Excellent investment opportunity: Charming shop located in Heidelberg's historic old town.

For sale is an exceptional commercial property located in one of the most desirable areas of Heidelberg. The tenanted retail unit is situated in a listed building dating back to 1885 and offers a usable area of approximately 103 m². Between May and October 2024, the entire commercial space underwent extensive renovations, representing an investment of around €120,000. The aim of the renovation was to restore the property to its original character as a listed Art Nouveau building. Historical elements were meticulously restored and preserved. A particular highlight is the original tiled stove in the sales area, which gives the property a unique character. The spacious sales area is impressive with its bright atmosphere and large display windows. The property also includes a staff area and a basement of approximately 20 m², providing additional storage space. The property has been tenanted on a long-term basis since November 1, 2024. The existing lease agreement initially runs until October 31, 2027, and automatically renews for another year unless terminated. The current tenant intends to continue operating at the location in the long term. The current net cold rent is €1,650 per month, equivalent to €19,800 in rental income per year. Based on a purchase price of €450,000, this results in a gross initial yield of approximately 4.4% per annum. Therefore, the property offers secure rental income from the outset and represents an attractive investment opportunity.

The commercial unit is located in the historic old town of Heidelberg, one of the most well-known and popular city center locations in Germany. The nearby main street is one of the longest pedestrian zones in Europe and forms the economic and tourist center of Heidelberg.

The excellent location benefits from a high volume of foot traffic from local residents, students, visitors, and international tourists. The surrounding area is characterized by an attractive mix of independent specialty shops, retail outlets, restaurants, and cultural institutions.

The excellent infrastructure and Heidelberg's high profile as a university and tourist city make this location particularly attractive, ensuring a consistently high demand for commercial space.