Prime location KH-North - 3 buildings - own use | company headquarters | capital investment - in no time at all in MZ|WI|FFM

Owner-occupiers, (building) contractors and investors take note:

These are the advantages of this offer:

Time-saving, best rental and a variety of own options for the family, company and capital investment.

The site consists of 3 plots, which together form an approx. 700 m² rectangular, contiguous area in an exquisite location in Bad Kreuznach. Despite the quiet and great location on the outskirts of the city with vineyards within 1 minute walking distance, both the city center and the freeway in the direction of MZ, WI, FFM can be reached quickly without traffic lights.

There are 3 buildings on the plots.

1 building with 2 floors + attic. This building is fully let. The 3 apartments generate over 9 euros cold rent per m² with approx. 230 m² living space plus 2 parking spaces at 30 euros per month each, a total of 2,205 euros per month. In addition, there is the income (possibilities) listed below.

All apartments in the rented building have been regularly and extensively renovated over the decades. The two lower apartments each received a new gas boiler in 2022 and 2023, which generates heating and hot water. The top floor apartment has a gas condensing boiler that is discharged directly via the roof, while the other two units are connected to the chimney.

The tenants settle their heating and electricity bills independently with the energy suppliers. In accordance with the law, no utility bills are drawn up, which saves a lot of time in the letting process. The fact that each tenant has agreed a minimum rental period of 4 years works in the same direction; 1 tenant has even been in the house for around 20 years.

For this building with 3 apartments, a requirement certificate is prescribed, but the actual consumption data of the tenants consistently show a significantly lower consumption than the certificate indicates (when a tenant changes, the new tenant typically asks the old tenant for their consumption values). However, it goes without saying that only the prescribed requirement certificate is legally authoritative.

The other two buildings are empty and have not been renovated. They were formerly used as a restaurant and a residential property.

The following uses seem obvious for these buildings:

- Private individuals could convert the two vacant buildings into fully residential use and use the rental income from the third fully let building to improve their credit rating with the bank and also service a loan on a pro rata basis,
- an entrepreneur could pursue a mixed commercial and residential use and
- a capital investor could realize up to 7 rental apartments: the 3 existing rental apartments in the already rented building and create 1 new rental apartment on the ground floor and 1st floor of each of the other two buildings.

In addition to the two vacant buildings, a further 4 car parking spaces are currently rented out at EUR 30 per month each; in the meantime, the courtyard and hall have also been rented out to local craft businesses for around EUR 600 per month. With appropriate refurbishment of the vacant buildings, further income of EUR 3,000 per month is realistic for a further 4 apartments.

The possibilities are therefore very diverse, an area of this size in such a central location in KH - a unique opportunity!

The dimensions (also in the rental contracts) are based on information from the previous owner, there are no plans available, nor have any surveys been commissioned. The sale is on an "as is" basis. Both this statement and all other information in the description of this advertisement are only initial indications and not final regulations or determinations, only the notarized purchase contract is decisive.

Excellent location in KH-North, best connection to highway to MZ, WI, FFM, yet city center within 5-10 minutes walking distance. School, kindergarten, church (Matthäuskirche) and vineyards within 1-5 minutes walking distance.