| Living area approx. | 208 m² |
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| Plot area | 503 m² |
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| Usable floor area | 1065 m² |
| Purchase price | 335.000 € |
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| Price per m² | 1,610.58 €/m² |
| Commission | 3,57% (3,57% inkl. Mwst.) |
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More financing calculators and assumptionsIn a prime location in the Hermeskeil pedestrian zone, this residential and commercial building is situated on a plot of approx. 503 m². With a total area of around 1,000 m² and versatile development potential, the property offers interesting prospects for investors, owner-occupiers and project developers.
The commercial unit extends across the basement, ground floor and 1st upper floor and comprises approx. 800 m² of sales area. The ground floor and the 1st upper floor are air-conditioned. A prepared elevator shaft allows for the subsequent installation of an elevator.
Particularly noteworthy is the potential to convert the existing commercial spaces into residential space. In view of the generous areas, there is the opportunity to develop alternative residential concepts and put the property to a new use. Conversion into office space or a combination of different types of use is also conceivable. The specific implementation is subject to review under building law and technical assessment.
On the 2nd upper floor there is an apartment of approx. 200 m², which is currently also vacant and is available both for owner-occupation and for individual redesign. Further expansion potential is available.
A separate side entrance from Alte Poststraße provides access to all floors and offers additional flexibility for the future use and division of the building.
An additional source of income is the radio tower located on the building. The associated lease runs until 31.12.2039 and generates annual income of €5,796.00 plus statutory VAT. The heating system was renewed in 2004; the eight heating oil tanks with a total capacity of 6,400 liters were replaced around 2019.
The combination of a central downtown location, generous floor space and, in particular, the potential to create residential space makes this property an interesting opportunity with diverse development possibilities.
Further information is gladly available upon request.
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