Investment property with a net annual rental income of over €76,000.

Update: The first viewing appointment will take place at the end of September. Unfortunately, it cannot be scheduled any sooner, but this is due to the holiday season. Please feel free to express your interest.

For your information: The valuation report, prepared a few months ago, amounts to €1,760,000. This price is to be understood as a basis for negotiation. For sale is a high-quality renovated building with 7 apartments, offering an exceptionally good return with a net annual cold rent of over €76,000. The location is in a quiet residential area, with schools and kindergartens just a few hundred meters away, and a view of the castle. Bus stops are located directly in front of the building. Various shops and restaurants are within a few minutes' drive. Here are some examples of the modernization measures:
- In the ground floor, 3 apartments have been completely renovated, featuring:
o Underfloor heating
o New flooring (tiles or click-vinyl)
o Triple-glazed windows
o Electric blinds
o Walls with six layers of insulation (exceptional fire and sound protection) between the apartments. o Modern fitted kitchen with refrigerator-freezer, oven, ceramic hob, dishwasher, and extractor fan.
o Fully dimmable ceiling lights.
o Modern bathrooms with walk-in showers and bathroom furniture.
o New electrical wiring.
o New heating system.
o The walls are finished with high-quality fiberglass wallpaper.
o High-quality doors throughout the apartment and in the entrance area, with the highest security rating.
o And much more.

- Of the 4 apartments on the upper floor, 3 have been extensively renovated. Here are some examples:
o New flooring (tiles or click-vinyl).
o New, energy-efficient radiators and heating pipes with high-quality insulation.
o New, energy-efficient apartment entrance doors.
o New interior doors.
o New electrical wiring.
o New bathroom, including bathroom furniture.
o The walls are partially finished with high-quality fiberglass wallpaper.
o Fitted kitchen with refrigerator-freezer, oven, ceramic hob, dishwasher, and extractor fan.

- The 4th apartment is also of high quality, but has not been completely modernized and extensively renovated. The kitchen has been retiled, and a new tile backsplash has been installed. In the new apartments on the ground floor, the wastewater system has also been replaced. The entire building's main wastewater pipes were completely renovated in 2022 using the "inliner" technique. The property size is 1,355 square meters.
The living space is 524 square meters. The house features:
- 6 apartments, each with 3 rooms, a kitchen, and a bathroom, ranging from approximately 75 to 80 square meters.
- And a 2-room apartment with a kitchen and bathroom, measuring 66 square meters. The property also includes 12 basement rooms, 4 storage rooms, and two large laundry drying rooms. In addition, the property includes 3 well-rented garages and 9 rented parking spaces. All rental agreements are indexed rental agreements, meaning that rent adjustments are possible every year without issues. Further photos, location details, and additional information will only be provided to serious potential buyers. For investors, a particularly interesting aspect is the possibility of converting the multi-family building into 7 individual apartments. All tenants are financially stable, well-educated (engineers, skilled tradespeople, and other professions), and employed (not reliant on government assistance).

Currently, the property is being offered directly by the owner, so there is no real estate agent commission. We can also deduct the value of all the furniture, 6 built-in kitchens, 6 bathroom furniture sets, bathroom accessories, various high-quality curtain and track systems, and various lighting fixtures from the asking price, and conclude a separate purchase agreement for these items. The estimated value of these items is approximately €80,000. This would eliminate the notary fees and property transfer tax associated with these items.

Please see the property description.