Historic Multi-Family Mansion for Sale and Rent in Zittau, Saxony, Germany

Unique Listed Building in Beautiful Residential Area

Outstanding investment opportunity in one of the most beautiful cities of Germany. Unique listed property built in 1896 as an upper class residential development consisting of 3 stunning, independent, spacious apartments on 3 floors. Very bright and sunny. Over 700 square meters (7.500 square feet) of constructed surface. Lot of 480 m2 (5.200 square feet) with lovely garden. Each apartment has a 6 square meter (65 square feet) balcony. Uniquely positioned in the “heart” of Zittau´s artist and writers district; an agreeable, green, upscale residential neighborhood. 200 meters walking distance to the lovely historic center and main shopping area. Many original details like parquet floors, high, stuccoed ceilings, richly ornamented ceramic stoves, well preserved staircase with mosaic floor tiles and wrought ironwork, massive turn of the century wooden doors, etc.
Each apartment consists of 6 spacious rooms, hall, kitchen, bathroom and a balcony. The attic floor (4th floor)has been partially enlarged. There are actually three rooms to let for students. The number of student rooms could easily be augmented to 7 or 8. Massive ,vault like basement with lots of room for storage and independent, outdoor entrance for bicycles. One garage on the plot behind the garden. Many possibilities. Very easy to let. Roof, façade, wiring, water (drain) pipes, bathrooms and part of the heating system have been renovated in the 90´s. Needs further renovation but is in very solid condition. Low annual property tax of 700,- €. Owner financing available. Fantastic opportunity to buy a well preserved piece of history well below its intrinsic value!

Listed buildings give cities their character and are the face of the city. The preservation of these building is a priority for the German Government and so their refurbishment and purchase are incentivized with unique tax advantages for buyers. Listed buildings are monuments of premium-class, full of character, personality and charisma. They offer a unique ambiance for the tenants, a very exciting rental yield for the investor and when it is sold, the listed building achieves a price, which cannot be compared with conventional real estate.
The number of these buildings is unfortunately quite low (only about 1% of all properties in Germany), so they are a rare commodity and all the more valuable. For an investor, because of the tax incentive and rare nature of the property, this is a crisis-proof and inflation-protected property investment.

Zittau lies in the south east of Germany, in the Free State of Saxony, close to the border triangle between Germany, Poland, and the Czech Republic.
After years of careful reconstruction, the inner city of Zittau once again shows its original beauty with many historic buildings out of different periods of European architecture. Coming through the two world wars completely undamaged, Zittau surprises first time visitors with a certain mediterranean atmosphere. Because of it´s strategic border triangle position in the heart of Europe, Zittau´s affluence was built on trade. For centuries, Zittau was one of the most important cities in Bohemia. Today, apart from trade and other commercial activities, tourism is picking up fast as Zittau´s major growth sector. The natural beauty of the surrounding countryside and the nearby mountains ( providing skiing facilities and several spas, with Oybin and Jonsdorf being the two most charming ), are popular tourist destinations all year round. Zittau´s climate is very sunny. Weekenders from the border countries adore shopping in the lovely historic center. Another contributor to Zittau´s international flair are the roughly 4.000 enrolled Students at Zittau´s international university, where classes are held in 4 languages. Because of their Bohemian background, people in Zittau are very relaxed and hospitable. Zittau offers a well diversified range of cultural attractions such as historic sites, museums, the outstanding Gerhart Hauptmann theatre (which is just 100 m away from the property), cinemas, outdoor music and theatre festivals, a zoo etc. Two of the most beautiful major European cities (and their international airports), Prague and Dresden, can be reached by car or train within an hour.

Germany again topped the list of countries with the most positive ratings from around the world, according to the newest BBC World Service opinion poll released on the 6th of march 2011. And the latest Mercer Quality of Living Survey included 3 German cities in the top 10 of their 'World's most livable cities´ list.

Over the years we have visited many places all over the world, and without any doubt the charming town of Zittau is one of the most attractive, agreeable, safest, clean, carefree, quiet, romantic, and cheapest places we have come across. Zittau is an unspoiled gem ready to get discovered.

Further information about outdoor activities near Zittau and the surrounding countryside can be found following the link below.

Foreign bidders are more than welcome; but we will not travel abroad for meetings nor will we fall for any fraudulent money exchange schemes.

If you are seriously interested…
Please contact us for more information and details of a possible deal. The owner is willing to listen to serious offers and we can help you not only with the deal process but also to organize a visit to Zittau.
We´ll be waiting for your questions.

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