Historic town house on Neuötting town square - with monument AfA

The historic town house at Ludwigstraße 70, Neuötting is undoubtedly a jewel with a rich history. It was built in the second half of the 15th century and was one of the few buildings to survive the devastating town fire in 1797. The valuable historical significance and the well-preserved building fabric have led to the building being listed and classified as an individual monument as well as an ensemble monument and a ground monument.

There is a small store on the first floor of the townhouse. The upper floors of the building were previously used for residential purposes and are currently vacant.

For the future of the building, an apartment building with a commercial space (store unit) on the first floor is planned. The original layout of the existing building is to be largely retained. The store is to be retained and rented out as a commercial unit.

The building is in good condition given its age. The façade was completely renewed in 2008 and the roof in 2010. In order to meet today's living requirements, the building services should be renewed and the apartments renovated. Due to the listed building status, homeowners have the opportunity to write off construction and planning costs for modernization and repair measures against tax.

DENKMAL-AFA
The preservation and conservation of buildings worthy of protection is actively promoted by the legislator through tax concessions. The German Income Tax Act offers purchasers of listed buildings the opportunity to claim tax deductions for construction and planning expenses for refurbishment measures that serve to preserve or use the building. This allows buyers, whether owner-occupiers or investors, to significantly reduce their income tax burden under certain circumstances.

The prerequisite for the monument depreciation allowance is that the property was purchased before the construction work began, as only the owner and client of the renovation measures are entitled to depreciation. The tax-privileged costs can be depreciated at 100% over twelve years if the property is rented out (eight years at 9% and four years at 7% according to §7h EStG). For buildings that are occupied by the owner, the depreciation amount is reduced to 90% (ten years at 9% each in accordance with Section 10f EStG).

The house is offered free of commission directly by the owner.

The L70 townhouse is situated in an extremely attractive location directly on the historic town square in the middle of the old town of Neuötting, at Ludwigstrasse 70. The street is one of the busiest shopping streets in the entire region. The property is located around 150 meters from the town gate and 200 meters from the parish church. The town hall is also in the immediate vicinity. As a result, the property is in one of the most central and valuable locations in Neuötting.
The advantages of the location are numerous: shopping facilities are in the neighborhood, and schools for all educational groups are within easy reach. There are also various sports and leisure facilities, including an outdoor and indoor swimming pool, all within a radius of less than 5 km. The excellent infrastructure therefore meets all the requirements of an extremely good location.

The transport connections are also excellent. With the direct highway connection to the newly extended A94 or by train, you can be in Munich and at the airport within about an hour.

The town square of Neuötting with its charming, listed old buildings gives the town a special architectural charm. Due to this characteristic, Neuötting is considered an architectural gem and one of the most sought-after excursion destinations and desirable places to live in the entire region. The historic backdrop attracts visitors and potential residents alike.