Profit-generating residential and commercial building in an up-and-coming municipality (13 times annual rent)

Information

Selling Price & Extra Costs

About this dream investment property

Property Description

Construction phases
· 1934: Original new build
· 1938: Conversion
· 1949: Conversion
· 1952: New build/addition on the right
· 1955: Raising of the workshop
· 1959: Conversion
· 1965: Expansion of storage
· 1990: Conversion of storage area into apartment

The offered residential and commercial building in a central location in Blankenrath presents itself as a high-yield investment property with a total of nine units – including six residential units and three commercial units. The building was originally erected in 1934 and was expanded and converted several times over the decades, so that today a lettable area of around 855 m² is available.

The property is almost fully let and currently generates an annual net rent of €53,464.80. At full occupancy (including the currently unused storage area on the ground floor), an annual return of around €60,000 is realistic. This corresponds to a target yield of 8.63% with an attractive factor of 11.58.

The tenant structure is solid and consists of both private tenants and long-established commercial tenants, including a travel agency and an insurance company. Thanks to partially staggered lease agreements, a sustainable increase in income can also be expected.

There are also development prospects for investors: the currently vacant storage area of approx. 154 m² can either be re-let or converted for alternative uses. Through targeted modernization and adaptation to today's standards, rental income can be further optimized.

With its central location in the town, solid tenant structure, and good relationship between purchase price and income, this property represents an interesting opportunity for investors and long-term holders who value long-term stability and development potential.

Location