Description:

In total, there are 2 commercial and 18 housing units. Both commercial units and 9 of the housing units are located within the front building, the remaining 9 housing units are situated in the garden house. 5 of the housing units in the front building come with balconies facing southwards toward the courtyard- adding more balconies seems possible. The garden house also comes with windows on both sides, making the apartments very well lit.

The property offers great potential concerning the development of rent: the current average for net basic rents are approximately 4,70€/m2 for the housing units, for both of the commercial units approximately 7,90€/m2. The currently vacated housing unit has been set at a target calculation of 5,88 €/m2.

Highlights:

* Location on strong demand
* Great infrastructure: numerous bus, metro train (S-Bahn) and Tram-connections in close procimity
* Shopping facilities within walking distance
* Roughly 15 minutes from the new airport BBI
* Gas apartment heating
* Average annual net basic rent for housing units: 4,70 € / m2

Location

The Kinzerallee is a small side road of the Bahnhofsstrasse - the access to shopping facilities and public transport is excellent.

Commission

Upon the notarization of a property from this offer, a buyer ́s commission of 7.14% incl. VAT of the purchase price is payable.