$884,513

The portfolio comprises a commercial property with two buildings (7 residential units and 4 commercial units) on a plot area of approx. 2,659 m², centrally located at the railroad station in Norden. The fully accessible property has two access roads and offers 40 parking spaces.The front building (built approx. 1910, NOT a listed building) comprises approx. 144 m² of residential and office space (apartment on the upper floor, office on the ground floor), approx. 87 m² of catering space (snack bar) and an arcade with approx. 114 m². The rear building (built in 1998) offers approx. 544 m² of commercial space at ground level (including accessible loading area) and approx. 415 m² of living space on the second floor - divided into six apartments, each with balcony/loggia and storage room in the attic.There are currently two vacancies each in the commercial and residential areas. As the rent has not been adjusted in the long term, the current actual net cold rent amounts to around EUR 4,296 per month or around EUR 51,555 per year. With an adjustment to a standard market rent of EUR 7.50 per square meter and the letting of the vacancies, a TARGET net cold rent of around EUR 10,521 per month or around EUR 126,253 per year can be achieved. This enables a target factor of 6.72.Another plus point is the direct location on a busy main road. The immediate vicinity is characterized by the train station as well as numerous stores and service providers, including Pit-Stop, Burger King, Aldi, Rossmann, NKD, Deichmann, Kaufland, cleverFit, Apollo, Wein Depot and others - all within a radius of around 300 metres. There is also a bus station in the immediate vicinity.The energy certificate is currently being prepared. Further documents are available on request.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Condo
• Home size: 0 ft² / 0.00 m²
• MLS: 24335002C
• Web ID: URN5WQ
• Status: Available