| Living area approx. | 390 m² |
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| Plot area | 124 m² |
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| Purchase price | 2.899.000 € |
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| Price per m² | 7,433.33 €/m² |
| Commission | 5,95% (5,95 % inkl. 19% gesetzl. MwSt. vom Kaufpreis.) |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsThe most important aspects are already in place: the condominium separation has been approved and the loft conversion has been approved under building law. This eliminates the greatest uncertainties and makes this Art Nouveau apartment building in the sought-after Uhlenhorst location a rare, immediately configurable opportunity with genuine potential for increasing income and value. A complete 3D survey from 2023 provides certainty regarding floor areas and conversion planning right from the start.
Units:
Five spacious apartments, whose layouts are ideally suited to shared accommodation, form the foundation together with a flexibly usable commercial unit in the basement level. This unit is currently being re-let or can be handed over vacant upon request, depending entirely on what suits your concept.
CURRENT STATUS:
Basement level (commercial), approx. 79 m²: currently vacant, re-letting in progress or vacant handover possible
Raised ground floor, approx. 70 m²: rented, net cold rent approx. €664.68
Upper floor, approx. 90 m²: rented, net cold rent approx. €823.19
Upper floor, approx. 80 m²: rented, net cold rent approx. €664.68, with potential for new letting
Upper floor, approx. 95 m²: rented, net cold rent approx. €580.32, with potential for new letting
Upper floor/loft, approx. 55 m²: rented commercially for a fixed term or vacant, net cold rent approx. €900.00 plus 19% VAT
Upon reletting, the layout is ideally suited to shared accommodation rental at €800 or more per room. We have therefore prepared a TARGET calculation for annual net cold rent (JNKM) and rental areas. The approved expansion of the floor area in the loft and basement level results in a rentable area of approx. 520 m².
TARGET calculation:
Basement level, approx. 89 m²: €1,000 (including expansion)
Raised ground floor, approx. 70 m²: €664.68 (existing rent retained)
Upper floor, approx. 90 m²: 4 x €800 = €3,200
Upper floor, approx. 80 m²: 4 x €800 = €3,200
Upper floor, approx. 95 m²: 4 x €800 = €3,200
Upper floor/loft, approx. 95 m²: 4 x €800 = €3,200 (including expansion)
TARGET JNKM = €173,576.16
Income potential:
The current rents are significantly below market level and offer considerable potential for increases. The apartments are in very well-maintained condition, and demand for housing in Uhlenhorst remains consistently high. This investment promises long-term income and an attractive return.
Future security:
The location, building substance and existing building rights make this apartment building a stable, future-proof investment. Consistently high demand and the diverse possible uses of the commercial unit ensure sustainable appreciation in value.
Additional information:
Certificate of separate ownership is available; building permit for the attic conversion has been granted. Property fully 3D-surveyed in 2023 for reliable floor areas and simplified renovation planning. Apartments can be subdivided if required.
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