Refurbishment property with attractive funding opportunities

On offer is an ensemble of buildings in need of renovation in the "urban redevelopment area" (§ 142 BauGB) in the center of D-54424 Thalfang with attractive funding opportunities. On the double plot (953 sqm) there are buildings with a potential living space of approx. 640 sqm (plus 85 sqm usable space), which can also be extended (by extension/addition):
- Residential and commercial building with urban character built approx. 1912, living space approx. 265 sqm (partly under pitched roof), total usable space approx. 320 sqm
- Old bakery with approx. 102 sqm usable area
- old solid barn with approx. 107 sqm usable area (extendable)
- old slaughterhouse with solid concrete ceiling with approx. 194 sqm usable area

The buildings were used as a bakery and butcher's shop and can be restored for residential or commercial use. Up to 8 apartments (including studio or loft apartments), offices or small businesses/trades would be conceivable with the current building fabric. There is also a small, quiet / sunny kitchen garden.

A main building (formerly a café) was demolished and a permanent gravel-lawn parking lot was built on the same site, surrounded by a new natural stone wall (a total of approx. 8 to 10 parking spaces on the entire property). The main house has natural gas and a new fiber optic connection, among other things. The orientation of the roofs is predominantly SSW (with regard to possible solar installations).

Depending on the future use, financial, partly combinable funding options include, for example

-Tax depreciation according to §7h EStG (100% in 12 years) due to the formal classification of the Thalfang town center as a "redevelopment area" according to § 142 of the German Building Code, i.e. depending on the marginal tax rate, very fast refinancing of the equity and amortization of a large part of the entire investment; possible tax-free sale after expiry of the 10-year speculation period
-Promotion of the construction of rental apartments with program 551 by ISB (Investitions- und Strukturbank Rheinland-Pfalz) with loan interest of 1% p.a. and repayment subsidies of up to 35% (with 15% "own contribution"), loans of up to EUR 2,500 per sqm.
-Energetic measures subsidized by KfW / BAFA
-Increasing the quality of life in rural areas with support from "village renewal" (Bernkastel-Wittlich district) by converting village buildings or creating new workplaces close to residential areas; funding of up to 35% per individual project
-LEADER funding from the EU through "LAG Erbeskopf" for the further development of rural areas in Europe

The property is located in the climatic health resort and tourist town of D-54424 Thalfang (approx. 1,900 inhabitants), a regional quasi-center in the Hunsrück:
-Lies at approx. 450 m above sea level and is approx. 3 to 5 degrees cooler than Trier in summer, for example (with regard to climate change)
-Extremely low vacancy rate at around EUR 8 to 10 rent/sqm
-Approx. 25 minutes by car to Trier, 10 minutes to Hermeskeil / Morbach
-Approx. 35 minutes by car to Luxembourg / 50 minutes to Findel airport and approx. 25 minutes to Hahn airport
-Approx. 40 minutes by bus to Trier every hour (line 800: Trier main station - Idar-Oberstein station (connection to the Saarbrücken - Mainz - Frankfurt train line))
-At least every two hours approx. 33 minutes by bus to Hermeskeil or 23 minutes to Morbach on line 380
-Approx. 20 minutes by car to the Moselle
-In the village there are 3 supermarkets, petrol station, restaurants, kindergartens, elementary school and secondary school-plus, rescue station, fire department, pharmacy, doctors, 2 banks, physiotherapists, veterinarians, 2 churches, swimming pool and health center, gym, tennis and soccer field, car repair shops, etc..