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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-Vorpommern
2.000.000 €
373 m²
Living Area
2,115 m²
Plot Area
Private offer
Apartment building or investment property
Residential and commercial building

This 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?

Object Number
OM-467949
Object Class
Apartment building or investment property
Object Type
Residential and commercial building
Handover from
By arrangement

Purchase price & additional costs

purchase price
2.000.000 €
Purchase additional costs
approx. 143,391 €
Total costs
approx. 2,143,391 €
Price per m²
2,190.00 €
Operating costs allocated p.a.
45,000 €

Breakdown of Costs

Purchase price 2.000.000 €
Real estate transfer tax 120,000 € (6.00%)
Notary costs 15,494 € (0.77%)
Land register entry 7,898 € (0.39%)
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: 7,360€

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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.52%

Details

Condition
Modernized
Year of last modernization
2013
Number of floors
3
Commercial area
540 m²
Total area
913 m²
Number of garages
2
Number of parking lots
16
X-times rental income
17.00
Number of units
12
Flooring
Laminate, Tiles
Heating
Central heating
Year of construction
1930
Equipment
Balcony, Basement, Full bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Public transport

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

Child Friendliness
250m
Nature
100m
Health
800m
Shopping
100m
Sports
100m
Culture
700m
Eating Out
50m
Nightlife
150m
Public Transport
450m

Energy

Main energy source
Gas

PDF

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!

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Offer from: Arno Krause