Renovated multi-family building, 5.5% yield, located in the old town of Landau, consisting of 4 units, sold as individual ownership units (condominiums), no commission fees.

Renovated residential and commercial building in the historic center of Landau, completely renovated in 2025/2026 and already divided into four separate units, each with its own land registry entry. Available directly from the owner, no commission fees.

THE FOUR UNITS:
- Ground floor commercial space, approximately 235 m² – currently rented, €1,550 net rent per month. The lease has a fixed term until December 31, 2035, and is indexed. The tenant is an established restaurant owner in Landau. The unit was extensively renovated in 2026, including the electrical system, all floors, walls, and ceilings.
- 1st floor, 4-room apartment, approximately 116 m² – newly renovated, currently vacant, ready for occupancy.
- 2nd floor, 4-room apartment, approximately 116 m² – newly renovated, currently vacant, ready for occupancy.
- Attic studio, approximately 128 m² of usable space, with a ceiling height up to 5 meters – basic installations are in place, ready for further development.

FINANCIAL DETAILS:
- Purchase price: €1,100,000 (€1,850/m²)
- Current rent: €18,600 per year (currently only the ground floor is rented)
- Projected rent after initial letting: €60,000 per year = 5.5% gross rental yield
- Rental projections: Ground floor €1,550 (current), 1st floor and 2nd floor €1,400 each (€12/m²), Attic €650. SUBSTANCE AND TECHNOLOGY
- Complete renovation of the building's systems in 2026: Gas-fired condensing boiler (compatible with biomass, prepared for district heating), risers for heating, hot water, cold water, and wastewater, electrical system including meter cabinets and intercom system.
- Complete renovation of the 1st and 2nd floors: 2.70 m ceiling height, double-glazed windows with shutters, floors with an oak finish, tiled bathrooms ready for use with walk-in showers.
- Original building dating back to around 1890; division into individual ownership units to be legally completed in June 2026, with building inspection-approved division plans available (2025).
- No listed building status, no building restrictions.

DEVELOPMENT POTENTIAL
- Attic space with approximately 128 m² and its own land registry entry – the largest asset within the building.
- Balcony extensions on the 2nd floor and in the attic are already regulated in the division declaration.
- Approximately 60 m² of accessible flat roof on the 1st floor with the option for conversion into a rooftop terrace.
- Individual sale of the units is always an option for the buyer, as the property is already divided.

NOTE REGARDING ENERGY PERFORMANCE CERTIFICATE
The consumption-based energy performance certificate (Class D) is based on data collected before the renovation; the renovated heating system in 2026 is not yet reflected in this certificate. Following the switch from heating value to efficiency technology, a reduction in energy consumption of approximately 15-30% is expected, which should enable the building to achieve energy efficiency class C. Available directly from the owner, commission-free – saving approximately €42,000 in operating costs. Complete documentation for your bank financing is available upon request: declaration of division, floor plans, land registry extracts, financial plan, commercial lease agreement, and energy performance certificate.

Quiet location in the historic center of Landau, at the corner of Kronstraße and Schützengasse, with a view of the Queich. Pedestrian zone with no through traffic.

- 2 minutes to a supermarket and bakery
- 3 minutes to the marketplace with restaurants, doctors, and a pharmacy
- 7 minutes to the university
- Primary school, kindergartens, and secondary schools are within walking distance
- Resident parking available on Martin-Luther-Straße or Weißquartierplatz (approximately €30 per month)

The location is ideal for both commercial and residential use: the retail space benefits from the foot traffic of the pedestrian zone, while the apartments benefit from their proximity to the university, schools, and city center.