$428,221

A listed residential and commercial building with a charming half-timbered character is for sale directly in the town center of Einbeck. The property impresses with its prime location in the city center, which provides excellent access to all public transport and amenities in the city. The property consists of two interconnected mid-terraced houses built in 1550 and 1594, in keeping with the townscape of the historic half-timbered town of Einbeck.The buildings comprise a total of six residential units spread over three floors, as well as a commercial space on the first floor. The apartment on the 3rd floor is occupied by the current owners themselves. Of particular note is the adjoining building with approx. 120 m², which is vacant and in need of renovation. There is an opportunity here to create additional living space or to use the building for other purposes. Individual design options and modernization offer additional potential for rent increases in the long term.The highlight of this property is the recently (2022) completely renovated retail space, which spans both buildings. This has already been let on a long-term lease and therefore offers a reliable source of income for the future owner.A number of renovations have been carried out, including the windows in both buildings as well as the electrics and pipes. The houses are heated by a gas central heating system, which was installed in 2000. This ensures an efficient and cost-effective heat supply in all rooms.The annual net cold rental income currently amounts to around 32,625.00 euros. The property is in a sound condition and offers potential for further refurbishment and rent increases, which have not yet been fully exploited. As a result, a future owner could achieve further financial benefits and thus an increase in yield.In summary, this historic residential and commercial building with a rentable area of approx. 592 m² and a plot area of approx. 246 m² offers a solid investment with further potential. The property is suitable for both tradespeople and investors looking for individual scope for development.If we have aroused your interest, we will be happy to provide you with personal advice and arrange a viewing appointment.If required, the "Von Poll Finance" financing department will be happy to assist you.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Other
• Home size: 4,316 ft² / 400.97 m²
• MLS: 24448001b
• Web ID: D5CGKJ
• Status: Available