ZIP Code: 60439
City or town: Frankfurt
City district: Heddernheim
Federal country: Hessen
Asking Price: € 108,000.00
Comment on purchase price: ca. 4% on warm rent less utilities
Price per sqm living or other space: € 2,360.00
Brokerage commission incl. VAT (% of notarized purchase price): 5.95 %
Commission payable by: Buyer
Note on the commission: The buyer pays at the conclusion of the notarial deed a commission in the amount of 5.95% of the authenticated purchase price.
In a nutshell:
Stably rented small hairdresser shop, in the middle of the old Heddernheimer city center on the Heddernheimer Landstrasse; reliable tenant, operates the shop since 2004. The interior has been set up by her own (including small fireplace, new laminate). Shop is part of a real estate consisting of three buildings. Each building carries its own repair costs, only land and fence and shared areas or facilities are divided among all.
Year of construction: 1895
Comment regarding year of building: As specified in the energy certificate
Detailed description of the object:
See photos from the store
Other data to the property:
The interior is completely owned by the tenant. If you want to use the shop for yourself, you must pay a suitable compensation to the current tenant. Also, the acquisition of the regular clientele would have to be negotiated with the tenant.
Disabled accessible: Yesq
Stepless access: Yes
Size of Landplot: 512.00 m²
Description of location:
Heddernheim is a location very much loved by the locals. It is similar to Sachsenhausen, Bornheim, Rödelheim, Bockenheim - one is Frankfurter, but first and foremost one is Heddernheimer. The shop is located in the central Alt-Heddernheim with its narrow streets and cozy shops and localities. The location is very popular, the small shops are happy to be rented because they are affordable and lucrative for the individual operator.
Connection to traffic routes by car:
Heddernheim has a train station with two S-Bahn lines (S6 and S8), has metro 1,2,3,4,5 and 8; It's quick on the Eschersheimer Landstraße, or on the A66 or A661 motorways.
General noise level of location: Quiet
Supplement to noise level: One could almost speak of a village-type low-noise level. However, this changes abruptly on Shrove Tuesday, the day of the "Klaa Paris" - when in Heddernheim the true, historical Frankfurt Fasenacht is celebrated with the unique parade. And if Heddernheim is famous for anything, then really for this carnival! Klaa Paris was created in 1839 .... read Wikipedia (see link below).
Date of Energy Performance Certificate: 25.08.2008
*Type of energy performance certificate: Residential building demand certificate
*Residential Building - Final Energy Value: 214,6 kW/m²*a
Energy consumption for hot water included: included
*Main energy source: Natural gas
Year of Construction of the Heating System according to EPC: 1995
Type of heating and warm water preparation: Gas
More options on heating: Separate Boiler
Air condition: No
Type of Condo: Ground floor
Source or reference to the floor space information: Taken from the housekeeping balance bill
Rented out (details): The store is since 1.7. 2004 leased to the current operator. The lease ran until 1.7.2009. Since it was not terminated by any party, the termination regulation is based on the legal requirements. The tenant is interested in continuing to operate the store for many years as it is running very well and it is very popular.
Number of rooms (German counting): 2.00
Co-ownership shares: 41/1.000tel MEA
Share of property on the land in %: 4.10 %
Monthly housing fee: € 135.00
How much (in EUR) of sinking fund payment already included in housing fee: € 30.00
In case of renting out payable amount by tenant: € 55.00
Source of these informations: Balance of house costs 2016
Sinking fund amount approx.: € 11,907.63
Reserve fund amount is per: 31.12.2016
(More) informations on maintenance reserve fund: Some major repair measures were partly financed from the reserve fund, partly also from special allocations. See meeting minutes.
Commercial or other usable space: sqm 45.75
Condition: There are still some works to be done on the entire property, which are made bit by bit. This is evident from the protocols.
Shop area on ground floor level: 45.75 m²
Explanation to area size:
A review of the area information, which comes from the annual account of the housekeeping, resulted in a smaller size by approximately 10m ² usable area. Should this be confirmed, the purchase price must be adjusted accordingly, based on the current price per square meter of usable space of € 2,360.
Current net rent per month: € 353.00
Further information on the net rental income:
The tenant pays a warm rent of 453 €, which is not balanced every year.
Is the property fully rented out: Yes
Status at handover: rented
Available as of: negotiable
Annual land tax: € 81.48
Margin in % (annual net rent : purchase price): 4 %
Other information or specialties: The divisional declaration is not yet available to us; she is requested at the District Court.
See also the following links (all in German, sorry):
All about the city part of Heddernheim
Wikipedia about Heddernheim
Klaa Paris - the stronghold of the Frankfurt carnival
Everything about the carnival parade No. 179 in 2018
What is the outstanding feature of this property: Solid investment with good returns
About reason for sale: Asset disposition
Comment: The hairdressing shop has existed here for 75 years, and there is a large certificate about it
Appointments for viewings: Saturdays by prior arrangement