Exclusive residential and commercial building in a prime downtown location in Iserlohn – no commission fees.

Expert Assessment: Potential Investment Metrics:
The asking price is based on a recent professional valuation.
Asking Price: €329,000
Projected Annual Net Cold Rent (Target): €22,200
Price-to-Rent Ratio (Target): 14.8
Potential Gross Rental Yield: 6.75%
Important Note Regarding the Rental Situation (Ideal for Developers):
The property has been continuously owned by the same family since its construction in 1966 and has been used exclusively by them for decades. It has never been rented out to third parties. Your Advantage: No restrictive, low-yield legacy rental agreements from the past. The rental income figures provided (commercial: approximately €650 / residential: approximately €1,200) are realistic target rents for a new letting, reflecting the property's potential after potential renovations. This unique residential and commercial property, which operated as a traditional jewelry store for many decades, combines an attractive commercial space with an individual, spacious apartment, offering a rare opportunity to combine living and working, or for investors with an eye for special properties. The retail space – prestigious and in the heart of the action.

On the ground floor, there is a modern retail space of approximately 60 m², equipped with an alarm system and featuring large display windows made of safety glass that open directly onto the bustling pedestrian zone. The sales area is fitted with a low-maintenance vinyl floor with a wood-look finish, an air conditioning system, and a security-protected entrance door. The existing display cases, with a cube design, offer versatile presentation options and give the business a modern and appealing character. Adjacent to the sales area are another room with a safe, cabinets, and shelves, as well as a smaller room that was previously used as a workshop. From here, a beautiful wooden spiral staircase leads to the apartment above. The apartment, approximately 120 m² in size, extends over three floors and impresses with its individual charm, spacious rooms, and numerous thoughtful details. The large, double-glazed aluminum windows, which were replaced in 2016, let in plenty of natural light and create a bright and welcoming atmosphere. On the first living level, you'll find a small guest bathroom and an open, cozy living area with a fireplace and exposed wooden beams. From here, you can access the spacious living room, which features real wood parquet flooring and offers plenty of space for relaxation and personalized décor. A staircase leads to the second living level, which has a central hallway. Directly ahead is the kitchen, which is included in the purchase price. To the left is a balcony, offering a sheltered outdoor space in the heart of the city center. To the right is a large dining room with beautiful parquet flooring. On the top floor, you'll find a large bedroom with a built-in wardrobe, a smaller bedroom, and a bathroom with a shower. An automatically opening skylight provides natural light and fresh air in the bathroom. Adjacent to the smaller bedroom is a separate toilet, which also provides space for a washing machine and dryer. A special highlight is the view from the third floor: overlooking the historic facades of the Iserlohn pedestrian zone, you can enjoy a wide view all the way to the green Iserlohn city forest. Until approximately 2012, the entire flat roof of the house was used as a rooftop garden. During a later roof renovation, this unique outdoor space was removed. The possibility of reviving the former rooftop garden could offer an additional advantage for the property.

The property is located in a central, downtown area of Iserlohn, directly on Wermingser Straße. Here, retail, restaurants, urban life, and historical architecture converge. The location offers easy access to numerous amenities and the city's cultural offerings.
In the immediate vicinity are the Old Town Square, the Reformed Church, and the historic alleyways of the old town. The City Museum on Fritz-Kühn-Platz also provides insights into the history of Iserlohn.
Several parking options are available in the city center for customers and visitors. These include the Altstadt parking garage with approximately 300 spaces and the City parking garage with approximately 600 spaces.
The city is known as a "forest city" and offers numerous opportunities for walks and excursions into nature, both within and beyond the city center.