Investment property, Schmelzhüttenstraße 28.

The multi-family building with a retail space is located on the edge of the city center of Gera. The building, constructed in 1906 using solid construction methods, is located at Schmelzhüttenstraße 28 and underwent a comprehensive renovation in 1998/99. As part of the renovation, an elevator was added to the stairwell. Since then, all necessary maintenance work has been consistently performed, and tenant requests for improvements have also been addressed. The ground floor houses a retail space. Above it is a spacious family apartment, and the upper floors are each divided into two apartments. Some of the apartments have balconies. The standard of the apartments is moderate. The rentable area is approximately 441 m², plus an additional 68 m² for the commercial unit. In recent years, the units have been largely occupied, with very short periods of vacancy. The property management is handled by a local property management company. Currently, only a 2-room apartment of 50 m² is vacant. The occupied units generate a net cold rent of approximately €27,800 per year (the target rent is approximately €31,000, with a factor of approximately 15.2). In the rear building, the ground floor is used as storage space for the commercial unit. An apartment on the upper floor has not yet been renovated. After renovation, this apartment offers additional potential for income, which is not included in the current rent. The building is suitable as a well-tenanted investment property with ongoing management and development potential in the adjacent building. The property can be acquired together with the property at Heinrich-Heine-Straße 13 as a package.

The property at Schmelzhüttenstraße 28 is located in the city center district of Gera, on the edge of the historic center. The market square and the old town are within a 10-minute walk, while the Gera Arcaden shopping center on Heinrichstraße is about a 5-minute walk away. Shops, a bakery, a pharmacy, and smaller stores are located in the immediate vicinity. The Gera Süd train station and the Südbahnhof/Sachsenplatz bus stop are approximately 200 meters away. Trams and buses connect the area to Heinrichstraße. The Park der Jugend is located nearby. Daycare centers, including the Haus des Kindes on Enzianstraße, as well as schools are accessible within the district. The Rutheneum, a traditional grammar school, is also located in the city center. With approximately 96,000 primary residences, Gera is the third-largest city in Thuringia and is situated on the White Elster river. The city is connected to the regional network via the federal highways B2, B7, and B92, as well as the A4 motorway with the Gera-Langenberg and Gera-Leumnitz exits. Leipzig, Erfurt, and Chemnitz are each approximately one hour away. The city's cultural offerings include theaters, the Fettnäppchen cabaret, a cultural and congress center, a zoo, and museums. In 2007, Gera co-hosted the Bundesgartenschau (national garden show) together with Ronneburg.