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AllGrund Property ID: 201408

Object Address
PLZ-ZIP Code: 
60316
City: 
Frankfurt
Part of City: 
Nordend-Ost
District: 
Hessen
Country: 
Germany
Vital data
In a nutshell: 
Three units for partial self-construction in the 5th and 6th floor (DG) of a block built in the fifties. Located in the very middle of the charming Frankfurt north end. One unit is rented. The building was partially modernized in the last year. Outside walls insulation, electrical wirings, house doors and more. If all three areas are united a great maisonette or penthouse with approximately 138sqm could be created.
Rooms: 
4,0
Living space in sqm (Info): 
88.00m²
Other area space not defined as living area: 
50.00m²
Type of Condo: 
Roof storey
Year of construction: 
1957
Floor (groundfloor=0): 
5
Floor (Groundfloor=0): 
Fifth and sixth storey
Condition: 
to be redeveloped
Status at handover: 
partly rented
Current net rent per month: 
594.00€
Further information on the net rental income: 

The rented unit (apartment 7) provides a cold rent of 594 €. From 1.11.2017 the cold rent is 669.61 € for this unit (rent increase due to modernization). The tenancy was already in place at the time of the allocation in owner-occupied apartments.

Asking price (Euro): 
595.000€
Brokerage fee incl. VAT (% of notarized purchase price): 
5.95%
Payable by: 
Buyer
Available as of: 
immediately
Energy Performance Certificate (EPC)
Date of Energy Performance Certificate: 
8.1.2008
Residential Building - Final Energy Value: 
114.00 kWh/(m²?a)
Energy consumption for hot water: 
not included
Main energy source: 
Natural gas
Year of Construction of the Heating System: 
2002
Year of Construction Comment: 
A gas-fired thermal boiler (central) was installed in 2002.
Detailed Information
Co-ownership shares: 
199/1.000tel
Size of Landplot: 
255.00m²
Freehold or Leasehold?: 
Freehold
Monthly housing fee: 
395.27€
Payable utilities by tenant: 
140.00€
Detailed description of property incl equipment: 

The units Nos. 6, 7 and 8 listed in the allocation plan are for sale.

The unit No. 6 in the 5th floor is a 1-room apartment with a size of 25.51m², has bathroom and kitchen, but is not rented since the second escape route is not established. In the case of a combination with the unit 7 or with the roof storage (in the case of expansion), this could be planned over the side lying on the road.

The unit No. 7 is also located on the 5th floor and has approximately 61.50m² of living space. It is on the street side of the building, without balcony.

The apartment has 2 rooms, kitchen, hallway, bathroom and toilet. It is rented.

Unit No. 8 is the non-developed storage (attic). It has an area of approximately 50m², measured from 1.50m room height. In the storage room were previously small single storage rooms for tenants (which are still to be seen on the plan). These are no longer there. The attic area is not rented (also not for the joint use).

The specified individual share of monthly payment for utilities and management etc. is currently distributed as follows:

Unit 6: 108,60 €

Unit 7: 188,76 €

Unit 8: 97,91 €

When the roof space is reconstruted into apartment area, various options are conceivable, e.g. dormers, roof terraces, exterior or interior insulation, etc., all of which have an influence on the final living space of the attic apartment. In this respect, the final total rental area can change based on the currently determined areas (total 138m²) depending on the realized planning. The expansion is left to the buyer. Corresponding precautions are included in the shared ownership deed (Teilungserklärung).

Since it is a new forming owners community, there was still no shareholders meeting and no maintenance reserve account funded. A house management company takes caer the property management.

So far, the units Ground floor, second floor and 4th floor have been sold. On the ground floor and second floor, renovation work of the buyers is already ongoing. The rest of the units are still in the hands of the project developer, who made the separations into single unites two years ago and then carried out the modernization work.

Description of location: 

The property is in a prime location in the southern Günthersburgallee, near Friedberger Platz. The location undoubtedly is one of the most sought-after residential areas in Frankfurt.

Connection to traffic routes / public transport: 

To subway U-4 it is about five minutes, to tram station two minutes. There the lines 12 and 18 are connection to nearly the entire urban area in a comfortable way. (See www.rmv.de station Friedberger Platz)

General noise level of location: 
Quiet
Number of Units in Building: 
8
Renovations done in the building: 

In 2016, extensive work on community ownership was done. (Façade including thermal insulation composite system, stairwell, electrics, hallway, new home entrance, new yard).

Renovations to be done in the building: 

none evident

Type of heating and warm water preparation: 
Gas
More options on heating: 
Central heating system
Age of heating system (approx): 
15 Years
Parking options: 
Public residential parking with pass
Other information or specialties: 

Ideal object for experienced "developers". From the roof one will have great spacious view.

Which is the most characteristic feature of this property: 
Best location, charming classic building from the time after WW II

 


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Use the form below to contact us about this offer


The information you send us via this form is 100% encrypted using modern encryption standards.

Please share any information about your real estate search, times of your availability for visits and everything else that is important  The more information we have in advance, the better we can respond to your request. If you do not want to write anything, that's ok too.

You do not have to send us a phone number. However, it makes it easier to arrange a short-term appointment with you or to clarify any queries, if we can also contact you by phone.

If you have problems to send the form, just call us at +49 6103 310847 or +49 151 7272 9596