Apartment house in city Schoningen
1060.00 sq.m., 17 bedrooms

€ 179 000

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Apartment house with a shop in Lower Saxony (Germany)

We offer for sale a tenement dwelling house with large commercial premises in the city of Teningen (lower Saxony, Germany) located close to the city centre.

Construction of the roughly 1900 consists of a main 4-storey building overlooking the beautiful historic facade on the street and 2-storey building inside the courtyard.

On the first floor of the main building there are commercial premises with a total area of about 500 square meters, consisting of store, warehouse, offices and toilets. On the upper floors of the building are three 6-bedroom apartments, each living area of 160-165 sq. m.

The structure within the courtyard is located 3-bedroom apartment on the 2nd floor with an area of about 75 sqm On the ground floor - pantry and storage room.

Currently leased 3 bedroom apartment. The rent is 300€ net per month.

Possible annual income after the date of the remaining apartments and commercial premises: approx. 24.000€.
Possible gross yield: approx 13 % per annum.

BASIC DATA:
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- Object: a profitable apartment building with commercial areas
- Price per sq. m: 169 €
- City/District: Senningen (Lower Saxony)
- Living/usable area: 1060 sq. m
- The number of floors in building: 4, including the attic + 2
- House type: block building with basement and patio
- Land area: 939 sq. m
- House condition: renovated, 3 apartments in need of repair
- Year of construction: around 1900
Is a year of modernization/redevelopment: the 1990s
- Lift: no
- Current rental income: approx. 3.600 € per year net
- Possible rental income: approx. 24.000 € per year net after passing all areas
- Yield in full surrender: approx 13% of annual gross
- Type of heating: floor, gas
Number of apartments: 4
- The number of commercial premises: 1
- Number of bathrooms: 4
- Windows: double-glazed Windows with plastic frames
- Floors: laminate, carpet (old), floor tiles
Garage/Parking: no
- Monument: no
Energy passport: 196 kWh/(m2*a)
- Selling price: 179.000 €
- The Commission with the buyer: 5,95% incl. 19% VAT of the purchase price under the contract to/p
- Equipment: normal

LAYOUT:
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Main building:

- KG (Basement)

- EG (1st FLOOR) Annex building: Commercial premises of 500 m2, consisting of several areas: a shop with a storefront, a warehouse, in the back of the toilets, office, staff room, boiler room. The entrance to the store from the street. There is an additional exit to the yard. Floors - floor tiles. Heating and hot water heating through own boiler.

- 1.OG - DG (2nd, 3rd and attic FLOORS): on each there is one 6-room apartment with a living area of 160-165 m2 each. Apartment needs cosmetic repairs and is currently not leased.

- The attic is used for storage of belongings of the residents.

Courtyard building:

- EG (1st FLOOR): closet and storage room.

- OG (2nd FLOOR): 3-room apartment on the 2nd floor with an area of about 75 sq. m. the Apartment is rented long term rent 300€ net per month.

Yard intended for public use by all tenants.

EQUIPMENT:
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- floors: laminate, koroviak coating, terracotta
- walls-Wallpaper for painting; bathrooms – tiles; in the kitchen - paintable Wallpaper and tile in the workspace.
- Windows: double-glazed Windows with plastic frames;
- bathrooms with Windows and modern fixtures;
heating and hot water heating - storey, each apartment gas column.

The house is in good condition, appropriate to their age.

LOCATION:
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The house is located in the small town of Senningen, located in the South of the Federal state of lower Saxony (Niedersachsen), 16 km from the A2 motorway, 13 km from the town of Helmstedt. The population of the city Senningen about 11.500 inhabitants.

All the necessary infrastructure (schools, shops, doctors, station etc.) are in close proximity.

The Commission of 5.95% incl. 19% VAT of the purchase price under the contract to/p is to be paid V&M Investment UG is the case at the moment of signing by the buyer of the notarial contract of purchase and sale.

Location of the property on the map

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