Description

Residential and commercial building (7 apartments and 1 commercial space) in a city in the western part of Germany. Price: €2,490,000 Annual rental income: €23,917/year (currently, only 2 apartments are rented out) Rentable area: 1,280 m² (562 m² residential and 717 m² commercial). Currently rented: 297 m². Rental rates range from €5.5 to €8/m². Includes 8 parking spaces and a garage. Development potential: micro-apartments/hotel/student housing, etc. The property has been leased to a bank for 60 years since 1953. 2 contracts with indefinite terms. Photos are not published.