Dachgeschosswohnung with roof terrace and development potential

Attic unit with three apartments – interesting potential for investors

This property is aimed in particular at buyers looking for a special attic unit with development potential and willing to invest in the modernization and future design of the property.

The unit, located on the 4th floor of a residential building without a passenger lift, is designated in the land register as a 3-room attic apartment. However, the actual structural execution differs from this.

The unit is currently structurally divided into three separately used apartments:

• a studio apartment of approx. 18 m² (rented for an indefinite period)
• another studio apartment of approx. 18 m²
• a 2-room unit of approx. 40 m² with a roof terrace

The floor-area specifications are approximate and still need to be conclusively verified on the basis of the available documents and measurements taken on site.

Different states of maintenance

The three areas are in different states of maintenance. The unit currently rented for an indefinite period has already been renovated and is in a correspondingly good condition. The two other areas, however, require significant modernization and renovation. There was water damage which was repaired, but the final renovation was no longer carried out; depending on the desired future use, measures must be taken in particular in the areas of electrical engineering, ceilings, kitchens and bathrooms, as well as floor coverings and general surfaces.

This gives a new owner the opportunity to fundamentally modernize these areas and redesign them according to their own ideas.

Existing tenancy agreement for an indefinite period

Part of the property is currently rented for an indefinite period. The buyer must take over the existing tenancy agreement. Due to the existing structural situation and the continuing tenancy agreement, it is currently not possible to structurally combine the entire attic unit at short notice. The property is therefore particularly suitable for buyers who view the existing situation as a long-term investment and development concept. As this unit is rented, we ask for your understanding that we have not included any pictures in the exposé; however, this apartment can gladly be viewed if there is concrete interest.

Interesting for investors with foresight

The combination of an existing rented property and two areas requiring renovation opens up different perspectives.

The two areas that are currently not rented can be modernized and put to an appropriate use, subject to the legal, building-authority and technical requirements.

This is therefore not a classic ready-to-occupy 3-room apartment, but a property for investors, portfolio holders and buyers with experience in or an interest in renovation and development properties.

Important note on the legal and structural situation

In the land register, the property is designated as one 3-room attic apartment. The actual existing structural division into three separate residential areas does not correspond to a land-register division into three independent condominium ownership objects.

The permissibility of the existing or future use, letting or structural alteration must be assessed on the basis of the existing official approvals, plans and other documents.

In the course of a specific purchase interest, prospective buyers will of course be given access to the documents available to us and will be informed transparently about the existing situation.

A special opportunity for buyers who are not looking for the classic turnkey apartment offering, but recognize the potential of an exceptional attic property and wish to develop it over the long term.