| Living area approx. | 1109 m² |
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| Rooms | 30 |
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| Plot area | 989 m² |
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| Purchase price | 1.550.000 € |
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| Price per m² | 1,397.66 €/m² |
| Commission | 5,95% |
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More financing calculators and assumptionsAn exciting real estate portfolio is for sale, consisting of two three-story apartment buildings originally constructed around 1928 and 1935. According to the information available, the building with house number 43 was rebuilt in 1951. The extensive offering comprises a total of nine residential units, one commercial unit, and a former pub. The attractive overall package is complemented by two garages, two carports, a conservatory, and the inviting garden areas belonging to the respective houses.
The apartments impress with functional, well-designed floor plans offering living areas between approx. 57 m² and approx. 147 m². They are therefore ideally suited to a wide variety of tenant target groups and form the basis for a long-term, broadly diversified capital investment. The fittings of the residential units are also appealing and solid: the floors are predominantly finished with easy-care laminate, high-quality granite, or classic tiles, while the walls are partly wallpapered or finished with a modern fine plaster. Depending on the apartment, the bathrooms are individual and feature a shower, a bathtub, or a combination of both.
Particularly noteworthy is the enormous potential for appreciation in value of these properties. A real highlight is the conversion, already underway, of the former pub into a spacious residential unit of around 210 m² of living space. Once completed and subsequently let, a substantial additional source of income will be unlocked here. In addition, two of the apartments are currently still occupied by the owners themselves. The owners’ upcoming move-out creates attractive conditions for a market-rate reletting and thus for a significant increase in rental income. Combined with the gradual adjustment of the existing tenancies, there is an opportunity to sustainably increase the property’s economic return. While current annual rental income stands at €62,400, the potential rental volume amounts to €113,400 per year.
To give you a detailed impression of this versatile offering, we will be happy to provide you with comprehensive photo documentation of selected apartments as well as the corresponding floor plans. A detailed breakdown of the current rental income as well as an overview of the work already carried out You will of course receive modernization measures upon request.
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