| Type | Block of flats |
|---|
| Plot area | 418 m² |
|---|---|
| Usable floor area | 497 m² |
| Purchase price | 199.000 € |
|---|---|
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1070774
The property on offer is a residential and commercial building in a central and highly visible location in Nieheim. The property offers an attractive combination of existing rental income, areas available at short notice, and considerable development potential.
The ground floor contains a spacious, immediately available commercial unit with an area of approx. 147 m². The first upper floor comprises a currently vacant apartment with approx. 213 m² of living space. Due to its size and layout, it would be particularly suitable for division into at least two separate residential units, which could achieve significantly better lettability and an improved income structure.
The attic contains two residential units with approx. 76 m² (left) and approx. 61 m² (right) of living space. The left apartment also has a converted attic space with approx. 26 m² of usable residential space (not official living space), creating an attractive maisonette character. The two attic apartments are currently combined and rented, but could be separated again in the future to create units suited to market demand.
Overall, the existing structure offers diverse opportunities for optimization. In addition to dividing the spacious unit on the first upper floor, residential use of all or part of the ground floor also appears conceivable. With an appropriate reorganization of the floor area structure, the property could in the future be developed into a property with up to six residential units.
The building was constructed in several phases (approx. 1937, approx. 1965, and approx. 1975), with the majority of the current building fabric dating from the extensions of 1965 and 1975. The overall condition can be described as in need of renovation, although maintenance measures have been carried out continuously in the past. These include, among other things, partial work on the roof, renewed display windows in the commercial area, and a modernized entrance door. Heating is provided by a district heating system dating from 2001.
Some of the windows have already been replaced and date from different construction years. Roof insulation has also been installed in the residential areas. The unit on the first upper floor also has a spacious balcony or roof terrace area.
The building has a partial basement. The basement is characterized by particularly high ceilings and therefore offers well-utilizable storage or additional floor space. The property is complemented by a spacious garage integrated into the building.
Overall, this is a property with a sound structural substance, a flexible usage structure and considerable potential for appreciation.
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