| Type | Block of flats |
|---|---|
| Living area approx. | 205 m² |
| Year built | 1890 |
| Bedrooms | 5 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 9 |
| Bathrooms | 3 |
| Heating | Self-contained central heating |
| Fuel type | Gas |
| Plot area | 70 m² |
|---|---|
| Condition | Well kept |
| Floors in the building | 4 |
| Usable floor area | 205 m² |
| Purchase price | 570.000 € |
|---|---|
| Price per m² | 2,780.49 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsNo commission from private seller: Historic investment property with heritage tax depreciation (Former monastery) - 3 residential units + expansion potential in Bamberg-Theuerstadt
PROPERTY DESCRIPTION
A piece of Bamberg’s urban history is for sale: This listed multi-family house (ensemble protection, built in 1890, former monastery) combines old-building charm with continuous, loving and verifiable owner maintenance. The property is located in the heart of the sought-after, centrally located and university-adjacent prime location of Bamberg-Theuerstadt.
The building impresses with its solid historic fabric. An absolute highlight in the basement is the historic, exceptionally well-preserved vaulted cellar.
The total of 205 sqm of living space is distributed across three self-contained, bright units:
- Ground floor (approx. 51 sqm, 2 rooms, kitchen, bathroom): Current rent EUR 570/month. Charming layout. Highlight is the integrated courtyard of light with covered terrace, as well as a new, insulated soundproof apartment entrance door
- 1st upper floor (approx. 59 sqm, 3 rooms, kitchen, bathroom): Current rent EUR 540/month. Bright apartment with appealing floor plan.
2nd upper floor & attic (approx. 95 sqm, 4 rooms, kitchen, bathroom): Current rent EUR 950/month/with kitchen. Spacious, characterful maisonette apartment with a wonderful sense of space.
VAULTED CELLAR
2 additionally rented cellar rooms
RENTAL INCOME
- Current rent (residential + cellar): EUR 2,160/month (EUR 25,920 p.a.)
The moderate rent level offers sustainable potential for increases upon future re-letting. Perfect as a crisis-proof investment or for medium-term partial owner-occupation of the maisonette.
TAX HIGHLIGHT FOR INVESTORS (HERITAGE TAX DEPRECIATION)
As a historic listed property, this estate offers excellent tax incentives:
- Increased depreciation: Take advantage of the special depreciation allowance or increased heritage-property depreciation (§ 7i / § 10f EStG) for future preservation, maintenance and renovation measures.
- Effectively reduce tax burden: Claiming these expenses for tax purposes can noticeably reduce taxable income. This significantly raises the actual net return after tax beyond the pure rental income.
CONDITION & BUILDING FABRIC (FULLY DOCUMENTED)
The building fabric has been continuously and proactively maintained. A complete file containing all invoices is available for inspection.
- Roof & insulation: Mansard roof extensively insulated and modernized in 2009. Complete reroofing including all gutters in 2009-2012.
- Heating & self-sufficiency: Heating via 3 separate gas-fired floor heating systems (1x 2008, 2x 2013; tenants settle bills directly). Annually Maintained to an above-standard level, with all necessary repairs carried out in full.
Special extra: Each of the 3 apartments has its own chimney connection for a wood-burning stove.
- Utilities & windows: Gas and water pipes replaced approximately 20 years ago. In recent years, the pipes have been professionally cleaned as a precaution. Windows with solid double glazing (ground floor from the 1970s, 1st floor from the 1990s, attic floor insulating glass from 2004).
- Interior areas modernized in recent years
DATA & FACTS
- Living space: 205 sq m (3 apartments) + approx. 33 sq m of rentable basement space
- Energy certificate: Exempt due to ensemble protection / heritage protection
- No commission: Direct sale by the owner (saves approx. EUR 24,000 in ancillary purchase costs)
SALES PROCESS
- Starting price / minimum bid: EUR 570,000
Viewing appointments are arranged exclusively after submission of a brief personal introduction and proof of equity or financing confirmation.
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Central location in Bamberg Theuerstadt, close to the city center and train station
620.000 € No commission from private seller: Historic investment property with listed-building depreciation (former monastery) – 3 residential units + expansion potential in Bamberg-Theuerstadt96050 Bamberg– Bamberg
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