This prestigious apartment building at Demmeringstraße 93 in Leipzig represents an attractive investment in the sought-after west of Leipzig. The striking corner building from 1905 combines the charm of a classic Art Nouveau old building with a well-kept building fabric and stable rental income.

The property is located in a quiet side street not far from the popular Duncker district. Numerous cafés, restaurants, shopping facilities as well as green and leisure areas are within walking distance. The Leipzig-Lindenau S-Bahn station is also only a few minutes' walk away and offers excellent connections to Leipzig city centre.

The apartment building comprises a total of 20 residential units as well as an additional storage unit with a total living space of approx. 1,031 m². The average apartment size is approx. 51 m² and corresponds to an apartment segment that is particularly in demand on the Leipzig rental market.

The property is fully let and has no vacancy. The tenancies are predominantly open-ended and ensure stable and predictable rental income. The current net cold rent amounts to a total of €7,310.50 per month or €87,726 per year. The average net cold rent is currently approx. € 7.09 / m² and continues to offer development potential.

In the early 1990s, the building was extensively renovated. In this context, among other things, the string renovation, the renovation of the electrical cables, the revision of the stairwells, the repair of the façade and the replacement of the windows with double-glazed plastic windows with sun blinds were carried out. In addition, the attic was completely expanded and provided with additional residential units.

In 2018, a contracting agreement was concluded with the City of Leipzig for the central gas supply of the building. The central supply system also includes hot water preparation. The energy consumption is only 81.96 kWh/(m²*a), corresponding to energy efficiency class C.

The property is in a well-maintained and continuously maintained condition. After tenant changes, vacant apartments were regularly visually and painterly repaired and then re-let without any problems. The sustainable rentability of the units is ensured in the long term by the sought-after location, functional floor plans and the classic old building character.

Particularly noteworthy are the high-quality Art Nouveau façade with stucco elements, the representative entrance area with natural stone details and the stylish wooden staircase. The property is complemented by a spacious basement area with separate metal sheds, a separate garbage dump, a communal laundry room and bicycle parking spaces in the courtyard.

In addition, the property benefits from the extremely positive development of the west of Leipzig for years. The district is now one of the most dynamic and sought-after residential areas in Leipzig and enjoys great popularity, especially among young professionals, students and creative target groups. The combination of urban neighbourhood character, historic old buildings and at the same time very good infrastructure continues to ensure consistently high demand on the rental market as well as long-term value appreciation potential.

According to the owner, no major renovation measures are currently planned or necessary, which means that the property presents itself as a solid and sustainably manageable capital investment, especially for long-term investors.

EDEL Real Estate GmbH is looking forward to supporting you with this attractive property and is always available to answer any questions you may have and to arrange a viewing appointment.

EDEL Real Estate GmbH

www.edel-re.com

Facilities

+ Apartment building with 20 residential units and 1 storage unit

+ Year of construction approx. 1905

+ Total living space approx. 1,031 m²

+ Average apartment size approx. 51 m²

+ Fully let without vacancy

+ Predominantly open-ended leases

+ Monthly net rent: 7,310.50 €

+ Annual net cold rent: 87.726 €

+ Average net cold rent approx. 7.09 € / m²

+ Sought-after residential area in the west of Leipzig

+ Quiet side street not far from the popular Duncker district

+ S-Bahn station Leipzig-Lindenau within walking distance

+ Excellent infrastructure and local amenities

+ Cafés, restaurants, bars and green spaces in the immediate vicinity

+ Representative corner building with Art Nouveau character

+ High-quality stucco façade

+ Stylish entrance area with natural stone elements

+ Historic Art Nouveau wooden staircase

+ Extensively renovated in the early 1990s

+ Expansion and extension of the attic at the beginning of the 1990s

+ String renovation carried out

+ Electrical cables refurbished

+ Staircases repaired

+ Facade revised

+ Replacement of the windows with double-glazed plastic windows with sun blinds

+ Gas contracting agreement with the City of Leipzig since 2018

+ Central hot water supply

+ Digital electricity meters already installed

+ Energy consumption: 81.96 kWh/(m²*a)

+ Energy efficiency class C

+ Well-maintained and continuously maintained overall condition

+ No renovation measures planned or required

+ Apartments were regularly repaired in a painterly manner after tenant changes

+ Very good and sustainable rentability of the units

+ Spacious basement area with separate metal crates

+ Communal laundry room available

+ Bicycle parking spaces in the courtyard

+ Separate garbage dump available

+ Solid investment with stable cash flow

+ Long-term value appreciation potential