Straßenansicht
Treppenhaus
Zählerschrank 2021 erneuert
| Type | Mixed residential and commercial building |
|---|---|
| Living area approx. | 584 m² |
| Year built | 1940 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 373 m² |
|---|---|
| Parking spaces | 1 |
| Condition | Well kept |
| Floors in the building | 3 |
| Rental income | 79.339 € |
| Purchase price | 1.530.000 € |
|---|---|
| Price per m² | 2,619.86 €/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 assumptionsLocated in a central position in Velbert, on one of the district’s defining traffic arteries, this mixed-use residential and commercial building combines a highly visible commercial use on the ground floor with residential units above – a proven mix of uses that benefits both footfall and stable rental income.
Built on a 373 m² plot, the building features a solid stone staircase. The nine residential units comprise a balanced mix of 2- and 3-room apartments, equipped with double glazing and central heating. The property is complemented by two retail units and a mobile communications mast, which provides reliable additional rent and reduces the maintenance risk: wear and damage in the area of the installation are contractually borne by the operator.
The property is fully let and therefore generates a solid return from the outset – the annual net cold rent amounts to €79,321. With a target purchase price of up to 19 times the annual net cold rent, this results in an asking price of around €1,530,000, corresponding to a gross rental yield of approximately 5%.
Beyond the existing income, the plot offers additional potential: The construction of a garage on the site is conceivable, which could add another source of income or increase the property’s value.
Conclusion
This property combines a solid income base with stable full occupancy and additional development potential through the possible construction of a garage. Its central location on a busy traffic artery, the balanced mix of residential and commercial uses, and the solid building structure make this property an attractive investment for forward-looking investors – whether as a long-term asset or as part of a portfolio strategy.
• Thermal insulation composite system from 2024
• Roof renovation in 2024
• Fully basemented
• In some cases, generously sized room layouts
• Overall average standard of fittings
• Double-glazed plastic windows
• Mostly contemporary bathroom fittings
• Gas central heating
• Contemporary electrical installations
• Floor plans that are easy to let
• Additional rental income from a mobile communications mast, resulting in a low maintenance risk for the roof
• Solid stone staircase as a sound structural foundation
• Well-maintained external appearance due to the current façade and roof measures
The energy performance certificate is currently being prepared and will be available for the viewing.
The property has been held in the portfolio for many years and is being sold without commission.
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The corner building with the official postal address Wallstraße is centrally located in Velbert-Mitte. While Wallstraße provides the official address, on the opposite side the building borders Langenberger Straße — one of the district’s defining traffic arteries. The corner location thus provides a double street frontage and correspondingly high visibility for the commercial units located on the ground floor. Shops for everyday needs, doctors, banks and access to public transport are within walking distance, meaning that both the residential and commercial units benefit from good infrastructure. The proximity to Velbert city centre rounds off the attractive location profile and makes the location interesting for both tenants and investors.
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