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 headquarters of the Heinrich Hoffmann company and, after World War II, became the main office 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 state-of-the-art 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 legally approved, bright, and cozy maisonette apartments. The rear facade was repainted and renovated in 2021, 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 of the rental units for conversion into owner-occupied apartments is already in place. All living and commercial spaces in the building are very spacious and stylish, with some featuring decorative stucco ornaments on the ceilings. On the ground floor, there is a privately operated daycare center. A white marble staircase leads to a well-established Thai massage business that has been operating successfully for over 15 years. The second floor, as well as the two maisonette apartments in the attic, are privately rented to financially stable tenants. The annual rental income is €82,920, resulting in an attractive purchase price factor of 17.9% or a yield of 5.6% for this exceptionally representative, modern, and centrally located property. Please also consider my other investment properties listed at Bismarckstr. 47 (Scout-ID 167794322) and Viersener Str. 116 (Scout-ID 167794391).

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