Residential and commercial building Karlsruhe-Daxlanden – 6 residential units + gastronomy, approx. 5.5% yield

Key facts

Purchase price & costs

About this investment property

In Karlsruhe’s Daxlanden district stands a building that is more than an address: a solid, modernized house from 1956 with approximately 500 square meters of residential and commercial space – established, well-conceived, and with genuine potential. The plot covers approximately 559 square meters in a mixed-use area, allowing both residential and commercial uses and giving the property particular flexibility. The house extends over four levels – ground floor, upper floor, attic, and converted roof peak – and comprises 6 residential units as well as a gastronomy unit on the ground floor that is already rented out. Anyone investing here is acquiring a property that already combines residential and commercial use. The approximately 434 square meters of living space are distributed across these four levels and offer generous room for a wide range of usage concepts. In addition, there is the approximately 66-square-meter gastronomy space on the ground floor, which is already rented out. The building has a full basement, providing valuable storage space as well as additional usage possibilities. The features are solid and well maintained: tiled and stone floors, bathrooms with showers, bathtubs, and windows, as well as gas-based heating by floor, ensure everyday comfort. Parking spaces in the open parking area practically round off the offer. The property also has an already approved change of use from 2017: it provides for converting the former restaurant space on the ground floor into an additional residential unit, as well as adding balconies on the upper and attic floors and terraces on the ground floor. If this approved plan were fully implemented, the living space would increase by around 105 square meters to a total of 539.50 square meters – an increase in value already approved by the authorities for the new owner. The energy performance certificate states a consumption rating of 122.81 kWh/(m²·a), efficiency class D – a realistic value for a building of this age, while also leaving room for energy improvements and giving investors and owner-occupiers the opportunity to increase the value in a targeted manner. The location in Karlsruhe-Daxlanden combines quiet living with good access to the city center. Shopping facilities, public transport, and social infrastructure are nearby, without everyday life becoming hectic here. A property with substance – and a future. The purchase price is 1,580,000 euros. Based on the current This results in a gross rental yield of around 5.5% p.a. based on cold rents. There is already an interested party for the restaurant unit who would rent it at a significantly higher rent; if this potential is realised, the gross rental yield would increase to around 6.7% p.a. We would be pleased to provide you with further information or arrange a viewing appointment.

Location