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Unique, individual monument in a prime location.

Schmeerstraße 3, 06108 Halle (Altstadt) – Sachsen-Anhalt
940.000 €
40
Room
1,100 m²
Living Area
500 m²
Plot Area
Private offer
House
Multi-family house

This charming town house is located in one of the most desirable areas of Halle, just a few minutes' walk from the market square. The property comprises a front building facing the street and a rear building, each with four floors. The ground floor of the front building features a commercial unit with a storefront, ideally suited for retail or service businesses. The upper floors are currently used for residential purposes, and the attic offers attractive potential for further development. The property is currently only partially rented, which simplifies the possibility of reconfiguring the use of the space and undertaking future renovation work. The front building is in need of renovation, while the rear building requires significantly more work. A comprehensive modernization has not yet taken place, except for the replacement of the windows in the front building over 30 years ago. The building is heated by gas-fired boilers, and the facilities no longer meet current standards. The building's most notable features are its impressive, historic facade and the spacious, stylish entrance hall, which give the building its distinctive old-world charm. The property is located in a formally designated urban renewal area of the city of Halle (Saale), which may offer attractive tax depreciation opportunities under sections 7h, 10f, or 11a of the German Income Tax Act (EStG). Thanks to its central location, architectural quality, and development potential, this townhouse represents an excellent investment opportunity in one of the most sought-after inner-city areas of Halle.

Are you interested in this house?

Object Number
OM-446753
Object Class
House
Object Type
Multi-family house
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
940.000 €
Purchase additional costs
approx. 58,490 €
Total costs
approx. 998,489 €

Breakdown of Costs

Purchase price 940.000 €
Real estate transfer tax 47,000 € (5.00%)
Notary costs 7,592 € (0.81%)
Land register entry 3,898 € (0.41%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 3,509€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.60%

Details

Condition
In need of renovation
Monument protection object
Yes
Number of floors
4
Flooring
Laminate
Heating
Floor heating
Year of construction
1900
Equipment
Basement
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

The building's condition is typical of a classic, unrestored old building, and therefore requires significant modernization. Currently, the house has gas-fired heating systems on each floor, and otherwise features a largely basic standard of fittings without any modern elements.

A comprehensive renovation has not yet been carried out; only the windows in the front of the building were replaced over 30 years ago. Therefore, the property offers ideal conditions for a complete modernization and individual redesign as part of a planned revitalization project.

Due to the need for renovation, there are numerous opportunities to bring the building up to a modern standard, both technically and aesthetically, and to adapt it to current living and usage concepts.

Location

The property is located in an absolutely prime location in the heart of Halle's city center, just a few steps from the market square. It is situated on one of the city's most popular shopping and business streets, which benefits from high foot traffic and excellent visibility. Numerous retail stores, cafes, restaurants, and convenience stores for daily needs are located in the immediate vicinity. The social infrastructure is also excellent, with schools, kindergartens, doctors, pharmacies, and the post office all within easy walking distance. Public transportation links are ideal, with tram and bus lines stopping directly outside, ensuring quick access to all parts of the city. While the front building benefits from the vibrant, urban atmosphere and high foot traffic, the rear building is located quietly in the courtyard and is largely shielded from noise. This creates an attractive combination of central city living and a sense of tranquility. The location is one of the most sought-after addresses in Halle and offers excellent conditions for both long-term residential use and a successful commercial venture.

Location Check

Eating Out
100m
Shopping
50m
Culture
100m
Sports
350m
Health
150m
Child Friendliness
150m
Nightlife
100m
Public Transport
200m
Nature
250m

Energy

Main energy source
Gas

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Miscellaneous

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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Offer from: Thomas Kochmann