The only barrier-free ground floor apartment on the North Sea coast with 3 bedrooms and 3 bathrooms

The BURGHAUS in Grimersum has an interesting history dating back to 1768

Everything has been extensively renovated in the last 4 years.

There are 6 apartments of 28 m² - 190 m² living space available, which can be sold individually
with fitted kitchens and complete furnishings, can be sold as follows:

190 m² first floor apartment (ideal for senior citizens or large families) with 3 bedrooms and 3 bathrooms, open kitchen, living room, adjoining rooms 495,000.00 -- The value of the fitted kitchen with complete furnishings is 120,000.00, so for the IMMOBILIE itself 375,000.00, i.e. only 1,974.00 per m² of living space. Of course, this is also listed in detail in the purchase contract, so that the corresponding land transfer tax is saved. If the property is rented out, a special depreciation allowance of approx. 20,000 p.a. can be made.

Half of the house (especially for investors) with 4 apartments, secure yield from fixed rental of 2 fully furnished apartments and 2 FEWO with a total yield of approx. 6.72% p.a. based on the realistically achievable target rent of 40,000.00 gross, with a purchase price of 595,000.00 here 100,000.00 inventory for 4 apartments, i.e. reduced real estate transfer tax and special depreciation.

Comfortable studio apartment (ideal for families with children) with separate entrance and terrace 195,000.00

Total price 1.250.000,00

Highly interesting tax opportunities.

I am not a tax consultant or lawyer, nor a real estate agent. All information to the best of my knowledge and belief.

It is very nice here in Grimersum. The distances to Greetsiel 6 km, Emden 13 km, Norddeich 18 km. So ideal location, quiet and yet central. Pewsum and Marienhafe are suitable for shopping, each 8 - 10 minutes away by car. There are also doctors and pharmacies here. Hospitals are in Emden, Aurich and Leer. The former Norden hospital is now a health center.
The new central hospital is now being built.