Residential and commercial building in prime location - commission-free! - over 100TEUR rental income

This is a well-let, mixed-use property with development potential in an attractive main location in Geislingen; only approx. 25 m from the Nürtingen-Geislingen University of Applied Sciences (HfWU), Geislingen site, and opposite the main railway station and the bus station. This residential and commercial building was constructed around 1950 and converted to its current state around 2008 and has been continuously maintained since then. The basement and first floor house commercial units: offices in the basement (approx. 134.83 m²) and a store (approx. 135.60 m²) on the first floor. The four-room apartment on the first floor (approx. 126.89 m²), a three-room apartment on the second floor (approx. 127.86 m²) and a nine-room apartment on the third floor (approx. 109.27 m²) were rented out as shared or single rooms. There is a three-room apartment on the top floor with approx. 111.99 m² of living space. Additional rental income is generated by a radio antenna on the roof and storage rooms in the basement. See the well-kept condition for yourself.

The annual rental income amounted to approx. 111,000€ in 2023 and approx. 104,000€ in 2024. This rental income can be significantly increased depending on the concept, e.g. fitter's room, student room, asylum accommodation, etc.
Subdivision with or without refurbishment is also possible.

The offer is rounded off by 5 outdoor parking spaces.
The building is currently mainly vacant in order to create high-quality living space for sought-after rental apartments in a central location in Geislingen as part of the redevelopment area due to come into force in 2026. The local council has applied for refurbishment grants of 70-90% for numerous refurbishment measures, such as the façade.
Of course, the building can continue to be rented out in its current form even without further measures, as there are numerous prospective tenants

Geislingen with its approx. 28,000 inhabitants is located at the foot of the Swabian Alb. The five-valley town, nestled in beautiful countryside, offers various leisure activities such as hikes, excursions and an attractive network of cycle paths. Clubs as well as a beautiful outdoor and indoor swimming pool can also contribute to leisure activities here. There are local kindergartens, all schools and Nürtingen-Geislingen University. All stores for daily needs are within easy reach. Geislingen is connected to the main Stuttgart-Munich railroad line and the A8 highway junction is just a few minutes' drive away.