Frankfurt-Bockenheim: Block with three units, unique object best location

Object Address

PLZ-ZIP Code:

60486

City:

Frankfurt

Part of City:

Bockenheim

District:

Hessen

Country:

Germany

Vital data

In a nutshell:

Small multi-family house in very good location in Frankfurt-Bockenheim. Has three units: Ground floor commercial (office). 1st and 2nd floor each 1 apartment. One small garage, one parking space. Annual net rent approx. 35,000 €. One minute to Leipziger Straße. Living space approx. 144m², commercial use area including storage areas in the basement approx. 104m².

Living space in sqm (Info):

144.00m²

Other area space not defined as living area:

104.00m²

Type of Investment Property:

Block mix residential and commercial

Year of construction (Info):

Initially built around 1900; rebuilt after war ca. 1948, modernized 1989-1990

Condition:

renovated

Status at handover:

partly rented

Current net rent per month:

2963.00€

Asking price (Euro):

850.000€

Asking price (Euro):

Negotiable price

Brokerage fee incl. VAT (% of notarized purchase price):

5.95%

Payable by:

Buyer

Available as of:

negotiable

Energy Performance Certificate (EPC)

Date of Energy Performance Certificate:

23.08.2008

Type of energy performance certificate:

Residential building consumption certificate

Residential Building - Final Energy Value:

192.00 kWh/(m²?a)

Energy consumption for hot water:

not included

Main energy source:

Natural gas

Year of Construction of the Heating System:

2007

Year of Construction Comment:

One of the three boilers has been renewed recently (1st floor). The other boilers are well maintained and operating very well.

Detailed Information

Size of Landplot:

176.00m²

Building Volume:

1103.67000m³

Freehold or Leasehold?:

Freehold

Annual land tax:

837.48€

Detailed description of property incl equipment:

A rental property in best rental location! The house was rebuilt after the war, and in 1989-1990 it was extensively renovated and expanded.

On the ground floor is an office with shop (no trade, no catering); tenant is in since 2000 and is very reliable. The ground floor has a small front garden; there is also a parking space.

On the first floor is a three-room apartment with a large south-west balcony.

In the attic, which was completely renovated and enlarged in 1989, is also a three-room apartment with balcony. To the building belongs also a small garage (internal length 4,50m) and a parking plot. To this apartment belongs a three years old fitted kitchen (except refrigerator).

The equipment of the apartments is good; the loft apartment in the attic has bright and large window elements in the gallery. There has been virtually no vacancy in the last 10-15 years.

The apartments have separate floor heating (natural gas), which every tenant settling the bills himself with the provider.

Margin (annual net rent : purchase price):

4.2 %

Price per sqm:

4000 €

Description of location:

The house is only a minute away from the upper Leipziger Strasse. Bockenheim is traditionally a very popular location; formerly it was the central living area of the university students. It is now a central, sought-after district for the young population as well as good income people who love the flair of the location. "The Leipziger" is a real scene quarter in which many now popular people in their young years had their regular pub.

Connection to traffic routes / public transport:

The subway stop is about a five minute walk (400m). There are U6 and U7. Frankfurt-West S-Bahn (city rail) station is about seven minutes on foot (600m).

General noise level of location:

Quiet

Number of Units in Building:

Renovations to be done in the building:

No acute. The neighboring tree regularly has to be cut back as it otherwise grows over the roof and clogs the gutter at the south side. This is organized by the House Administration.

Type of heating and warm water preparation:

Gas

More options on heating:

Single apartment boilers

Parking options:

Parking place outside

Parking options:

Single garage

Other information or specialties:

There have been consistently nice tenants in the house.

Which is the most characteristic feature of this property:

Location location location