Renovated multi-family building with a 5% return, located in the old town of Landau. The building consists of 4 units and is divided into separate ownership units (condominiums), with no commission fees.

Renovated residential and commercial building in the historic center of Landau, thoroughly renovated in 2025/2026 and already divided into four 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 cold rent per month, lease agreement with a fixed term until December 31, 2035, indexed. Rented to an established Landau restaurant owner. 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, ceiling height up to 5 meters – basic infrastructure in place, ready for further development.

KEY FIGURES:
- Purchase price: €1,200,000 (€2,017/m²)
- Current rent: €18,600 per year (currently only the ground floor is rented)
- Projected rent after initial rental: €60,000 per year = 5.0% gross rental yield
- Rental assumptions: 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 condensing boiler (compatible with biomass, prepared for district heating), risers for heating, hot water, cold water, and wastewater, electrical systems including meter cabinets and intercom system.
- Complete renovation of the 1st and 2nd floors: 2.70 meters ceiling height, double-glazed casement windows with shutters, flooring with an oak appearance, bathrooms tiled and ready for use with walk-in showers.
- Original building dating back to around 1890; division into individual ownership units completed in the land register in June 2026, and building inspection plans for the division (2025) are available.
- No listed building status, no building restrictions.

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

NOTE REGARDING ENERGY PERFORMANCE CERTIFICATE
The consumption certificate (Class D) is based on the measurement period prior to the renovation; the renovated heating system in 2026 is not yet reflected in it. Following the conversion from heating value to condensing technology, a reduction in energy consumption of approximately 15-30% is expected, which should result in the building achieving 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, layout plans, land registry extracts, financial plan, commercial lease agreement, and energy performance certificate.

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

- 2 minutes to a supermarket and bakery
- 3 minutes to the market square with restaurants, doctors, and a pharmacy
- 7 minutes to the university
- Primary school, kindergartens, and secondary schools within walking distance
- Resident parking 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.