| Type | Mixed residential and commercial building |
|---|---|
| Living area approx. | 640 m² |
| Year built | 1912 |
| Available from | sofort |
|---|---|
| Fuel type | Gas |
| Plot area | 953 m² |
|---|---|
| Parking spaces | 8 |
| Condition | Needs renovation |
| Floors in the building | 3 |
| Purchase price | 185.000 € |
|---|---|
| Price per m² | 289.06 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsOffered is an ensemble of buildings requiring renovation in the “urban redevelopment area” (§ 142 BauGB) in the town centre of D-54424 Thalfang, with attractive funding opportunities. The double plot (953 sqm) contains buildings with a potential living area of approx. 640 sqm (plus 85 sqm usable floor area), which can also be expanded (through conversion / extension):
- Residential and commercial building with an urban character, built approx. 1912, living area approx. 265 sqm (partly under sloping ceilings), total usable floor area approx. 320 sqm
- Old bakehouse with approx. 102 sqm usable floor area
- Old solid barn with approx. 107 sqm usable floor area (expandable)
- Old slaughterhouse with a solid concrete ceiling and approx. 194 sqm usable floor area
The buildings were used as a bakery and butcher’s shop and can be restored for residential or commercial use. Given the current building fabric, up to 8 apartments (including studio or loft apartments), offices or small-scale commercial/craft businesses would be conceivable. In addition, there is a small, quiet / sunny-use garden.
A main building (formerly a café) was demolished and, at the same location, a permanently drivable gravel-lawn car park was built, framed by a new natural-stone wall (a total of approx. 8 to 10 parking spaces on the entire property). Among other things, the main building has a natural-gas connection and a new fibre-optic connection. The roofs are predominantly oriented SSW (with regard to possible solar systems).
Depending on future use, the following financial, partly combinable funding opportunities may be considered, among others:
-"Strong Country – innovative, resilient, sustainable" in Rhineland-Palatinate for measures to revitalise town and village centres; funding rate between 40% and 70%
-„Commercial to Residential“ (KfW Programme 266), up to EUR 30,000 per newly created apartment
-Tax depreciation pursuant to §7h EStG (100% over 12 years) due to the formal classification of Thalfang’s town centre as a “redevelopment area” pursuant to § 142 of the German Building Code
-„Funding for the construction of rental apartments“ with Programme 551 through ISB (Investitions- und Strukturbank Rheinland-Pfalz), with a loan interest rate of 1% p.a. and repayment subsidies of up to 35% (with 15% “own contribution”), loans of up to EUR 2,500 per sqm.
-Energy-related measures funded by KfW / BAFA
-Improving quality of life in rural areas with funding through “village renewal” (Bernkastel-Wittlich district) by converting rural building fabric or establishing workplaces close to residential areas; funding amount per individual project up to 35%
-EU LEADER funding through “LAG Erbeskopf” for the further development of rural areas in Europe
Together with the historic building fabric (formerly featuring high-quality fittings), the funding opportunities listed above create an interesting investment property despite, or because of, the need for renovation. Given the size of the plot and its shell-like condition, there is sufficient scope for design with regard to its future use and energy efficiency.
Based on Section 190 of the German Valuation Act (BewG), an asset value of EUR 365,000 was determined (as a guideline value)—deviating from the asking price of EUR 195,000 (negotiable).
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The property is located in the climatic spa and tourist town of D-54424 Thalfang (approx. 1,900 inhabitants), a regional quasi-medium-sized centre in the Hunsrück:
-Located at approx. 450 m above sea level and, for example, approx. 3 to 5 degrees cooler than Trier in summer (important with regard to climate change)
-Extremely low vacancy rate with rents of approximately EUR 8 to 10/sq m
-Approx. 25 minutes by car to Trier, 10 minutes to Hermeskeil / Morbach
-Approx. 35 minutes by car to Luxembourg / 50 minutes to Findel Airport and approx. 25 minutes to Hahn Airport
-Approx. 40 minutes by bus to Trier every hour (Line 800: Trier Central Station – Idar-Oberstein Station (connection to the Saarbrücken – Mainz – Frankfurt railway line))
-At least every two hours, approx. 33 minutes by bus to Hermeskeil or 23 minutes to Morbach on Line 380
-Approx. 20 minutes by car to the Moselle
-The town has 3 supermarkets, a petrol station, restaurants, kindergartens, a primary school and Realschule-plus secondary school, an emergency services station, fire brigade, pharmacy, doctors, 2 banks, physiotherapists, veterinarians, 2 churches, a swimming pool and health centre, fitness studio, tennis and football pitches, car repair shops, etc..
