Art Nouveau shop meets investment opportunity.

This property is being sold as an income-generating investment property. Purchase price: €450,000.
Rental income:
- Net cold rent: €1,650 per month
- Annual net cold rent: €19,800
Lease agreement:
- Tenancy commenced on November 1, 2024
- Automatic renewal for one year each time
- The current tenant intends to continue operating at the location in the long term. This commercial property combines the charm of a historic building in a protected area with high-quality renovations and a long-term, secure income stream. It is particularly suitable for investors seeking a stable investment in one of Heidelberg's most desirable locations.
Renovation in 2024:
The retail space was extensively renovated between May and October 2024. The total investment of €120,000 was carried out by skilled tradespeople. All invoices are available to the buyer, as is the certificate from the historical preservation office. During the renovation, the original doors, the inlaid woodwork in the window niches, the tiled stove, the built-in safe, and the niche of a former open fireplace, complete with original plasterwork and an ice guard, were carefully restored to their former beauty. A specialized company supplemented the remaining plaster decorations on the ceilings of the two sales areas with new elements. In the ceiling of the front sales area, LED lighting was installed, creating the effect of a starry sky. The entire building, built in 1885 in the Art Nouveau style, comprises nine apartments and one commercial space.

The building has been completely renovated, including the roof, connection to a district heating system with hot water supply, and a 100% renewal of the drainage system.