of East Germany, changed the face of the city dramatically.
Since German re-unification, Dresden has emerged as a cultural, political, and economic centre in the eastern part of the Federal Republic of Germany.
Dresden lies on both banks of the river Elbe, mostly in the Dresden Elbe Valley Basin, with the further reaches of the eastern Ore Mountains to the south, the steep slope of the Lusatian granitic crust to the north, and the Elbe Sandstone Mountains to the east at an altitude of about 113 meters. The highest point of Dresden is about 384 meters in altitude.
With a pleasant location and a mild climate on the Elbe, as well as Baroque-style architecture, Dresden has been called "Elbflorenz" (Florence of the Elbe).
The incorporation of neighbouring rural communities over the past 60 years has made Dresden the fourth largest urban district in Germany after Berlin, Hamburg, and Cologne.
The nearest German cities are Chemnitz (80 km to the southwest), Leipzig (100 km to the northwest) and Berlin (200 km to the north). The Czech capital Prague is about 150 km to the south; the Polish city of Wrocław is about 200 km to the east. There are some medium-sized towns such as Pirna (40,000 inhabitants), Freital (40,000), Radebeul (33,000) and Meißen (28,000) in the borough of Dresden. Riesa and Freiberg are not far away.
Greater Dresden, which includes the neighbouring districts of Kamenz, Meißen, Riesa-Großenhain, Sächsische Schweiz, Weißeritzkreis and part of the district of Bautzen, has a population of around 1,250,000 inhabitants.
Source : Wikipedia