Refurbished investment apartment with garage and development potential

This attractive property offers investors a rare combination of immediate income and substantial development potential. The building underwent extensive basic renovation in 2017, resulting in the building fabric being in a technically up-to-date and well-maintained condition.

The property currently has seven open-ended tenancy agreements. In addition to the residential space, the property offers two garages and 8 car parking spaces on its own grounds, which increases the tenants’ living comfort and sustainably secures its rentability. With current annual income of approx. € 43.010,-- net at full occupancy, the property offers a solid base return.

However, the special feature of this property is the expansion option: According to a preliminary assessment, the existing usable floor area can be expanded by approx. 200 m².

• Building reserve: approx. 200 m2 on an approx. 500m2 plot (currently used as a garden).

This gives the investor the opportunity to massively increase the income through redensification or an extension and to significantly increase the value of the property.