| Type | Mixed residential and commercial building |
|---|---|
| Floor | 3 |
| Living area approx. | 143 m² |
| Year built | 1964 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 115 m² |
|---|---|
| Parking spaces | 2 |
| Condition | Well kept |
| Type of energy certificate | Energy requirement |
| Floors in the building | 3 |
| Energy use (kWh/m² per year) | 177 |
| Rental income | 24.000 € |
| Purchase price | 329.000 € |
|---|---|
| Price per m² | 2,300.70 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsA residential and commercial building is for sale in an attractive yet quiet central location in Emden. The building was constructed around 1964 and has a total of approx. 182 m² of residential and usable floor area.
The property comprises three residential units and one commercial unit of approx. 38 m². Two of the apartments have a balcony. The property also includes two garages and a full basement.
Each apartment has two rooms, a separate kitchen and a bathroom. The units have been partially renovated over the years and are in an overall simple, solid condition.
The commercial unit on the ground floor, measuring approx. 38 m², consists of a sales/office room and a rear area with a kitchen and bathroom including a shower. This allows for a range of possible uses, for example as an office, service business or small craft business.
The building is heated by a gas condensing boiler installed in 2019. The top-floor ceiling is insulated. The house has a full basement.
The current annual net cold rent is around €24,000. The upcoming reletting offers potential to adjust rental income. Based on the current assessment, an annual net cold rent of approx. €27,000 is realistic.
At a purchase price of €325,000, this represents a current gross rental yield of approx. 7.4%, or around 8.3% based on the targeted reletting.
The property is being sold directly by the owner, with no additional buyer's commission.
Features
* approx. 182 m² of residential and usable floor area
* 3 residential units
* 1 commercial unit, approx. 38 m²
* 2-room apartments, each with a separate kitchen and bathroom
* 2 apartments with a balcony
* attic apartment
* 2 garages
* full basement
* gas condensing boiler, built in 2019
* top-floor ceiling insulated
* white bathrooms
* partially renovated apartments
* built around 1964
* energy demand below 170 kWh/(m²·a) according to the energy performance certificate
* central location
* sale with no commission
The apartments are currently being re-let. This gives a buyer the opportunity to acquire the property with a modern rental structure.
The commercial unit can be re-let flexibly. With its sales/office area, kitchen, and bathroom with shower, it is particularly suitable for service providers, offices, insurance businesses, small trade businesses, or other self-employed activities.
Current annual net cold rent: approx. €24,000
Target annual net cold rent: approx. €27,000
Purchase price: €329,000
Current yield: approx. 7.3%
Target yield: approx. 8.1%
Buyer’s commission: €0
The compact plot of only approx. 115 m² may result in a comparatively high proportion of the purchase price being attributable to the building, and thus offer interesting depreciation potential. If a shortened actual remaining useful life can be demonstrated—for example, 20 years—a correspondingly higher building depreciation may generally be possible. The buyer must verify whether this will be recognised for tax purposes on an individual basis.
The property also offers interesting energy-efficiency features: As a terraced house, it adjoins heated buildings on both sides and therefore has two sheltered sides. In addition, the top-floor ceiling has been insulated and a gas condensing boiler was installed in 2019.
Overall, a low-maintenance investment property with an attractive yield, a manageable plot size and interesting depreciation potential.
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The property is located in a central downtown area of Emden. Emden’s pedestrian zone, as well as numerous shops, restaurants and everyday amenities, are in the immediate vicinity and easily reachable on foot.
Despite its central location, the property is in a comparatively quiet residential area, offering an appealing combination of a downtown setting and residential quality.
