| Living area approx. | 261 m² |
|---|---|
| Bedrooms | 4 |
| Rooms | 8 |
|---|---|
| Bathrooms | 2 |
| Plot area | 616 m² |
|---|
| Purchase price | 650.000 € |
|---|---|
| Price per m² | 2,490.42 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsRare investment opportunity in a sought-after central location – with solid rental income from the existing property, significant development potential and a calculated purchase price of only approx. €900/m² including the expansion reserve.
The building has two floors (ground floor + 1st upper floor) and comprises:
• 2 rented commercial units
• 1 modernized residential unit (currently not rented due to the sale)
• 9 parking spaces in the inner courtyard (6 of them covered)
• Small garden area
The main building was constructed in 1955 using solid construction methods and has a full basement. Parts of the basement and staircase ensemble date from the pre-war period
The apartment was comprehensively renovated around 2005 and has been continuously modernized since:
• High-quality parquet flooring
• Replaced doors, windows, bathrooms and kitchen
• 2 loggias, 1 balcony
In the rear part of the property there is a double carport as well as three additional lightweight carports.
Area overview
• Plot size: 616 m²
• Total existing floor area: 261 m²
Breakdown
• Residential: 114 m²
• Commercial: 151 m²
Parking spaces
• 9 car parking spaces, of which 1 is currently vacant (assigned to the apartment)
Significant expansion potential through:
• Adding up to 3 full floors plus an attic floor
• Additional construction in the rear part of the property
An additional floor and further construction have already been reviewed and positively assessed for the property. The preliminary building inquiry at the time allowed for an additional usable floor area of approx. 470 m², equivalent to around 180% of the existing usable floor area.
Income data
• Annual net cold rent (target): €35,868.76
• Multiplier: 18
Of which
• Commercial: €17,786.76
• Residential: approx. €15,000.00
• Parking spaces: approx. €3,082.35
Occupancy status
• Residential: currently vacant due to the sale
• Commercial: 2 units rented (no vacancy)
Key figures
• Heating system: District heating
• Purchase price existing property: approx. €2,490.42/m²
Purchase price including expansion reserve: approx. €900/m²
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