Well-maintained residential complex with fixed rent until the end of this year

Well-maintained residential complex with fixed rent until the end of this year

Rented living space: 898 m²

An optional extension of around 155 m² of living space by extending the attic or adding a staggered storey is permitted by the development plan and confirmed by the building authority.

Plot area: 1467 m²

Quality of the fittings: normal

Rental income p.a. is: (3.70 €/m²) 40,666.20 €

After expiry of the commitment period (01.01.2025), an average local rent of € 6.70/m² is to be achieved for new rentals.

The residential complex consists of a semi-detached house with a pitched roof and comprises 12 apartments, 3 garages and 8 parking spaces.
The property was built in 1972 in solid construction and is in a well-kept condition. The total living space of 898 m² is divided into six apartments of 70 m², three apartments of 85 m² and three further apartments of 74.2 m². All apartments have a south-facing balcony.
The heat and hot water supply for each of the two houses is provided by a central oil heating system.

The complex is in an unobstructed and well-kept condition. In the future, it is possible under building law to extend the attic or build a staggered storey.

The property is centrally located in the spa town of Bad Driburg at the end of a cul-de-sac with a view of the Iburg.

The town center is within walking distance, as is the count's spa park.
Doctors, stores, the train station and bus stops are just a few minutes' walk away. Infrastructure (within a radius of up to 1.0 km): Pharmacy, discount grocery store, general practitioner, public transportation

Bad Driburg is located in the district of Höxter, in the east of the state of North Rhine-Westphalia. The town of around 18,500 inhabitants lies to the east of the Eggegebirge mountains in the Teutoburg Forest / Eggegebirge nature park. Bad Driburg is known for its spa, the Gräflicher Park, wholesale trade and the carbonic acid industry.