#student house # 14 rooms #core refurbished #5.7% yield #top tenant structure # sought-after location

The 6-party house on offer was extensively renovated in 2015 and is in very good condition without any renovation backlog.
The entire property is let to a total of 14 students / young academics on the basis of single-room rental agreements.
The property can therefore be developed as required. The average rental period is approx. 1.5 years.
The garage and 5 cellar rooms are rented separately.

Technical condition:
- Gas central heating incl. hot water preparation, low temperature Buderus
- new electric meter cupboard
- new waste water pipes
- New heating and water pipes
- New gas installation
- New electrical distribution boards in each residential unit
- Completely new electrical installation in each residential unit
- Central satellite system
- new plastic windows
- new intercom system (Siedle)
- new laminate flooring
- new bathrooms (floor-level showers, designer WC, designer washbasins, towel radiator, safety glass shower screen
- new room doors
- New apartment entrance doors
- new wall coverings (roughcast 2mm, smooth ceiling)
- Fitted kitchens incl. dishwasher, oven, extractor fan and fridge-freezer combination
- Facade renovation in 2022
- Balcony renovation in 2022 (6 balconies)
- New garage door (Hörmann)
- New front door (Hörmann)
- New letterbox system (Renz)

Tenant structure:
The entire property is rented to students and young academics.
- No rent arrears
- No legal disputes
- Deposits available in full
- All tenants speak very good German

Facts and figures:
The property was already divided in 1990 and has a total of 6 land registers. Declaration of division and partition plans available.
The annual basic rent is approx. 60,000 €
This corresponds to a yield of 5.7%
Living space: 364 sqm
Usable area incl. garage: 85 sqm
The property has 4 x 3-room apartments and 2 x 1-room apartments.
There are a total of 14 residential rental agreements, 1 garage rental agreement and 5 separate storage rental agreements for cellar rooms.
The 1-bedroom apartments are fully furnished.
The property also has a large inner courtyard with a green area. This can be assigned to the ground floor apartment and can be accessed directly via the balcony with little effort.

The apartment building is in a central and sought-after location with a wonderful view of the historic city swimming pool (Emma creative center) in a small side street without any through traffic.

For students:
- FH Business / Technology and Design in the immediate vicinity

For commuters:
- 5 minutes by car to the A8 slip road
- 10 minutes' walk to the main train station
- Bus stops

For daily needs in the immediate vicinity
- Hospital
- Enzufer
- Penny market / greengrocer's / kebab store / Chinese / etc.
- EMMA creative center
- Cafe Roland
- Mauritius
- Irish Pub
- City library
- Congress Center

The surrounding area combines urban flair with good infrastructure and a high quality of life:

-Public transportation is within walking distance, giving you quick access to all directions in Pforzheim and the surrounding area.

-You will find shopping facilities for your daily needs in the immediate vicinity: supermarkets, bakeries and small stores are within easy walking distance.

-There are childcare and school facilities nearby, which is a great advantage for families in particular.

-Doctors, pharmacies and other services are available within a short distance, so that short distances are guaranteed and you can do many things without a car.

-Pforzheim offers numerous opportunities for leisure and recreation - parks, green spaces and proximity to the city make this residential area attractive. Typical destinations such as the Wildpark or the Enzauen can be reached quickly.

-The house is located in an urban area with good infrastructure, urban character and short distances - ideal if you want to combine urban life with quiet moments nearby.