ZIP Code: 60325
City or town: Frankfurt
City district: Westend
Federal country: Hessen
Asking Price: € 850,000.00
In a nutshell:
Very nice Westend apartment between Beethoven and Westendplatz. 2nd floor, lift, garage.
Year of construction: 1971
Comment regarding year of building: The year of construction was taken from the lift sign, as we do not currently have other documents. It is a post-war reconstruction.
Size of Landplot: 456.00 m²
Detailed description of the object:
In best Westend location you can acquire this four-room apartment with two balconies. Newly furnished and rented for a limited time. The apartment has three bedrooms, a living room, a bathroom, guest toilet, a (not new) kitchen with built-in fittings, and a hallway and two balconies. The building is from the seventies. The two balconies and the top location of the apartment are simply unbeatable arguments for this Westend rarity! Perfect investment.
The building is six-storey, with elevator, natural stone facade and interior paneling in the entrance area, located in the best Westend.
Newly refurbished parquet floor, marble bathroom
Type and age of windows:
Insulated aluminium windows double-pane, 90ies.
Kind and extent of refurbishments:
In 2017 all ceilings and walls newly decorated in white, as needed repaired. Parquet sanded, primed and sealed.
Parking in underground garage
Comments regarding parking situation:
It is a single parking space in the inside garage, which is at ground level, so no underground parking. The parking space is very easily accessible. It is within the purchase price.
Stepless access: Yes
Kitchen built in: Yes
Notes regarding built-in kitchen: The kitchen very well maintained. Age about 10 years.
Description of location:
The south-east bound Savignystraße, where this apartment is located, is a relatively quiet one-way street, known for its facilities of the Jewish community and the (Catholic) St. Anthony's Church with its stucco-rich construction.
Public transport connection:
Trams 16, 17 and the metro station Messe / Westend of the U4 are only a few minutes' walk away. In addition, the area is well served by bus lines.
Connection to traffic routes by car:
You are in a few minutes on the highway (junction Messe) and at the airport. You can walk to the city center on foot or by bike. The walk to the Old Opera is about 15 minutes (1.2 km). About the same distance to walk is to Central Station Frankfurt am Main.
General noise level of location: Quiet
Child friendliness of the location: Very kid-friendly location
Development of bicycle routes: Here, as in the entire inner city, the traffic conditions for cyclists have been significantly improved in recent years; own bicycle lanes facilitate road safety for all participants over long distances. Further traffic route development for bi-wheelers is planned by the city.
Date of Energy Performance Certificate: 20.07.2015
Type of energy performance certificate: Residential building consumption certificate
Residential Building - Final Energy Value: 207,5 kW/m²*a
Energy consumption for hot water included: included
Main Energy Source - Other: Natural gas
Year of Construction of the Heating System: 2009
Year of system installation comment: According to energy certificate
Energy efficiency class: G (< 250)
Type of Condo: Apartment
In which floor (groundfloor=0): 1
Approx. living area: 107.86 m²
Source or reference to the floor space information: This floor space information is taken from the division declaration.
Owner used: No
Rented out (details): The apartment is rented since June 2017 furnished with a time lease. The rent is a flat rate of € 2,500, including all utilities and electricity. The lease is agreed on both sides with two months' notice.
Number of rooms (German counting): 4.00
Number of bathrooms: 1
Guest WC (powder room): 1
Balcony, Terrace, Loggia: Two balconies; one to the west, one to the south according to the orientation of the building
Co-ownership shares: 97,92 / 1.000tel MEA
Share of property on the land in %: 9.792 %
Monthly housing fee: € 481.83
How much (in EUR) of sinking fund payment already included in housing fee: € 52.52
In case of renting out payable amount by tenant: € 400.00
Source of these informations: Billing 2016
Sinking fund amount approx.: € 37,474.18
(More) informations on maintenance reserve fund: The information was taken from the settlement documents for 2016 and extrapolated on the basis that no withdrawals were made from the reserve in 2017 and 2018 to date. A request to verify this information has been sent to the property management.
Reserve fund amount is per: 31.7.2018
Renovations to be done in the flat: It is recommended to renew the windows and balcony door elements. This is up to each owner. Single Rule: Authorization by the Administrator to preserve the external view of the building.
Estimated cost for this: Offer requested
Renovations done in the flat: Parquet renovation, walls, ceilings, balcony repairs. In addition, the apartment was completely refurbished for the purpose of furnished rental.
Special use rights: Car parking space No. 5
Number of flats in the block: 15
General information on the renting situation: Temporary lease with mutual extension options for a flat rate rent of € 2,500.
Further information on the net rental income:
The net rent is calculated by deducting the incidental costs normally incurred by the tenant plus the flow of the apartment. A service charge settlement does not take place. The net amount remaining is about 2000 €.
Is the property fully rented out: Yes
Condition: Community ownership includes a number of measures, such as the renovation of the balconies. For this, see the protocol from 2018.
Status at handover: rented
Available as of: negotiable
When is object available: The apartment can be taken over at short notice.
Freehold or Leasehold: Freehold
Renovations to be done in the building: The balcony renovation is due. The administration is responsible for determining the condition of the balconies, after which a discussion of the further procedure takes place.
Estimated cost for this: no cost estimates available yet
Other information or specialties: In 2016 and 2017, no homeowners' meetings took place.
Other rights and encumbrances: none
Public encumbrances: existing as per online research; detailed information requested on 8.7.2018
Are value-relevant particularities known: The land value in this zone increased by about 165% from 2016 to 2018
What is the outstanding feature of this property: Here the location is the warp and woof of the property
About reason for sale: Departure from Frankfurt
Comment: A rare opportunity to find an apartment in the Savigny street that is charming, comfortable, bright and in good condition.
Appointments for viewings: By arrangement quite flexible possible. Only individually agreed appointments.