| Living area approx. | 371 m² |
|---|
| Rooms | 10 |
|---|---|
| Bathrooms | 3 |
| Plot area | 120 m² |
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| Purchase price | 1.149.000 € |
|---|---|
| Price per m² | 3,094.87 €/m² |
| Commission | 3,57% |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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This residential/commercial building in a prime central Detmold location combines historic architecture with commercial and residential space. Situated on a plot of approx. 120 m², it offers approx. 371.26 m² of lettable space across five levels, including approx. 217.70 m² of residential space and approx. 153.56 m² of commercial/usable space.
The property is laid out as follows:
• Commercial space, basement/ground floor: approx. 153.56 m² | 2 areas, kitchen, 2 WCs | rented
• Apartment 1 – 1st floor: approx. 83.15 m² | 3 rooms, kitchen, bathroom, WC | rented
• Apartment 2 – 2nd floor: approx. 81.80 m² | 3 rooms, kitchen, bathroom, WC | rented
• Apartment 3 – attic: approx. 52.75 m² | 2 rooms, kitchen, bathroom | rented
The fully rented property generates net annual rent (excluding utilities) of €74,880.00, equivalent to an average of €6,240.00 per month. At a purchase price of €1,149,000.00, this equates to a gross yield of 6.51% or a gross multiplier of 15.33. Additional, irregular turnover-based payments from the commercial unit are not included; details are available on request.
Originally built around 1800, the building was almost entirely renovated around 1975. Parts of the load-bearing timber-beam structure were retained. The façade and roof are listed; enhanced depreciation may be available for qualifying heritage-preservation work.
Most of the windows were replaced in 2024/2025; three more are still to be replaced. Fire protection measures on the ground floor were updated. The 1975 roof is in good condition. The electrical system and water pipes date mainly from 1975 and have been partially updated.
The building is heated by district heating, with a nearly new system (built in 2024) in excellent condition. Instantaneous water heaters supply all apartments with hot water.
The property is currently held under a leasehold arrangement. However, the entire package, including the plot, is being sold; its acquisition is already included in the purchase price.
Further information and photos are available on request.
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