Refurbishment property with attractive funding opportunities

Depending on the future owner's intended use, alternative options to paying the purchase price could be considered, such as a shared or special ownership stake for the seller (e.g., a condominium). We are offering a complex of buildings in need of renovation, located in an "urban redevelopment area" (§ 142 of the German Building Code) in the town center of D-54424 Thalfang, with attractive funding opportunities available. The property consists of a double plot (953 square meters) with buildings offering a potential living space of approximately 640 square meters (plus 85 square meters of utility space), which can also be expanded (through renovation or extension):
- A building with a commercial character, dating back to approximately 1912, with a living space of approximately 265 square meters (partially under the roofline), and a total utility space of approximately 320 square meters.
- An old bakery with approximately 102 square meters of utility space.
- An old, solid barn with approximately 107 square meters of utility space (expandable).
- An old slaughterhouse with a solid concrete roof, offering approximately 194 square meters of utility space.
The buildings were previously used as a bakery and butcher shop and can be restored for residential or commercial use. With the current building structure, it is possible to create up to 8 apartments (including studio or loft apartments), offices, or small businesses/craft workshops. In addition, there is a small, quiet, and sunny vegetable garden. The main building (formerly a café) has been demolished, and in its place, a gravel parking area has been created, enclosed by a new natural stone wall (approximately 8 to 10 parking spaces in total on the property). The main building has, among other things, a natural gas connection and a new fiber optic connection. The roof orientation is predominantly SSW (regarding potential solar panel installations). Depending on the future use, various financial support options, which can sometimes be combined, may be available, including:
- Tax depreciation according to §7h EStG (100% over 12 years) due to the formal classification of the village center of Thalfanger as a "redevelopment area" according to § 142 of the Building Code.
- "Support for the construction of rental apartments" through Program 551 by ISB (Investment and Structural Bank of Rhineland-Palatinate), with an interest rate of 1% per annum and repayment subsidies of up to 35% (with a 15% "own contribution"), loans of up to 2,500 EUR per square meter. - Energy-efficient measures supported by KfW / BAFA.
- Improving the quality of life in rural areas through the "Village Renewal" program (Bernkastel-Wittlich district), which provides funding for the repurposing of existing buildings in villages or the creation of workplaces near residential areas; the level of funding for each individual project can be up to 35%.
- EU LEADER funding 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..