Stylish residential & commercial building in a city center location in Schwerte - commission-free with 6.9 % yield!

This property is a four-storey residential building with a basement,
four-storey residential and commercial building with a commercial unit and four apartments. The stylish exterior façade and the spacious Art Nouveau staircase are particularly noteworthy.

The apartments have very good rentable sizes between 54 & 85 sqm.
The building was originally built around 1890 in solid construction.

The total living and usable area is approx. 386 m2.
The average price per square meter with a purchase price of
500,000.00 euros is only 1,295.00 euros per m2.
The plot has a total area of approx. 130 m2.
The current standard land value is 290.00 euros per m2.
The current actual annual rent is approx. 34,418.00 euros (6.9% yield)

With two existing tenancy agreements, there would be further potential for rent increases of up to EUR 334 per month (target yield approx. 7.7%)

Due to the very central downtown location, this property offers
development potential.

The property is located in the city center of Schwerte (near the pedestrian zone)
pedestrian zone), situated between Dortmund and Iserlohn / Menden on the border to the Sauerland region with good transport links, both to the
A 1 freeway towards Cologne and Bremen as well as the A 45 freeway towards
Dortmund and Frankfurt.

Schools, kindergarten, doctors and shopping facilities are nearby.
nearby.
Schwerte is a medium-sized town in the district of Unna in North Rhine-Westphalia and is located
lies south-east of Dortmund on the Ruhr in the eastern Ruhr region.
It has a population of just under 50,000.