*** Multi-family house as an investment with leasehold ***

Key facts

Purchase price & costs

About this house

* * * Apartment building as an investment property * * *

The apartment building, built in 1984, with 4 residential units on a 677 m² plot could be your investment property. The building is located on a leasehold plot owned by the Catholic Church.

The leasehold contract ends on 02.12.2081, so the remaining term is currently still 56 years.

The living space totals approx. 345 m² distributed over 3 floors with a basement apartment.

The apartments are heated with gas central heating and
the basement apartment is supplied with electric heating.

These 4 residential units are divided as follows:

- Basement / basement apartment with terrace / 2 rooms, kitchen, bathroom
- Ground floor with balcony / 4 rooms, kitchen, bathroom with shower, as well as a separate WC
- Upper floor with balcony / 4 rooms, kitchen, bathroom with bathtub and shower, as well as a separate WC
- Top floor 2 rooms, kitchen, bathroom

The basement apartment was completely renovated and re-let.

The rental income currently amounts to approximately EUR 3,290.

The current leasehold ground rent is approx. EUR 4,242.08.

It is only possible to register 80% of the purchase price as a land charge in the land register.
Graduation: 1st land charge with 60%, 2nd land charge with 20%, the 2nd land charge cannot
be disbursed.
10 years before the end of the leasehold contract, the property must be paid off.

In all years divisible by 5, a recalculation of the leasehold ground rent is carried out in January according to the change in the consumer price index using the following formula:

existing leasehold ground rent x new consumer price index
old consumer price index

There is a garage and 4 outdoor parking spaces.
The city lies on the eastern edge of the Upper Rhine Plain on the slopes of the western Odenwald along the Bergstrasse. The next larger cities are Darmstadt (about 22 km north), Heidelberg (about 35 km south), Worms (about 18 km west) and Mannheim (about 32 km southwest). The district town of Heppenheim is about 5 km south.

With approx. 40,000 inhabitants, Bensheim is the largest city in the district and is known as the city of blossoms and wine. You will find a very good educational offering here. Alone 5 different schools lead to the Abitur. Located directly on the A5 and only a few minutes by car from the A67, the city has very good transport connections to the north and south. Cultural offerings are plentiful: theater or variety, museum or Volkshochschule. Indoor and outdoor pool, swimming lake, horse riding or tennis, soccer or golf - a wide range of options for sports enthusiasts too! Shopping opportunities - whether groceries or non-food - can be found in and around Bensheim in great variety.
- Central heating 2000

- separate WC
- shower
- bathtub

- laminate
- tiles
- double-glazed plastic windows (like new)

- balcony
- terrace
- 1x garage (this was recently newly sealed)

- 4x outdoor parking spaces
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Phone: 0176 / 87 61 24 88

All information is based on information provided by the owner. I therefore assume no liability. For further questions and viewing appointments, I will be happy to assist you.

Location