Apartment building

The apartment building on offer dates from the late 1920s. Its exterior blends in with the neighbouring buildings and stylizes the Westerwald half-timbered building with Art Nouveau elements of the 1920s.
The apartments are solidly furnished. Repairs have always been carried out promptly, so there is no investment backlog. The heating system was completely renewed in 2023. At the price offered and a gross yield of over 5% p.a., the house represents a yield property with a reasonable return on equity or borrowed capital. The location allows for a moderate but steady increase in asset value.
With a lettable area of 225 m2, the house is divided over three floors into three apartments accessible from the stairwell. The apartments are bright and flooded with light. Each apartment has a living room and 2 bedrooms, kitchen/dining room, hallway and bathroom/WC.
The house has been family-owned since 1993. The apartments are rented throughout and have always been vacant for years. The rents charged are below the comparative rents. The current net rental income is around €18 thousand p.a. The ancillary costs are below average and amount to around €1.50/m2 per month.

Nassau is located in the Lahn Valley between the cities of Koblenz,
Bad Ems and Limburg and is nestled on the Lahn. The town is located on the German-Dutch Oranier-Route vacation route. The Bäderstraße connects Nassau, across the Taunus to the Lahn, with the towns of Wiesbaden, Schlangenbad and Bad Schwalbach.

Nassau is home to Nassau Castle, located to the south of the Lahn. It is the eponymous ancestral seat of the Counts of Nassau and thus the common ancestral seat of the Grand Ducal House of Luxembourg and the Dutch Royal House of Orange-Nassau from the House of Nassau.

The property on offer is located in a quiet street, within walking distance of grocery stores, the city center, public transport and the River Lahn.