| Plot area | 517 m² |
|---|---|
| Usable floor area | 1250 m² |
| Purchase price | 700.000 € |
|---|---|
| Commission | 49980,- € |
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 assumptionsFor sale is a six-storey, listed residential building from 1888 in a central location in the Magdeburg district of Altstadt. Located directly on the Elbe, the property comprises a front building in solid construction as well as two side buildings and a rear building on a plot of just under 520 m². The total usable floor area amounts to around 1,250 m², divided into 30 residential units.
The current condition of the building requires comprehensive modernization, which at the same time forms the basis for significant value appreciation potential. After completed renovation, an above-average rental price level can be expected due to the exposed location and the historic character of the property. Heat supply can be implemented flexibly via a central heating system or via a contracting model.
As a registered cultural monument, the property benefits from increased tax depreciation of 2.5% annually. This results from the year of construction before 1925, which significantly improves the investment calculation for capital investors and thus offers an attractive entry into a project with clear appreciation potential.
In addition, the property opens up further strategic options:
- Re-letting after modernization at market rents
- Division into condominiums with subsequent individual sale
- Possible attic conversion to create additional living space
This offer is aimed at experienced investors and project developers seeking to acquire a historic listed building with substantial development potential in one of the fastest-growing cities in Central Germany.
Note: The yield figures are based on a calculated target rent of 9.00 €/m². Ancillary acquisition costs and investments are not included.
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The Künne Immobilien Group is a professional service provider in the real estate sector and is at your disposal in the areas of project development, sales, letting, management and facility management.
For further information and insights, visit our homepage: www.kuenne-gruppe.de Do you want to sell your property? Whether apartment building or detached house, condominium, plot of land or new-build/developer project. We broker your property competently, transparently and quickly, nationwide.
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