Fully let in a prime location in Cottbus: Listed-yield property with 10 units & depreciation opportunities – Photo 1

Fully let in a prime location in Cottbus: Listed-yield property with 10 units & depreciation opportunities

The advertiser will give you the exact address on request.03046 CottbusBrandenburg
Purchase price
1.597.000 €
TraumImmo ID: T59HQEA
Partner ID: 587382528

Published on 16/09/2026 · Last checked on 20/09/2026

Advertiser:
RegionalImmobilien24

Key facts

TypeBlock of flats
Balcony

Plot area462 m²
Usable floor area795 m²

Purchase price & costs

Purchase price1.597.000 €
Commission5,95%

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About this house

Residential and commercial building in a central location in Cottbus, built in 1911, individually listed monument. The property has a total usable area comprising ten units: eight stylish residential units with a total living area of approx. 673 sqm, as well as two commercial units on the ground floor with approx. 122 sqm of usable space. Plot size 462 sqm, fully basemented, connected to district heating since 2016. Fully let.

The well-designed floor plans and flexible usage options ensure high tenant appeal. Several apartments have their own balconies, some additionally with loggias, noticeably enhancing living comfort in this historic building.

ARCHITECTURE & HERITAGE PROTECTION

This property is a historically significant, Wilhelminian-era rental residential building (built in 1911), whose façade design impressively bears witness to the influence of reform architecture. As an officially individually listed monument of architectural and urban significance (in accordance with the BLDAM heritage register), the building combines historic charm with timeless representativeness.

PROPERTY CONDITION, STRUCTURAL VALUE & AREAS

The property is presented in a continuously and professionally maintained state of preservation. Following a comprehensive refurbishment in 1996, targeted measures were carried out in stages over the years – most recently extensive roof work in 2025. Overall, continuous investments of approx. EUR 612,000 have already been made in the building fabric. These sustainable maintenance measures secure the property’s high structural value in the long term.

The fully basemented building also offers excellent infrastructure: the basement comprises a total of 13 practical storage rooms assigned to the units, as well as separate building services rooms (electricity, water) and a central meter room. Certain areas (such as the interior basement area and the courtyard) were deliberately deferred during the previous measures to leave the new owner room for individual design.

Furnishing and technical details:

Hot water production: Decentralized via district heating apartment substations in each apartment, direct billing between tenants and Stadtwerke Cottbus.

Area and maintenance notes:

Area information: The area figures are based on the rental agreements and handover records. Measurements according to the German Living Space Ordinance or DIN 277 are not available; the figures are provided without guarantee.

Maintenance expenditure: Actual maintenance expenditure was approximately EUR 2.75/m² in 2024. For 2025, according to the final Settlement at approximately EUR 14.64/m² including the completed roof renovation (approximately EUR 5.89/m² without this roof work). The roof renovation was carried out and fully paid for in 2025; the costs are included in the EUR 14.64/m² figure and will not be incurred again by the purchaser. Future expenses may differ from this.

TAX HIGHLIGHTS AND DEPRECIATION OPTIMIZATION

Due to its status as a listed individual monument, the property may offer the purchaser attractive tax planning opportunities to optimize the net return after taxes:

Special depreciation allowance for renovation measures (§ 7i EStG): Future modernization and renovation measures carried out in coordination with the monument protection authority may be depreciated at an increased rate for tax purposes, subject to the statutory requirements.

Potential to increase building depreciation through a shortened remaining useful life: The actual remaining economic useful life can be reviewed by means of a separate expert report pursuant to the ImmoWertV. If a shortened remaining useful life of the building component is demonstrated in this process, there may be an opportunity to adjust the regular annual depreciation rate.

Note: The tax assessment is the responsibility of the purchaser in each individual case. All information does not constitute tax or legal advice and is provided without guarantee.

INCOME STRUCTURE & LEASE AGREEMENTS

Net cold rent under the current lease agreements (as of 01/09/2026, including adjustments that became effective in 2026): approximately EUR 70,200 p.a.

Lease structure:
Six of the eight residential leases are index-linked leases pursuant to § 557b BGB; two follow the customary local comparative rent pursuant to § 558 BGB. Both commercial leases contain value-maintenance clauses. No stepped-rent leases exist.

OTHER

The building is exempt as a listed monument from the obligation to submit and display an energy performance certificate pursuant to § 79 para. 4 sentence 2 GEG. The energy performance certificate was prepared voluntarily.

CONTACT

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Advertiser:
RegionalImmobilien24
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