Concentrating on the essentials while exploiting the maximum possibilities – this is the maxim of the concept behind Fox Cube. With Fox Cube Leipzig, this key to success is going into round four. Everything has been thought of: compact floor plans, furnished apartments, fitted kitchens situated in an up-and-coming neighborhood with outstanding infrastructure and rapid access to the city centre. The apartments are compact, intelligently designed and tailored to the needs and wants of modern city dwellers looking to enjoy urban life to the fullest. These are living spaces that adapt to the lifestyle of their residents. And it’s not only residents who benefit, so do investors.
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Strong demand for compact apartments
With a population of 600.000 since October 2019, Leipiz is Germany’s eighth largest city. Especially the students of the university Leipzig and the numerous temporary workers at the large corporations drive the demand for small and compactly cut apartments.
Attractive rental yields of up to 4.8% p.a.
Due to the small living areas, relatively high rent is possible. As on the small area, tenant will have everything they need. As a consequence, the landlord receives higher rental yields of up to 4,8% p.a.. This is not about speculation, but concrete confirmations of a commercial tenant, who would like to rent the apartments upon completion. The decision is up the buyer.
Property acquisition tax only 3,5%
Whoever buys real estate needs to pay a property acquistion tax to the regional tax office. Leipzig is part of the federal state of Sachsen, where real estate buyers have to pay one of the lowest acquisition taxes. Around August 2020, this was at 3,5%.
Location with potential
6,3% (July 2020) is the current unemployment rate in Leipzig. Five years ago it was as high as 9,4 percent. The development of Leipzig into a logistic location was decisive for this positive trend. In recent years, companies such as BMW, DHL, Porsche or Amazon have established themselves in extensive locations. Further namely employers include the Bundesverwaltunsgericht, the MDR and the Unversitätsklinikum.
Guaranteed letting with furnishing
A commercial tenant has already agreed to rent all of the apartments in FOX CUBE at guaranteed net rents. All apartment yields are calculated on the basis of these net rents. As an investor, you have the security of knowing a tenant is already lined up when you buy an apartment. At the same time, this is only an offer and you are under no obligation to accept it.
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Bright facades, brick stone and large windows, that each form a band as well as the striking entrance characterise the modern new building in style of the 1920s. Situated at Eisenbahnstraße, the property consists of a street-side new building and a courtyard-side remise. Inside the main building are mainly 1-room apartments with approx. 19 to 29 m² living area. The large windows and courtyard-side balconies promote a pleasant living atmosphere. The penthouse apartments are especially appealing, as a suprising living oasis for urbanists unfolds throughout the light-flooded rooms. And within the remise, one can find 3-room apartments das guarantee quiet and relaxation from everyday life. A beautifully designed courtyard is part of the ensemble.