Renovated investment property in the center of Bonn, achievable rental income EUR 75,000 p.a. + ancillary costs

Key facts

Purchase price & costs

About this investment property

For sale is a residential and commercial building in the center of Bonn, only 100 m from the market square. The plot size is 119 m². According to Boris NRW, the standard land value per m² of building land at this location is EUR 900. The redesign of the Viktoriaviertel (also Viktoriakarree) in Bonn’s city center is implementing a central, long-term urban development project. The aim is to develop the area between Belderberg, Rathausgasse, Franziskanerstraße and Bonn’s Hofgarten into a lively, mixed-use quarter that combines living, working and culture. The urban planning development will increase the residential value at this location and likewise the plot value. The building was constructed around 1950 using solid construction methods with solid (concrete) ceilings and a basement, and was fully renovated in 2025 and 2026. On the ground floor there is a well-attended kiosk with approx. 90 m² of commercial space. The kiosk is currently rented for EUR 2,000 per month plus ancillary costs. The apartment on the first upper floor comprises a living room with an open kitchen including a fitted kitchen and access to the approx. 35 m² terrace, a hallway, a bathroom and two further rooms (bedrooms). The living space is approx. 58 m². This apartment is currently occupied by the owner. The achievable rent for the apartment is approx. EUR 950 plus ancillary costs (if rented to a shared apartment, the rent would be correspondingly higher). The apartment on the second upper floor also has 58 m², but comprises three separate rooms and a separate kitchen, a bathroom and a hallway. This apartment is rented to a student shared apartment for EUR 1,500 per month plus ancillary costs. This is an all-inclusive rental agreement totaling EUR 1,950 per month. The attic also contains a three-room apartment with a balcony, kitchen, hallway and bathroom. Due to the newly installed dormer windows, the living space is approx. 56 m². There is potential for expansion on the sitting floor. Thus, the attic apartment could be converted into a maisonette apartment. A corresponding staircase would still need to be installed. This apartment is currently rented for EUR 1,250 plus ancillary costs. The total annual net rent therefore amounts to EUR 67,800–75,000 plus ancillary costs, depending on whether the owner-occupied apartment on the first upper floor is rented normally or also to a shared apartment.

Renovation work:

The building’s exterior facade was insulated (14 cm). The roof was re-roofed and also insulated – including new dormers.
All apartments received triple-glazed windows, shutters, and underfloor heating. All apartments also have newly installed fitted kitchens with integrated washing machines. The floor coverings, electrical system, and bathrooms were renovated. The terrace of the apartment on the first upper floor was newly constructed. The rental apartments are heated by an air-source heat pump, which was also newly installed. The commercial unit on the ground floor has its own gas heating system. The interior doors in the apartments were replaced. The stairwell was renovated.

Location