| Type | Detached house |
|---|---|
| Living area approx. | 205 m² |
| Year built | 1890 |
| Bedrooms | 5 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 9 |
| Bathrooms | 3 |
| Plot area | 69 m² |
|---|---|
| Usable floor area | 270 m² |
| Purchase price | 620.000 € |
|---|---|
| Price per m² | 3,024.39 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsCommission-free from private owner: Historic investment property with monument depreciation (former monastery) - 3 residential units + expansion potential in Bamberg-Theuerstadt
PROPERTY DESCRIPTION
For sale is a piece of Bamberg city history: This listed apartment building (ensemble protection, year of construction 1890, former monastery) combines old-building charm with continuous, loving, and documented owner care. The property is located in the heart of the sought-after top location of Bamberg-Theuerstadt, close to the city center and the university.
The building impresses with its solid historic structural fabric. A true highlight in the basement is the historic, excellently preserved vaulted cellar.
The total 205 sqm of living space are divided into three independent, bright units:
- Ground floor (approx. 51 sqm, 2 rooms, kitchen, bathroom): current rent 570 EUR/month. Charming layout. A highlight is the integrated light courtyard with covered terrace as well as a new, insulated soundproof entrance door.
- 1st floor (approx. 59 sqm, 3 rooms, kitchen, bathroom): current rent 540 EUR/month. Attractive layout with strip parquet in the entrance area and professionally restored original floorboards.
- 2nd floor & attic (approx. 95 sqm, 4 rooms, kitchen, bathroom): current rent 850 EUR/month. Spacious, characterful maisonette apartment with a great sense of space.
ADDITIONAL POTENTIAL IN THE VAULTED BASEMENT
The well-kept vaulted basement offers two newly vacated, dry rooms (14 sqm and 11 sqm). These are ideally suited for separate rental as storage, file, or hobby rooms to local residents or commercial tenants (target rent: 60 EUR and 50 EUR / month).
RENTAL INCOME & RETURN POTENTIAL
The property is fully rented for residential use.
- Current rent (residential): 1,960 EUR/month (23,520 EUR p.a.)
- Target rent (incl. basement area): 2,070 EUR/month (24,840 EUR p.a.)
The moderate rent level offers sustainable potential for increases with future re-renting. Perfect as a crisis-proof investment or for medium-term partial owner-occupancy of the maisonette.
TAX HIGHLIGHT FOR INVESTORS (MONUMENT DEPRECIATION)
As a historic listed property, this estate offers excellent tax incentives:
- Increased depreciation: Take advantage of the special depreciation or increased monument depreciation (§ 7i / § 10f EStG) for future preservation, maintenance, and renovation measures.
- Effectively reduce tax burden: Through tax deduction, taxable income can be noticeably reduced. This significantly raises the real net return after tax above the pure rental income out.
CONDITION & SUBSTANCE (COMPLETELY DOCUMENTED)
The substance has been continuously and proactively maintained. A complete folder with all invoices is available for inspection.
- Roof & insulation: Mansard roof extensively insulated and modernized in 2009. [phone number removed]complete new roofing including all gutters.
- Heating & self-sufficiency: Heating via 3 separate gas apartment heaters (1x 2008, 2x 2013; tenants settle directly). All necessary repairs carried out in full, with yearly maintenance above standard.
Special extra: Each of the 3 apartments has its own chimney connection for a wood stove.
- Pipes & windows: Gas and water pipes renewed about 20 years ago. In recent years, pipes professionally cleaned as a precaution. Windows with solid double glazing (ground floor 1970s, 1st floor 1990s, top floor insulated glass from 2004).
- Interior areas modernized in recent years
DATA & FACTS
- Living space: 205 sqm (3 units) + approx. 25 sqm rentable basement area
- Energy certificate: Exempt due to ensemble protection / listed building protection
- Commission-free: Direct sale by the owner (saves approx. 24,000 EUR in purchase ancillary costs)
SALES PROCESS & BIDDING PROCEDURE
The sale takes place in an exclusive bidding procedure against bid.
- Starting price / minimum bid: 670,000 EUR
Viewing appointments are arranged exclusively after submission of a short personal introduction as well as proof of equity or financing confirmation.
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