| Type | Block of flats |
|---|---|
| Living area approx. | 387 m² |
| Year built | 1961 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Self-contained central heating |
| Fuel type | Gas |
| Plot area | 251 m² |
|---|---|
| Parking spaces | 3 |
| Condition | Modernised |
| Type of energy certificate | Energy requirement |
| Floors in the building | 4 |
| Energy use (kWh/m² per year) | 199,1 |
| Rental income | 70.000 € |
| Purchase price | 1.650.000 € |
|---|---|
| Price per m² | 4,263.57 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsFor sale is a well-maintained apartment building with a total of 10 units, consisting of 7 residential units, 1 mobile phone shop, and 2 commercial units (Thai massage and IT company). The commercial units can be converted into residential space at any time. Thus, nearly 500m² of living space!!!
The building was constructed in 1961 using solid construction with concrete ceilings and has been extensively modernized in recent years.
The property stands out due to its solid, long-standing tenant structure, central location, and numerous ongoing renovation and maintenance measures. Both the basement and the attic are available for communal use by the tenants.
In addition, 3 garages are rented out on a long-term basis and generate additional income.
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Property details
• Property type: Apartment building with commercial component
• Year built: 1961
• Plot size: approx. 251 m²
• Total area: 596.2 m², divided into commercial space 208.85 m² and living space 387.35 m²
• Total number of units: 10 (7 residential / 3 commercial)
• Garages: 3 (rented)
• Floors: 4 full floors + basement + attic
• Construction: solid, concrete ceilings
• Heating: gas floor heating systems in each unit
• Energy certificate: available
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Renovations and refurbishment (selection from recent years)
The building and the residential units have been regularly modernized and technically brought up to current standards.
Key measures at a glance:
• PVC windows (replaced in 1992/1993)
• Façade with insulating coating
• Chimney renovation approx. 2012
• Roof insulation approx. 2014
• Renovation of the stairwell approx. 2014
• Reinforcement of the staircase leading to Ölstraße, stonework
• New intercom system with video function
• Sewer inspection and repair in 2019
• Dormer renovation 2023/2024
• Chimney reconstruction 2024
• Partial renovation of the façade facing Ölstraße / Nürnberger Straße
• Ongoing renovations of individual units after tenants move out
Technical upgrades:
• Gas lines from the basement to the attic completely renewed
• New electrical riser cables installed from the basement to the attic
• New meter cabinet installed in the basement
• New building water connection with modern filter and shut-off system
These measures ensure a contemporary technical standard and significantly reduce future maintenance requirements.
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Tenancy
The property is fully let.
Current gross rent approx. €85,000 p.a.
Current net rent approx. €70,000 p.a.
The individual rental areas, rental income and rental arrangements can be found in the Excel tenant schedule.
The combination of residential and commercial space results in stable rental income with an attractive yield and further potential.
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The apartment building is located in the heart of Zirndorf, in the immediate vicinity of the town centre.
Public transport, shopping facilities, restaurants, schools and leisure activities are located in the immediate surroundings.
The town centre and the main railway station can be reached within a few minutes, making the location highly attractive for both residential and commercial tenants.
