8% yield

In a fantastic location on the edge of the village at an altitude of 640 meters). Apartment mezzanine floor, 63sqm, 3 rooms, south-facing balcony with unobstructed views of the Erzgebirge Nature Park, with views as far as the border ridge to the Czech Republic (Schwartenberg, Ahornberg etc.),
Kitchen with ceramic hob, convection oven, dishwasher, fridge-freezer,
Bathroom with stepless walk-in shower instead of bathtub,
cellar and
parking space in front of the door.
Built in 1990, the electrical, water and sewage installations as well as the bathroom and kitchen have been renewed in recent years.
A balcony power station was installed in 2023. As the old meter runs backwards when there is a surplus, the annual consumption is only 1,500 KW.
The complex received a new central heating system with a gas condensing boiler in 2023.
The monthly rent is only € 240 and includes heating costs, water, sewage, garbage, TV cable connection, maintenance reserve (€ 45) and administration. The community of owners comprises 2 buildings, each with 4 staircases of 8 apartments on 4 floors.
The valuation by the tax office resulted in € 63,000, whereby the maintenance reserve of currently € 1600 is also transferred to the purchaser.
In addition, we have an allotment garden located on the local access road with a new shed and lean-to greenhouse, 1000 l cistern and electrical connection. The annual rent is only €35. This could be taken over by the buyer if desired.
Option 1: We move out within 3 months after payment of the purchase price.
Option 2 (preferred): We rent the apartment for approx. 5 more years and pay rent (property tax, house fees and 8% yield.

Sayda has a good infrastructure with a supermarket, modern group practice, pharmacy, dentist, gynecologist, kindergarten, all schools, petrol station and a retirement home.
We will move there as soon as the buyer wants to move into the condominium himself.
The Czech Republic is 10 km away and offers cheap shopping, food and gas.