| Type | Block of flats |
|---|---|
| Living area approx. | 612 m² |
| Rooms | 17 |
|---|
| Plot area | 131 m² |
|---|---|
| Usable floor area | 612 m² |
| Purchase price | 880.000 € |
|---|---|
| Price per m² | 1,437.91 €/m² |
| Commission | 5,95% (5,95 % inkl. 19 % gesetzlicher MwSt. vom beurkundeten Kaufpreis. Zahlbar und fällig nach erfolgter Beurkundung.) |
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More financing calculators and assumptionsThe well-maintained residential and commercial building, built in solid construction in 1953 and fully basemented, is located in a central and good location in the popular city center.
The property comprises a total of five residential units and three office units, which are distributed over a total rentable residential area of approx. 612.00 m².
The residential units, approved under building law and in their current use (subject to review of the building file), are generally in good condition and are currently fully rented.
The property is heated by a gas central heating system (year built 2003). Hot water is provided by instantaneous water heaters. Downpipes, risers and electrical installations are predominantly in good condition.
The current owner has managed the building himself to date and has continuously maintained it. In addition, investments have been made in recent years. The building shows no apparent backlog of maintenance.
In addition to the heating system renewed in 2003, the windows in the stairwell were replaced in 2017. The apartments were successively renovated when tenants changed. The roof was only renovated in 2011. The insulation and roof covering were also renewed at that time.
Due to the good micro-location, the attractive room layouts, as well as the selective tenant selection, the tenant structure can be described as good and homogeneous, and turnover is correspondingly low.
Due to the underdeveloped actual rents for the apartments, there is attractive potential for development and rent increases.
The property is ideally suited for a portfolio holder who optimizes the existing potential in the long term. Residential privatization would also be conceivable.
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