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City center residential and commercial building with development potential.
69190 Walldorf – Baden-WürttembergFORMER "WHITE HORSE" HOTEL – CONVERSION INTO SERVICED APARTMENTS OR MICRO-LIVING.
Condition:
The building is in excellent condition and is ideally suited for the planned use.
Fire Safety Measures:
Extensive fire safety measures, worth approximately €30,000 (2022), have been implemented to facilitate conversion into social housing.
Year of Construction: Approved on November 21, 1966 / Construction approximately 1966-1968
Year of Construction: Extension 1972-1973
Renovations: 1987 / 1995 / 2022
Elevator: Available, all rooms are accessible without barriers.
Desalination Plant: In operation.
Basement: Fully basemented.
Total Usable Area: Approximately 1,578.51 m².
Total Living Area: Approximately 1,273.95 m², including approximately 150 m² of office space on the ground floor.
Number of Units: 36 rooms + 2 apartments, one measuring 65 m² and the other 110 m².
Heating System: Two gas boilers.
Are you interested in this offer?
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Object Number
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OM-482598
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Object Class
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Apartment building or investment property
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Object Type
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Residential and commercial building
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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2.999.000 €
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Purchase additional costs
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approx. 183,676 €
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Total costs
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approx. 3,182,675 €
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Breakdown of Costs
* 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
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Estimated monthly rate: 11,256€
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Details
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Condition
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Well-kept
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Year of last modernization
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2022
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Number of floors
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3
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Commercial area
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150 m²
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Total area
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1578 m²
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Number of parking lots
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8
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Net rental income (target) p.a.
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309200 €
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Net rental income (actual) p.a.
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309200 €
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X-times rental income
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9.60
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Number of units
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38
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Flooring
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Carpet, Tiles
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Heating
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Central heating
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Year of construction
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1968
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Equipment
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Elevator, Barrier-free
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
Standard features are shown in the pictures.
Location
Excellent city center location: The property is located in the pedestrian zone of Walldorf, benefiting from high visibility and a significant volume of foot traffic.
• Optimal local amenities: Shops, restaurants, medical facilities, and social services are all within walking distance, ensuring a high quality of life for residents and users.
Location Check
Energy
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Main energy source
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Gas
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Miscellaneous
Tenant: The building is currently vacant, but the agreed-upon rent is still being paid by the tenant, the state of Baden-Württemberg.
• Lease Agreement: Effective January 1, 2023, monthly base rent: €25,766.
• Term: The contract is valid until December 31, 2026, with an option to extend for one additional year.
• Total annual rental income: €309,200.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
Send a message directly to the seller
Questions about the object? Show interest or arrange a viewing appointment?
Click here to send a message to the provider:
Offer from: Wolfgang Kitz
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