13% yield! - Commission-free new-build house with restaurant in the center of Calbe

You will become the commission-free owner of a residential and commercial building in Calbe, partly newly built and partly completely renovated in 1991, with a restaurant on the first floor and a very nice maisonette apartment including a large roof terrace, fireplace, 3 bathrooms and a granny apartment on the 1st/2nd floor.

The house consists of a partially basement and fully furnished restaurant on the first floor. The restaurant was previously used as a Greek restaurant and was last rented out at € 695 cold. All inventory in the restaurant, including kitchen appliances, furnishings and decoration, belongs to the owner and thus becomes the direct property of the buyer. The current value of the inventory is likely to be up to €10,000 and can be included in the purchase contract to reduce the real estate transfer tax. Other local businesses are also interested in renting the space.

On the 1st and 2nd floors there is a 168 sqm maisonette with its own entrance, 6 rooms, 3 bathrooms, fireplace, large roof terrace and granny apartment. The apartment has been rented to a family with three children since 2023 at a rent of €750 and has an above-average standard of furnishings for the local conditions. The apartment can either be rented out again on September 1 at €795 cold or handed over free.

The house is in good condition and has undergone various investments in recent years. In addition to a new maisonette staircase, the tenant in particular has successively renovated the apartment herself. The gas central heating was newly installed in 2017.

The property is in good condition and is therefore an ideal investment. The price has been chosen favorably and offers a buyer excellent opportunities to generate a good cash flow from the property. If re-let at market conditions, a rent of around €18,000 p.a. is possible; the re-letting can be carried out by the previous owner before handover. Converted to the purchase price, this corresponds to a gross rental yield of 13% or a purchase price factor of 7.6.

The residential and commercial building is located at Wilhelm-Loewe-Straße 28 in a central location in Calbe. Wilhelm-Loewe-Strasse is a good location for a restaurant with plenty of footfall and various stores. All facilities for daily needs can be reached in the immediate vicinity. There is also a permanent free parking lot 100m away.

The central micro-location within the city can be described as above-average and thus ensures good long-term rental prospects in the macro-location in the Magdeburg area (the state capital can be reached via the A14 in around 25 minutes).