House for sale in Burscheid, Germany

Property Description: Property Overview: * Price: 1,700,000€ * Location: 51399 Burscheid A) A mixed-use complex consisting of both residential and commercial spaces, featuring seven apartments and a grocery store. The building is constructed on a single-to-two-story structure, with a basement (367m²) and a flat roof. The apartment sizes range from 76m² to 208m², providing a total living space of 808m² and a usable area of 404m². The building was constructed in 1937 and expanded in 1960. A comprehensive renovation of the apartments was completed between 2012 and 2016. B) A 4-unit residential building with a two-story construction and a basement. It offers a winter garden and two garages. The building was constructed in 1890 and underwent renovations between 1965 and 1997. Property Highlights: * Mixed-use complex with residential and commercial spaces * Four residential units and a grocery store * Gas-based central heating system (Viessmann Vitocrossal CM3) * Electricity supply through transformers and a shared meter, with energy costs included in the rent * Rent-controlled apartments with a 146m² unit with a garden, and an agreement in place for no rent increases until 2042 * Catalogued as previous fuel storage site in the Soil Pollution Register, which may result in potential complications during groundwork Former owners' legal disputes and abrupt abandonment for EUR 1,190,000,00, which includes 30% discount on the appraised value and eliminates notary fees and commission. Aside from the ground floor apartment rentals, the building also holds an existing grocery store lease. Secure your property at a discounted rate and enjoy timeless convenience. Property investment potential: With its Finders brokered discounted price and ideal location, you can now make a smart, subtle investment to reap long-term returns. Despite some minor cosmetic structural issues, renovation costs are expected to be manageable, which justifies the risk-to-reward ratio. Additionally, the rental income coupled with the promising appreciation potential for this property in a desirable urban locality speaks for itself. Property rental potential: With a multifaceted configuration of residential and commercial units, the property can attract a range of tenants, making it an appealing and lucrative rental investment. Constant demand, a prime location, existing tenants, and managed renovation and rebranding prospects increase its likelihood of sustained income. The property's resilience to market volatility, cornerstone-like stability in the real estate market, and continuous consumer confidence feed into its promising rental potential. Understanding the property's potential from a lifestyle perspective: One could approach this property investment from a lifestyle aspect, preferably when seeking to reside in a low-maintenance environment with a significant discount, relative to the market standard, and with a built-in community benefit from the existing shops. With unit sizes ranging from compact to expansive, this property could cater to diverse needs, be it a home for a young professional or an extended family. Boutique leisure options and local amenities, like schools, parks, shopping, and recreational spots, make this property an enviable lifestyle purchase. Add to that the historical charm of the buildings, and the property's landscaping offers a perfect setting for all residents to enjoy. In conclusion: with its intriguing architecture, proximity to amenities, sought-after ambiance, ongoing tenant relationships, and low-risk, high-reward potential, this property would be a sensible long-term investment and a bespoke lifestyle acquisition, all at once. Secure the opportunity and transform your living experience, whether as an owner or an occupant, while t 'roductively renting.