Investment property with four units and flexible rental arrangements

This residential and commercial building is located in a highly visible location in Wadgassen and offers an attractive combination of residential and commercial space with diverse usage options.

For reasons of discretion, marketing is done in anonymized form.

Qualified interested parties can obtain detailed information upon request.

The property comprises a total of four units, consisting of a commercial unit on the ground floor and three generously sized apartments on the upper floors.

The two apartments on the first and second floors each offer approximately 120 m² of living space and are in a well-maintained and modern condition. The penthouse apartment complements the offering with approximately 90 m² of living space and also features a roof terrace, which represents a significant added value.

The total living space is approximately 330 m². The commercial unit on the ground floor comprises approximately 120 m² and is particularly appealing due to its excellent visibility and shop window areas.

In principle, the area can be used flexibly, although individual adjustments may be necessary depending on the concept when repurposing it.

The building was originally constructed around 1900 and extended in 1925. Significant areas have been modernized in recent years, including the heating systems, water pipes, and bathrooms.

The residential units each have separate electricity meters and their own floor heating systems from 2019 and 2020.

This allows consumption and heating costs to be billed independently for each unit.

The roof has also been renewed and is in good condition, so there is currently no acute backlog of renovations.

A particular advantage is that the property is completely vacant upon sale. This gives the buyer the opportunity to immediately re-let all units without existing leases on the current market and to tailor the returns to their individual needs.

The property also includes a small courtyard behind the building and additional parking spaces in the form of a garage and a carport. Due to the low ceiling height, the basement has limited usability. A photovoltaic system installed in 2021 completes the overall picture and offers additional energy potential.

The property is particularly suitable for investors seeking a solid foundation with development opportunities and wishing to position the available space according to their strategy.