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Commercial investors and residential property with net annual return 8,39%

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€ 1,596,000 1,711 m² Code DW20285

To INVESTMENT PROPERTY consists of two apartment buildings and commercial unit.

There are in each of the two buildings 6 apartments, in total there are now 12 apartments.
The 4 apartments have been completely renovated in the last 10 months. The electrical systems have been renovated for a total of 6 apartments.

In addition, there is the possibility of extending the attic in 6 apartments with loggias extend to total size of 221 sq.m. An outline planning permission for this is already done by the 25.04.2013.
For the extension of the attic already installed electrical installations.

The rental market Penny existed for more than 20 years and may be ananaiothei by the tenant regularly extended for five years. The lease expires on 31.12.2017.

Last year, Penny Market was renovated by the REWE-Group with a total cost of about Euro 400,000.00, so they are more attractive in the market with its present appearance.

Each apartment has a basement space ..
The apartments have a new door entry system TCS brand.
The double-glazed windows white PVC offers a very high sound and heat insulation.
Location
The property is located south of the city center within walking distance from the main train station. The city center is on foot in 8 minutes.
The campus of the University is just five minutes walk.
Shopping on different kinds of food provide the Penny Market in direct geitoniasi.
.
In addition to
The apartments are predominantly inhabited for decades by the tenants.
The rent from the rental paid on time. Due to the location of the apartments and commercial units are fully leased and may at any future time be rented easily.

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Price per m² € 933
Neighborhood Rest of Rest of Germany (Rest of Germany)
Rooms 13
Construction year 1962
Levels 4
Parking spot Yes
  • Investment
  • Road type: Asphalt