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4

20 room luxury House for sale in Kempten (Allgäu), Germany

€ 922,000
440 m² 3 4

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Description

The residential and commercial building under ensemble protection is located in the old town (imperial city) of Kempten and is unencumbered. It has core walls from the 19th century. The building is located across from St.-Mang-Platz and approx. 150 m from a large multi-storey car park. The house is currently fully rented. The gross rental income in 2021 was around €33,698. The income was offset by expenses of around €13,000.00. On this basis, there is a net income of approx. €20,000, which corresponds to a yield of approx. 2.2%. The units are rented including heating and electricity. The commercial leases are cold leases. Since very high additional payments were due in 2021, the warm leases were adjusted accordingly. The ground floor and the first floor are rented commercially. According to the owner, the first floor could be reassigned to living space. Various renovation and modernization measures were carried out in the years 2013 - 2019: - 2013: Renovation and expansion of the shop on the ground floor - 2015 complete renovation of the two apartments on the 2nd floor - 2016/2017 conversion of a former children's room into a student apartment - 2019 change of use of the 3 apartments on the 1st floor in commercial premises - expansion and renovation of the outbuilding for commercial use - the entire 1st floor and the outbuilding were rented long-term for 10 years (until 2029) Other trades require renovation. The discoloration of the facade is due to the wall structure and the construction of the house. Kempten - the Allgäu metropolis! In addition to 2000 years of history and Italian flair, the "Roman city" presents itself today as lively and modern. The second largest city in Swabia is in good financial shape with around 70,000 inhabitants. With the "Forum Allgäu" with over 90 specialist shops on approx. 23,000 m², the city has established itself as a leisure and cultural center. The Cambomare takes you into an adventure pool world with a spacious sauna landscape. A multiplex cinema - the Colosseum Center - invites young and old to visit the cinema; small bistros and cafés, numerous buildings and museums offers you a varied cultural life. One of the annual highlights in Kempten is the Allgäu Festival Week - as a highlight of regional economic life - with its extensive supporting program of Allgäu customs and tradition, culture, sport, and much more. In addition, top-class events are held in the "BigBox" multifunctional hall all year round. Due to the convenient location, the neighboring countries of Austria and Switzerland can be reached within a good hour's drive, as can the Bavarian capital Munich. The independent city also has very good rail connections. Kempten as a university location has a very wide range of educational opportunities; Everything is represented, from crèches to kindergartens, various primary and secondary schools, universities and vocational schools to special and special needs schools. With a clinic and several medical care centers, as well as numerous medical practices and pharmacies, your health is also well taken care of. Distances to the next larger cities: -Oberstdorf: 40 km -Memmingen: 35 km -Munich: 128 km -Neuschwanstein Castle: 50 km -Lindau (Lake Constance): 71 km-Multi-family house with 3 residential units and 2 commercial units -built around 1890- under ensemble protection - currently fully rented - 3-room apartment with approx. 85 m² of living space - 2-room apartment with approx. 65 m² of living space - 1-room apartment with approx. 29 m² of living space - commercial space on the ground floor with approx m² area - commercial space on the 1st floor and rear annexe with approx. 180 m² area - gas central heating and infrared heating There is an energy requirement certificate. This is valid until August 9th, 2032. Final energy requirement is 249.90 kWh/(m²*a). The main source of energy for heating is gas. The energy efficiency class is H. Final energy requirement: 249.90 kWh/(m² a)

500

Details

Rooms
20
Bedrooms
4
Bathrooms
3
External size
259 m²
Size
440 m²
Reference
22062003
Status
Good
Year of construction
1890

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