| Type | Block of flats |
|---|---|
| Living area approx. | 360 m² |
| Bedrooms | 8 |
| Rooms | 14 |
|---|---|
| Bathrooms | 7 |
| Plot area | 635 m² |
|---|---|
| Usable floor area | 550 m² |
| Purchase price | 159.000 € |
|---|---|
| Price per m² | 441.67 €/m² |
| Commission | 3,570% (3% zzgl. MwSt.) |
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More financing calculators and assumptionsFor sale is a very well-maintained and charming residential and commercial building in a central downtown location in Crimmitschau. The building was constructed in 1890 and is situated on a plot of approximately 635 m², with ideal street access. At the time, the property was known as the hotel "Stadt Dresden", which underscores the historic character and the special charm of the house. The property was extensively renovated in 1997 and remains in very good condition to this day.
The property offers a total residential and commercial area of approximately 600 m² as well as 150 sqm of additional usable space. The annual cold rent amounts to 18.276 thousand euros and offers a yield of 8.3%. Higher rental income can be achieved by completing the two apartments in need of renovation.
The building materials already available for this purpose are ideally suited for completion and may gladly be used.
As demand for large living space in Crimmitschau is very high, it would be advisable to convert the commercial space on the ground floor into residential space, e.g. 2 apartments. There is also the possibility of applying for funding for the conversion.
The combination of a central location, residential and commercial use, and existing development potential makes this property an attractive investment in Crimmitschau.
Parking spaces can be found immediately near the building.
The offered price of the property is negotiable.
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