- Immobilien
- Mecklenburg-Vorpommern
- Kreis Rostock (Landkreis)
- Papendorf
- Profitable residential and commercial building in a prime location in the Hanseatic city of Rostock.
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Profitable residential and commercial building in a prime location in the Hanseatic city of Rostock.
Satower Straße 163, 18059 Rostock (Südstadt) – Mecklenburg-VorpommernThis property is a building with a history. The former "Waldrestaurant" (forest restaurant) had a number of unique features when it was built. Older residents of Rostock know it as "Zum Schuster" (at the shoemaker's). The building comprises a total of 7 apartments spread across three floors. A commercial unit, which has been rented to the same tenant for over 20 years, is located on the property's parking lot. All garages and potential advertising spaces have been rented out. The rental income can certainly be further increased.
Are you interested in this offer?
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Object Number
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OM-467949
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Object Class
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Apartment building or investment property
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Object Type
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Residential and commercial building
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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2.000.000 €
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Purchase additional costs
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approx. 143,391 €
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Total costs
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approx. 2,143,391 €
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Price per m²
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2,190.00 €
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Operating costs allocated p.a.
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45,000 €
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Breakdown of Costs
* 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: 7,360€
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Details
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Condition
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Modernized
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Year of last modernization
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2013
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Number of floors
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3
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Commercial area
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540 m²
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Total area
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913 m²
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Number of garages
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2
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Number of parking lots
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16
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X-times rental income
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17.00
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Number of units
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12
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Flooring
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Laminate, Tiles
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Heating
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Central heating
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Year of construction
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1930
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Equipment
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Balcony, Basement, Full bath, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Public transport
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Information on equipment
All rental units are continuously occupied. Vacancies have never occurred due to a lack of interested tenants; the only exceptions were for renovation purposes during re-letting, which would occasionally involve a month of vacancy in the respective unit. The property was managed by the owner. There have never been, and currently are not, any legal disputes with tenants or neighbors.
Location
This property in Rostock is well-known to many. It's located on the northwestern outskirts of the Hanseatic city. Satower Straße is one of the busiest roads in Rostock. It leads out of Rostock to the A20 motorway, the northwestern new development areas, and further on to Warnemünde, as well as the western areas surrounding the city of Rostock. This property benefits from a well-developed environment and infrastructure. In the immediate vicinity, you'll find a gas station, a LIDL supermarket, and numerous buildings belonging to the University of Rostock. Also nearby are Barnstorf Forest, the Rostock Zoo, and the Rostock veterinary clinic. The Süd Hospital and the University Hospital, with almost all departments, are also potentially within walking distance.
Location Check
Energy
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Main energy source
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Gas
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Miscellaneous
The property will be transferred free of encumbrances. Any existing charges will be deducted from the purchase price. Viewings can be arranged with me. The property is being offered for sale immediately, solely due to the owner's age. Further documents, such as floor plans, photos, and documents related to the rental, are available, but will not be published here. These will be provided to any potential buyers upon request.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Topic portals
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