Renovated apartment building, vacant & divided in accordance with the German Condominium Act (WEG) – Photo 1

Renovated apartment building, vacant & divided in accordance with the German Condominium Act (WEG)

The advertiser will give you the exact address on request.42555 VelbertNordrhein-Westfalen
Living area
839 m²
Rooms
32
TraumImmo ID: 4RMBAMJ
Partner ID: 552151412

Published on 08/08/2026 · Last checked on 23/09/2026

Advertiser:
RegionalImmobilien24

Key facts

Living area approx.839 m²
Rooms32
Balcony

Plot area1088 m²
Usable floor area839 m²

Purchase price & costs

Commission3,57% (3,57% inkl. MwSt vom notariellen Kaufpreis.)

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About this investment property

This property is not a classic existing apartment building, but a residential property that has been almost newly created on an exceptionally solid structural basis.

The building, originally constructed in 1969, was extensively core-renovated in 2023 and largely rebuilt. Today, the property presents itself as a modern apartment building with 8 residential units and approx. 839 m² of living space.

Substance with rarity value
As a former bank building, the property impresses with a structurally exceptionally solid, security-oriented construction for residential properties.

The resulting advantages:

•excellent sound insulation
•high structural stability
•noticeable quality and security

In the basement, the partially preserved vault and safe-deposit systems underline the special character and offer additional possible uses.

Core renovation – technically up to date
During the renovation, nearly all trades were renewed:

•new electrical system as well as water and wastewater pipes
•new heating installation incl. radiators
•new windows, doors and bathrooms
•high-quality vinyl floors

This creates a modern technical foundation with reduced maintenance risk.

Living concept with differentiation
The 8 units (approx. 87 m² – 140 m²) offer broad usability and strong rental potential.

Particularly noteworthy:

•maisonette/split-level apartments on the ground floor with house character and terraces
•classic, easily rentable apartments on upper floors
•top-floor apartment with two roof terraces as a premium unit

The maisonette units also offer the option of adapting toward barrier-reduced living (e.g. through internal lift systems) – without conceptually tying down the property.

Parking spaces & additional areas

•8 parking spaces (4 garages, 4 outdoor parking spaces)
•basement rooms and storage areas in the basement

A clear advantage for rental potential.

Completion status – opportunity instead of risk
The property is in the final stage of completion:
The building permit has been issued, final acceptance is still pending.
Remaining work approx. €100,000 – to be finalized by the buyer.
This is precisely where the added value lies:
- influence on the final execution
- targeted value increase before full rental

Conclusion
Exceptional substance meets modern technology and strategic room to maneuver.

A property for buyers who do not just want to invest, but want to develop and position in a targeted way.


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Advertiser:
RegionalImmobilien24
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