Wohn- und Geschäftshaus in Plauen - 6 Einheiten plus Ausbaupotenzial

Equipment

Foreword

The apartment block on offer, dating from 1863, is one of the oldest buildings still standing in the Klostermarkt district of Plauen. As of 25.09.2024, the property is 80% fully let and still has an expansion reserve of approx. 190 m² of residential or commercial space in the currently unfinished attic (currently only attic rooms).

Most of the building fittings date from the 1993 refurbishment

1) Roof covering

Shingle roofing on the street side

2) Brickwork

Brick with coloured exterior plaster

3) Windows

Plastic composite windows with insulating glass except in the 1st floor catering area, where wooden windows with insulating glass were installed / no external blinds available

4) Heating

Gas central heating incl. hot water preparation is currently being modernised by the owner to a modern gas condensing boiler

5) Local development

Fresh water - natural gas - electricity - telephone/DSL

6) Waste water

integrated into the sewerage system

7) Parking spaces

Public traffic areas in front of the property (no direct property access possible)

Division of residential units (fully let)

1) Ground floor (shop units)

GW01=299m² floor space / GW02=50m² floor space

2) 1st floor (restaurant

GW03=365m² floor space

3) 2nd floor (office units)

GW04=78m² floor area / GW05=115m² floor area

4) Top floor

WE01=75m² floor space
Remaining roof area currently not developed and fitted with attic rooms. The construction of living space may have to be examined via a building application. The attic with approx. 193m² of living or commercial space still represents a reserve for expansion.

Object notes

Notes

1) Building

In 2019, the façade of the "extension building" Untere Endestr. was completely painted.
The heating system was modernised in Oct 2023
Construction of residential or commercial space in the attic is subject to approval and must be clarified by the buyer via a building application
Addition of a balcony may require approval via building application (approval of building application to be checked by the buyer)

2) Plot of land

There is no private car access to the inner courtyard
Standard land value is 245.00 EUR/m²

Beschreibung

3) List of building encumbrances

A search of the register of building encumbrances revealed no negative entries

Invest in one of the oldest and most charming apartment blocks in Plauen. Built in 1863 and renovated in 1993, the building at Oberer Steinweg 8 in Plauen_Klostermarkt offers an excellent opportunity for investors. On a plot area of approx. 470 m², the property offers a total of six units, including commercial and catering space on the ground and upper floors as well as a current living space of approx. 75 m² on the top floor. The top floor also has a conversion reserve of approx. 193 m² for further residential or commercial space.

The building is currently 80% let, generating annual rental income of approx. EUR 36,546.24. Once fully let, the income could rise to approx. 58,000 EUR. The property has been continuously maintained and was last modernised in 2023, including with a new central gas condensing boiler.

Energy pass

Latest modernisation	2024
Hot water included	No
Heating type	gas
Monument protection	No

Areas / rooms / reference

Rooms	19
Living area	75 m²
Office area	193 m²
Catering area	364.66 m²
Retail space	349.96 m²
Total lettable space	982.62 m²
Plot area	470 m²
available from	nach Erwerb

Prices

Purchase price	585.000,00 €
Actual rent	36.546,24 €
Target rent	58.000,00 €

Maklercourtage

Buyer's commission

18.796,05 Euro inkl. 19% MwSt.

Address data

Objectnumber	K42-1
Street	Oberer Steinweg 8
Postcode/location	08523 Plauen
Urban area	Monastery market

buy - Oberer Steinweg 8, 08523 Plauen

Residential and commercial building on the Klostermarkt in Plauen - plus expansion reserve