From Sleeping Beauty slumber to a profitable gem: Leverage historic preservation, save taxes, create value!

Key facts

Purchase price & costs

About this house

This impressive residential and commercial building combines historic charm with exceptional development potential and represents a rare opportunity, particularly for yield-oriented investors. Situated on a 640 m² plot, the fully basemented, four-storey building offers a generous total area of approximately 1,078 m², divided into approx. 523 m² of residential space and approx. 555 m² of commercial space.

The property comprises a total of five residential units and a spacious commercial unit on the ground floor. Currently, only one apartment is rented, while four residential units and the commercial space are vacant—an ideal starting point for comprehensive repositioning on the market. The current annual net cold rent of €5,400 can be increased through renovation and subsequent full letting to an attractive target rent of approx. €55,378 per year, based on sustainably achievable local rents.

A particular highlight of this property is its existing listed-building status. This offers investors considerable tax advantages, particularly through increased depreciation opportunities for renovation measures. This allows investment costs to be significantly optimized and the return to be sustainably increased. At the same time, the listed-building status offers the opportunity to specifically emphasize the building’s historic character—such as through stylish period features—and integrate it into a high-quality usage concept.

The property’s structural fabric was already modernized in key areas during the 1990s. This included, among other things, renewing the roof covering, installing PVC windows with insulating glazing, and modernizing the electrical and sanitary systems. Individual units, particularly Apartment 5, underwent further extensive renovation in 2016/17. Nevertheless, large parts of the building still require contemporary renovation and modernization, offering investors the opportunity to implement individual concepts and realize considerable potential for value appreciation.

Heating is provided by different systems: the commercial space is supplied by an oil-fired central heating system, while the apartments are predominantly equipped with gas-fired individual floor heating systems. The property is connected to the sewer system and has a high-performance internet connection of up to 1,000 Mbit/s—an increasingly important location factor.

The spacious commercial unit on the ground floor with The attached storage areas offer a wide range of possible uses, whether for retail, services or creative concepts. The upper floors mainly contain generously proportioned apartments, including a representative 8-room apartment on the 1st upper floor with approx. 176 m² of living space, which is ideally suited for upscale living or alternative usage concepts. The offering is rounded off by a spacious attic as additional storage space, as well as extensive basement and storage rooms.

Overall, this is a characterful listed property with considerable development potential, tax advantages and attractive return prospects. This property offers investors the rare opportunity to combine historic building stock with modern value creation and benefit from a sustainable letting strategy in the long term.

Are you interested? Do not miss this rare opportunity and arrange a non-binding viewing appointment with us. We look forward to hearing from you.

Location