Frankfurt-Nordend: Mixed commercial and residential unit - 6% yield!

Object Address

PLZ-ZIP Code:

60318

City:

Frankfurt

District:

Nordend

Country:

Germany

Vital data

In a nutshell:

Unit with shop and two flats as investment property in Frankfurt! Yield 6%+. Nice Nordend location, fully rented, reliable rental income. Size about 107 sqm, ground floor. Building from end of sixties, very neat, well cared for modernized building. In case of vacancy it can also be newly rented as commercial only, for example for doctors practice, lawyer, agency, flower shop or similar, as it is a registered commercial object and its unlikely that new commercial space will be allowed in that area.

Type of Investment Property:

Shopping area

Year of construction:

1968

Condition:

good general condition

Status at handover:

rented

Current net rent per month:

1130.00€

Asking price (Euro):

195.000€

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

5.95%

Payable by:

Buyer

Available as of:

negotiable

Detailed Information

Size of Landplot:

400.00m²

Freehold or Leasehold?:

Freehold

Annual land tax:

526.80€

Detailed description of property incl equipment:

This unit has a size of 1160 sqft, and is divided currently in a shop with street side window, a one bedroom with kitchen, bath and storage room and a studio with kitchen, bath and storage. One cellar belongs to the unit.

Description of location:

Preferred residential and commercial unit in Frankfurt Nordend (upper part of Spohrstrasse), near to center and with good traffic commute. The street is a limited traffic road one-way. All shopping facilities are reachable within a few minutes. Technical university practically around the corner.

Connection to traffic routes / public transport:

To underground U-5 Deutsche Bibliothek only five minutes walk, to highways A661 or A66 only five minutes by car.

General noise level of location:

Quiet

Anzahl Einheiten im Gebäude:

Renovations done in the building:

The building is of strong and well cared for substance. Heating and warm water central with oil. The heating system was renewed about 1998 (as per energy pass). Windows with shutters and insulated glass. Very good house management.

Renovations to be done in the building:

For the refurbishment of the balconies a spezial reserve is being built. The work shall be done in 2011. The annual share of this unit in this is 649.91 EUR per year and is contained within the house management money of 461 EUR per month.

Type of heating and warm water preparation:

Petrol

More options on heating:

Central heating system

Age of heating system approx.:

13years

Type of energy pass:

Based on consumption

Value (kWh/m2*a):

160.00

Including energy for warm water?:

Yes

Parking options:

Public residential parking with pass

Comments regarding parking situation:

Its easy there to park at the street usually.

Other information or specialties:

The unit counts as one in the division plan. It was converted at some point in a shop and two small apartments, but this was not changed in the division deed and the land registry.
The current two apartements have kitchen furniture and appliances.

Which is the most characteristic feature of this property:

Good yield in very good location!

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PDF Files / Floorplans:

Floor plan

View of building

Well maintained entrance area

Disclaimer:
All data given here are based on the informations from the seller or owner and are without any guarantee by the agent or broker.
Especially room sizes or area sizes are not verified. If there is any doubt we recommend to verify the area sizes or living area.