8.5% rental yield ? Apartment building in Hof-Krötenbruck

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Property Description

Property number: H-1139 - 8.5% rental yield ? Apartment building in Hof-Krötenbruck

This fully rented apartment building was built in 1956 using solid construction. Today, the building has a total rentable area of approx. 350 m², which is currently divided into 5 residential units and a commercially rented unit leased on a long-term basis. On the ground floor there is a retail shop of approx. 80 m², which is rented on a long-term lease to a snack bar. Opposite the hospital, a perfect location. There is also a unit of approx. 40 m² here. On the 1st floor there is a residential unit of approx. 100 m² and on the 2nd floor two residential units of approx. 40 m² and approx. 60 m². In the attic there is also an apartment of approx. 30 m². All units are rented and generate total rental income of approx. 26,880 euros/year, which corresponds to a current rental yield of significantly over 8.5 percent. The approx. 410 m² plot has an inner courtyard and a garage. In the basement are the heating system and possible storage rooms. The property is heated by a gas central heating system from 2021. The energy demand of this property is stated as 156.6 kWh/(m²a); this corresponds to energy efficiency class E. The energy certificate is valid until 14.10.2034.

Further information, additional photos and detailed documents are available on request.

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