Cashflow investment property with upside

The property comprises two commercially used business premises and two upper floors with a total of five existing units.

According to a present, non-binding study, there is the possibility of an attic conversion with courtyard-facing open spaces, providing additional development potential.

Areas & Leasing Situation:

The current net usable area according to the interest list is approximately 595 m² and is as follows:

• approximately 466 m² leased on a fixed-term basis
• approximately 71 m² leased on an open-ended basis
• approximately 58 m² vacant

This corresponds to a vacancy rate of around 9,7 %.

The rental contract structure – based on the leased area – shows a share of around 87 % fixed-term leases as well as around 13 % open-ended leases.

Economic data:

• Purchase price: € 1.090.000,- (indicative)
• Price per m²: approx. € 2.000,-
• Annual net income: approx. € 47.312,-

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual agent.