Commission-free: Landmark property in the best location in the old town.

Historic building with residential and commercial use, located in the best part of the old town.

This historic building, situated in the heart of Passau's old town, between the cathedral and the university, is particularly popular with students.
The listed building currently offers approximately 555 square meters of living space and 125 square meters of commercial space and would benefit from modernization.
After the modernization, the building will comprise 10 apartments, a two-bedroom apartment, and two three-bedroom apartments, as well as 2 commercial units, spread across approximately 600 square meters of living space and approximately 125 square meters of commercial space.
In addition, the property has significant potential for development in the very large and spacious attic (approximately 275 square meters).

The sale is commission-free and directly from the owner – the usual real estate agent commission does not apply.

For investors, the property offers attractive depreciation opportunities:
The renovation costs can be depreciated over 12 years due to the historic building regulations. In addition, a separate report is available which sets the building depreciation at 14 years, resulting in a depreciation of 7.1% per year of the building value.

For further information, please contact me at 0172 5602682.