Beautiful prestigious investment property, direct from the owner, commission-free!

Even at first glance, the beautiful Art Nouveau facade of the building is impressive. The building was constructed in 1910 as the founding house of the Heinrich Hoffmann company, and after World War II, it became the headquarters of the world-renowned "Van Laack" company. In recent years, the entire property has been continuously and extensively modernized. For example, a new gas central heating system with the latest efficiency technology was installed, new heating, water, and sewage pipes were laid, and the building's electrical system was modernized. In 2020, the attic was completely renovated, creating two bright and cozy maisonette apartments that have been approved for construction. In 2021, the rear facade was repainted and plastered, and part of the courtyard was repaved. A gated entrance leads to the courtyard, where 5 garages (some with electric roll-up doors) and 7 parking spaces are available to tenants. A declaration of separation for the rental units, with the intention of dividing them into owner-occupied apartments, is already in place. All of the residential and commercial spaces in the building are very spacious and stylish, with some featuring stucco ornamentation on the ceilings. On the ground floor, there is a privately operated daycare center. A white marble staircase leads to a successful Thai massage business that has been operating for over 15 years. The second floor, as well as the two duplex apartments on the top floor, are privately rented to financially stable tenants. The annual rental income is €82,920, resulting in an attractive price-to-yield ratio of 17.9% or a return of 5.6% for this highly representative, modern, and centrally located property. Please also consider my other investment properties listed on Bismarckstr. 47 (Scout-ID 165951149) and Viersener Str. 116 (Scout-ID 165977135).

Very good, central yet quiet location, right next to the pedestrian zone "Hindenburgstraße" and the shopping center "Minto".