| Living area approx. | 452 m² |
|---|
| Plot area | 180 m² |
|---|---|
| Usable floor area | 681 m² |
| Purchase price | 755.000 € |
|---|---|
| Price per m² | 1,670.35 €/m² |
| Commission | 5,95% |
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More financing calculators and assumptionsThe fully financed, solidly built (reconstruction) and fully basemented, well-maintained apartment building, constructed in 1949, is located in a central and good location at Im Lörenkamp 5 in the beautiful Gelsenkirchen Old Town.
The property comprises a total of seven residential units and a dental practice, distributed across a total lettable residential and usable area of approx. 681.00 m².
The residential units approved under building law and for their current use are generally in good condition and are currently not fully let. A modernized 3-room apartment with two bathrooms and an attic apartment can be freshly let by the purchaser. The targeted net rent is €6.52 / sqm for the larger apartment and €6.00 / sqm for the smaller attic apartment. However, we can also hand over these units in a rented condition and guarantee the actual rent.
The long-established and well-established dental practice has been a tenant of the unit for decades and occupies the entire ground-floor area and the left-hand unit on the 1st floor. The right-hand unit on the 1st floor is rented by the previous tenant as an archive. Under building law, however, this unit is an official apartment.
Since 01.10.2024, the practice has been rented by a new dentist. The commercial lease has been concluded for a term of 10 years, with a 2 x 10-year option. The rent is fixed until 01.10.2029 and can then be increased based on a value-protection clause (CPI base 10.2024).
The property is heated by gas-based individual floor heating systems of different construction years. Hot water is also supplied by the gas boilers. Downpipes, risers and electrical installations are predominantly in up-to-date condition.
The current owner has previously managed the building themselves and continuously maintained it. The building shows no apparent backlog of renovation. The apartments have been successively renovated when tenants changed.
No building encumbrances or contaminated sites are known.
Due to the good micro-location, attractive 2/3-room layouts, and selective tenant selection, the tenant structure can be described as good and homogeneous; accordingly, turnover is low.
The property is ideally suited to a long-term owner seeking to optimize the existing potential.
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