| Type | Block of flats |
|---|---|
| Living area approx. | 398 m² |
| Rooms | 15 |
|---|---|
| Bathrooms | 4 |
| Plot area | 208 m² |
|---|
| Purchase price | 638.000 € |
|---|---|
| Price per m² | 1,603.02 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsThe multi-family house on offer is a property with high space utilization and attractive development potential in a highly sought-after location.
The property has approx. 297 m² of residential space, approx. 101 m² of commercial space, approx. 150 m² of usable space and approx. 41 m² of circulation space, and is situated on a 208 m² plot.
The building comprises 4 residential units and 1 commercial unit, has a full basement and consists of 3 above-ground full floors as well as a converted attic with a usable upper attic space.
The commercial unit on the ground floor, with approx. 101 m², includes a dining area, ancillary rooms, storage areas and separate sanitary facilities, as well as additional ancillary rooms in the basement.
The residential space is divided into units ranging from approx. 47 m² to 106 m², including a 5-room apartment on the 1st upper floor (approx. 106 m²), a 2-room apartment (approx. 47 m²) and a 3-room apartment (approx. 60 m²) on the 2nd upper floor, and a 3-room attic apartment with approx. 85 m², including potential for expansion into the upper attic space. In addition, an approx. 17 m² roof terrace above the garage is available.
The building dates from 1951, although part of the basement was already built as a vaulted cellar around 1905.
The property requires renovation in terms of its fit-out and is particularly suitable for revitalization to a mid-range standard, as well as for a possible division into condominiums, given the corresponding demand in the neighborhood. Government funding for modernization and conversion into up to 7 residential units is available, increasing the investment's economic viability.
As the house is vacant and has no existing rental agreements, the revitalization could be carried out at short notice in a single phase, in a highly time- and cost-efficient manner, with new, appropriate lease/rental agreements to be concluded.
Estimated revitalization costs range from approx. 250.000,- to 600.000,- euros, depending on the standard and scope selected.
The offer is based on a valuation by a publicly appointed and sworn expert and takes current market conditions into account. It is non-binding and serves as a basis for negotiation; alternative bids will be considered, and the sellers reserve the right to award the property at their discretion or withdraw the offer.
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