| Type | Block of flats |
|---|---|
| Living area approx. | 685 m² |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 17 |
| Plot area | 570 m² |
|---|
| Purchase price | 1.560.000 € |
|---|---|
| Price per m² | 2,277.37 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsListed residential and commercial building in a prime location in the historic old town.
The historic residential and commercial building is located in the heart of Passau’s old town, between the cathedral and the university, and is particularly popular with students.
The listed building currently offers around 555 m² of residential space and 125 m² of commercial space and would benefit from modernization.
After completion of the work, there will be 10 apartments, one 2-person shared apartment and two 3-person shared apartments, as well as 2 commercial units, distributed over approx. 600 m² of residential space and approx. 125 m² of commercial space.
In addition, the property has potential for conversion of the very large and spacious attic (approx. 275 m²).
As part of the work, the relevant section of the building is vacant, meaning that work can begin immediately.
The sale is commission-free and directly from the owner – the otherwise customary estate agent’s commission does not apply.
The property offers attractive depreciation opportunities for investors:
Due to the tax depreciation allowance for listed buildings, the renovation costs can be depreciated over 12 years. In addition, a separate valuation is available that sets the building depreciation period at 14 years, allowing 7.1% p.a. of the building’s share to be depreciated each year.
For further information, I am available at 0172 5602682.
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