RENDITE PROPERTY - RENT: € 62,643 - HEILBAD AM GROßEN INSELSBERG

Residential and commercial building in the central heart of the Kneipp spa Bad Tabarz - as an investment - FOR SALE BY PRIVATE -
(Price reduced from 945,000 € to 895,000 € VB due to the current situation)

Very attractive building, fully let for many years, consisting of a residential building with 4 apartments, three large balconies and a terrace as well as a separate building with a large, very flourishing store plus offices & warehouse. The lease forms a large part of the total income. The lease has been in place for almost 30 years. The tenant has a unilateral renewal option every 5 years, which has always been exercised. The company was handed over to a successor on 01.01.2023. The founder is still active in the company.

RENT INCREASES:
There is regular potential for increases in the residential leases due to the index agreement. In the commercial sector, a fixed increase of 10% is agreed every 5 years (next increase on 01.01.2028 in the amount of € 258.00 per month, per year = € 3,096.00).
All rents and leases have been received punctually, regularly and in full for many years.
The advance operating cost payments cover the annual operating costs.

PROPERTY:
Plot area = 1,357 m² with 10 parking spaces and a garage. All utilities are connected to the house: Natural gas, electricity, telecommunications, water, sewage, satellite TV and a 14.4 m² solar thermal system in the property.

The property is in a prime location in the center of Bad Tabarz. The buildings are completely renovated and thermally insulated with no maintenance backlog on a large plot with well-kept green areas and parking spaces.

RENOVATION:
Year of construction 1923 (2.5 % depreciation!). The buildings were completely renovated between 2009 and 2012 and fitted with a thermal insulation façade.

INTEREST?
If you are seriously interested in purchasing the property and have sufficient equity or financing security, please send me your e-mail address and a telephone number.

I will then be happy to send you the exposé I have prepared with comprehensive information and numerous detailed pictures. I will be happy to answer any further questions. We can then arrange a viewing appointment.

LOCATION:
Bad Tabarz is a Kneipp spa and a tourist destination with parks, leisure areas and an event hall. Bad Tabarz is also the location of the well-known "tabbs" leisure pool with a large adjoining health center.

Bad Tabarz is also a preferred residential location in the district of Gotha & is located directly on the Thuringian Forest and the Rennsteig trail up to the Inselsberg. Day care center, kindergarten, elementary school & secondary school in town. Stores for daily needs, the spa park as well as doctors, pharmacy, cafés & restaurants are within 2 minutes walking distance.

Connection to the BAB 4 to Frankfurt/M & Dresden in about 5 kilometers. The Lutherstadt Eisenach and the state capital Erfurt can be reached by car in around 30 minutes. Bus connections to the neighboring towns of Eisenach, Gotha & Ohrdruf. The 'Thuringian Forest Railway' runs from Bad Tabarz via Friedrichroda and Waltershausen to Gotha main station.