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JUST REDUCED FROM 296.000,- TO 276.000,- €!!! 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!

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

No Commission.

Date July/2011.... Price change.... 296.000,- € (old price).... 276.000,- € (new price)

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