Art nouveau residential and commercial building in prime location with 8.5 annual cold rents

This property is a residential and commercial building. The last annual rent amounted to € 53,014 (€ 4,417 per month), which corresponds to a purchase price of 8.3 annual cold rents or a yield of 12%. The first floor (110 sqm) and the first floor (200 sqm) had been rented to a notary since 1992, but have now become vacant. The rent was €2,300/month cold.

There are two apartments on the 2nd floor (84 and 78 sqm respectively), which are currently used commercially. On the 3rd floor there is an apartment (82 sqm) that has been rented continuously since 1990 as well as access to a very attractive top floor apartment. This maisonette with fireplace, roof terrace and views over Aue is 155 sqm in size. There is also an outbuilding on the property with a garage (3 parking spaces), a converted multi-purpose room with a bar and toilet and a further apartment (54 sqm) with a large roof terrace. There are 10 parking spaces with a barrier system in the inner courtyard. The property is interesting for owner-occupiers. Parts of the commercial space will be available for use as prestigious office space, practice rooms or conversion into residential space in the course of 2025 after many years of continuous letting.

The property is for sale as we are not in the vicinity as a community of heirs.

The property is located in a quiet side street 2 minutes from the market square. There are parking spaces in the backyard.