Frankfurt-Nordend: Investment Block mixed commercial and residential with 10 units in prime location

Detailed Information

Size of Landplot:

218.00m²

Commercial space:

117.00m²

Other space size:

503.00m²

Freehold or Leasehold?:

Freehold

Detailed description of property incl equipment:

Front building: This is a six-storey rental block with cellar, which was built around beginning of the 20th century in traditional fashion (walls with brick stones and sand stones). The building has a front lenght of about 9.20 meters and a depth of about 11.20 m with neighbouring buildings directly attached.

Back house: This building with four stories and cellar can be reached through a passway from the front building. The length is about 9.20 meters, the depth about 7.20 meters. The four story back house has three furnished apartments and one office unit. The furnished apartments are in modern business style, to match market demands and secure a higher rent.

Commercial tenants: In the ground floor of the front building is a shop which has a lease since 1997, in the back housee an office tenant since 1994.

Other: Front and back house have flats between 40 and 60 sqm. The backyard and passage way are with cement stone and drainage. There is no current repair backlog. The object is in good general condition and fully rented. The demand for apartments in that location is very high so that a minimum vacancy rate can be expected.

Margin (annual net rent : purchase price):

5.2 %

Price per sqm:

2790 €

Description of location:

Excellent central location in Nordend, not far from subway station Glauburgstraße; from there one reaches the city center within five minutes. Residential parking. Near Holzhausen Park. All shops for daily needs can be reached in walking distance. Many lovely cafes, bars, restaurants and little shops form the image of the area. Nordend is one of the best and most sought-after locations in Frankfurt. Hi rental demand by young professionals.

Connection to traffic routes / public transport:

Subway station about 100 meters away. With the bicyle which is the main transport form in Nordend you reach the inner city within a few minutes.

General noise level of location:

Alive

Number of Units in Building:

Renovations done in the building:

Both buildings were modernized. Bathrooms, Gasboilers and modern insulating plastic frame windows were installed in the flats and the electrical and sanitary installations renewed.

Type of heating and warm water preparation:

Gas

More options on heating:

Single apartment boilers

Parking options:

Public residential parking with pass

Comments regarding parking situation:

Normal residential parking, common in Nordend.

Which is the most characteristic feature of this property:

The central location in Nordend secures a good long term investment.

Helpful Links (external):

Link Holzhausenpark