Selling Price | 589.000 € |
---|---|
Courtage | no courtage for buyers |
This well-kept apartment building, which was originally built around 1800, combines historical charm with modern amenities. It was completely refurbished in the 1990s and is now in immaculate condition, with no immediate need for renovation. For investors, the property offers a current rental yield of 6.4 % as well as potential for long-term value appreciation.
Property description:
Property: On a generous plot of 1,150 m², the building offers a total living space of approx. 370 m², divided into four attractive residential units.
Residential units: Three of the four units are already let to reliable tenants. If fully let, the annual basic rent is € 37,920. The fourth unit is currently vacant and can either be occupied by the tenant or, if desired, re-let by us, as there are several rental applications.
Renovations & maintenance measures: The building was extensively refurbished in the 1990s, including the roof, façade, windows, electrics, heating system and all pipes. An additional attic conversion was carried out in 2009 using drywall construction, creating additional, official usable space.
Roof: The roof was completely renewed in 2009 and is in excellent condition. Tight insulation between the rafters ensures optimum heat and sound insulation.
Windows: The double-glazed, single-pane windows (built in 1994) contribute to the thermal insulation and are in good condition. We stand 100% behind the quality and value of the building and would like to add our fair opinion that replacing the windows in the next 5-10 years may make sense.
Heating & hot water: A low-temperature heating system from 1998, whose burner was replaced in 2014, provides a reliable heat supply.
The 4,000-liter oil tank, which was completely filled in November 2024, and a modern hot water boiler from 2020 provide additional modern conveniences.
Outdoor area : In addition to two garages and four parking spaces, the property includes a well-kept communal garden, which is available to all tenants.
Construction and fittings:
Historic masonry: The solid exterior walls are made of traditional masonry, while the storey ceilings are designed as wooden beam ceilings in false floor construction.
Interior: The interior walls are made of a solid combination of brick and mixed masonry, which contributes to the longevity and stability of the building.
Additional features: Fireplace connections in the apartments provide additional comfort and appeal to both modern and traditional tenants. A fireplace is already installed on the first floor. The possible connection in all apartments has already been approved by the chimney sweep.
Excellent capital investment:
Yield & tenant structure: with a rental yield of 6.4%, the property offers high earning power and long-term potential for increasing rental income and a surplus of over €8,000 annually
Location & demand: thanks to reliable, long-term tenants and the attractive rental income, this property represents an ideal capital investment. Long-term and permanent lettability without major vacancies is a given.
In summary, this historic, modernized apartment building offers a perfect combination of robust building fabric, an attractive yield and plenty of potential for future value appreciation - ideal for investors looking for a secure, long-term investment.
The property in Windberg offers investors an excellent opportunity to benefit from the growing economy and development in the Lower Bavarian district of Straubing-Bogen.
Due to its proximity to the planned BMW battery plant in Straßkirchen, which will create around 6,000 jobs, the region is developing into a sought-after residential area for skilled workers and their families. In addition, the proximity to the army barracks contributes to the fact that rental demand is both consistently high and potentially increasing.
Transport links and infrastructure:
Excellent transportation links : The A3 and A92 freeways are within easy reach and offer direct connections to Straubing, Regensburg, Passau, Munich and Deggendorf - ideal for commuters.
Local amenities: There are shopping facilities, pharmacies and restaurants in the immediate vicinity.
Hunderdorf, just three minutes away by car, covers daily needs and makes life easier for tenants.
Family-friendly environment: Schools, kindergartens and a well-developed infrastructure make the region particularly attractive for families and encourage demand for larger residential units.
Economic growth and property value appreciation: The positive economic development, driven by the BMW battery plant and other local companies, is expected to lead to rising rental income and a stable increase in the value of the property.
Windberg offers a unique combination of rural charm, excellent connections and growing infrastructure, making this property a future-proof investment with high rental potential.