About this house
This charming residential and commercial building combines historic substance with development potential – an interesting opportunity for investors who value character, location, and design freedom. The property comprises four floors with a total of around 289 m² of living space as well as a commercial unit of around 40 m² on the ground floor. The plot covers 270 m².
Particularly noteworthy is the listed retail space, which is in an exceptionally well-preserved original condition. Such commercial spaces are now rarely found and give the property a special authenticity as well as high historical value.
The house contains four residential units; these are currently vacant and in need of renovation. This offers investors the opportunity not only to achieve an increase in value through comprehensive modernization, but also to establish a sustainable tenant structure. At the local standard rental rate, an annual net cold rent of around €17,850 can be achieved.
Over time, individual maintenance measures have been carried out on the property. For example, the roof on the street side was renewed in 2014/2015, while the roof area facing the courtyard was modernized in 1995. The installations for water, electricity, and sanitation also largely date from 1995. However, there is an urgent need for renewal in the electrical supply, especially in the basement area. Heating is provided by gas-fired apartment heaters in two of the apartments, while the attic is equipped with an electric panel heater. The commercial space on the ground floor currently has no separate heating system. Hot water is supplied decentrally in all units via electric boilers. Some of the windows have been replaced with plastic windows, while older wooden windows are still present in some areas. The interior fittings are mixed, with floor coverings of laminate, PVC, and tiles as well as wooden doors in varying designs.
Another building in the rear area serves as storage, but is in a condition in need of extensive renovation. There are no parking spaces or garages available, which is offset by the central location and good accessibility. The directly adjacent neighboring house is also in a condition in need of extensive renovation, and as a result there are already initial damage to thedescribed property.
This property appeals to investors who appreciate the potential of a historic property with development prospects. Particularly noteworthy is the listed retail unit on the ground floor, which, due to its original state of preservation, represents a rare unique selling point and can contribute to long-term value stability.
Take the opportunity now to add this versatile property with history and potential to your investment portfolio – actively shape the future of this property – we look forward to your inquiry!
