Condominium with parking space

Let ground floor flat in a fully basemented, three-storey multi-family residential building with converted attic in Meißen-Niederfähre, on the right bank of the Elbe near the river. The building, erected around 1900, with a total of 8 residential units, was comprehensively renovated and modernised in the late 1990s in the course of division into condominium ownership, including the addition of balconies and attic conversion.

The flat on the ground floor left comprises 2 rooms plus kitchen, bathroom, hall and balcony as well as two storage rooms in the stairwell and cellar. In addition there is a right of exclusive use (Sondernutzungsrecht) of car parking space no. 2 on the property. The flat has been let on an open-ended basis since March 2017, the cold rent of 5.25 euros per square metre is below the local comparative rent of 5.75 euros, so there is potential for a rent increase.

The common property is in a structural condition that is good for its age with a slight maintenance backlog and isolated rising damp in the basement. The unit itself (Sondereigentum) shows a simple but well-maintained condition with no discernible value-affecting defects.

Wording of the local court, taken from the official auction notice.