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Fully let residential/commercial building, capital/yield property, close to the city center in the craftsmen's quarter of WOB

38440 Wolfsburg – Niedersachsen
850.000 €
118 m²
Living Area
361 m²
Property
Private offer
apartment building or investment property
residential and commercial building

There are a total of 5 rental units on 365 m² of residential/commercial space.
These include 2 shops/commercial premises of 60 m² and 63 m² on the first floor.
The middle floor offers 124 m² of office space. 2 balconies belong to the middle floor.
On the 2nd floor there is a 2-room apartment with 61 m² and a 2-room apartment with 57 m².
Cellar: 8 cellar rooms, 1 open boiler room, 1 small laundry room
Parking spaces: 8 parking spaces in the courtyard, 4 of which are under a carport.
Exterior: Access road for interested parties behind the house
State of construction: Very well maintained, no moisture and no renovation backlog
The attic is fully accessible via a loft ladder in the hallway.

Are you interested in this offer?

Object Number
OM-284039
Object Class
apartment building or investment property
Object Type
residential and commercial building
Handover from
by arrangement

Purchase price & additional costs

purchase price
850.000 €
Purchase additional costs
approx. 53,234 €
Total costs
approx. 903,233 €
Operating costs allocated p.a.
4,624 €
Non-allocatable operating costs p.a.
5,382 €

Breakdown of Costs

Purchase price 850.000 €
Real estate transfer tax 42,500 € (5.00%)
Notary costs 7,116 € (0.84%)
Land register entry 3,618 € (0.43%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 3,032€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.35%

Details

Condition
well-kept
Year of last modernization
2017
Number of floors
2
Commercial area
247 m²
Total area
365 m²
Price per parking space
40 €
Number of carports
4
Number of parking lots
4
Net rental income (actual) p.a.
42500 €
Number of units
5
Flooring
laminate, carpet, tiles
Heating
central heating
Year of construction
1959
Equipment
balcony, basement, full bath, shower bath, fitted kitchen
Infrastructure
pharmacy, grocery discount, general practitioner, middle school, comprehensive school, public transport

Information on equipment

The two stores on the first floor each have a store door facing the Seilerstraße shopping street. Two bathrooms were modernized in 2017. The other four bathrooms in the building were renovated around the 1990s. Almost all windows have already been replaced and are visually and technically flawless.
External shutters are fitted to various windows.
Modernizations:
201­1 : new roof tiles with snow protection grid
2017 : Renovation of the apartment upstairs left (floor tiles, heating, fuse box,
new kitchen, interior and exterior doors)
2017 : Renovation of the store downstairs left (walls, ceilings, floor tiles, heating, doors, bathroom
complete)
2017 : Exterior facade front and rear reinforcement and multiple coats of paint
2017 : Office floor center (3 new windows installed)
2022 : Inner courtyard of 160 m² newly paved for parking area and courtyard fence renewed

Location

Seilerstraße is located in the craftsmen's quarter of Wolfsburg's city center with numerous small stores, service companies, offices and restaurants. There are rental apartments on the upper floors of the surrounding houses. Public parking spaces are available everywhere, as well as a bus stop 100 meters away. The train station and Volkswagen are a 3-minute walk away. The city center, cinema and outlet center are within easy walking distance.

Location Check

Restaurants
Einkaufen
Medizin
Mobilität

Energy

Energy certificate type
consumption certificate
Main energy source
district heating
Final energy consumption electricity
23.90 kWh/(m²a)
Final energy consumption heat
131.70 kWh/(m²a)

PDF

Miscellaneous

361 m² freehold plot, path for interested parties (leasehold) with right of passage to own courtyard and neighboring plot behind the house.
Central locking system.
Energy certificates: Consumption certificate for commercial units and demand certificate for the residential units are available.
The entire building has been well let to long-term tenants for many years.
Public parking spaces are available directly in front of the building.

There is no broker's commission for this sale!

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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Offer from: Bettina Brendel

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