$652,010

For sale is a historic residential and commercial building in an excellent city center location in Luckenwalde. This Wilhelminian-style building was erected around 1900 in solid construction. Like the other adjoining buildings, it is part of the attractive town center of Luckenwalde and is also located in the "town center" redevelopment area. However, it is not a listed building.The residential and commercial building was extensively renovated in 1992. Original elements, such as the front door and most of the wooden windows, were reconstructed accordingly.At the time, the property was used by a renowned bank, which is still visible in various features.The 1st floor is also commercially characterized with offices.There are 2 two-room apartments on the top floor.The special location with direct access to the center of Luckenwalde makes the property interesting not only for investors and owner-occupiers, but also for local tradespeople and tenants.After consultation with the Luckenwalde town planning office, the prospect of converting the 1st floor from commercial (office space) to residential use was approved.RENTAL ACCEPTANCE IS: 100% vacancy = € 0TARGET RENTAL INCOME: €47,923/p.a. (commercial)9,926€/p.a. (residential)Total € 57,849 p.a.ROI TARGET: 5.26 %Factor TARGET: 19UTILIZATION CONCEPTS:- Public administration- retail- Gastronomy- Medical practices (doctors or therapeutic practices)- Dental laboratories, laboratories of all kinds- Law firms (lawyers/tax consultants)- Architecture and engineering offices- Advertising agencies- Event agencies- Print shops with machinery- IT support agencies- Internet sales & trading companies- Energy & infrastructure suppliers- Organizations, institutions, associations, foundations- Regional administration- Photo studios- Insurance and financing agencies- Workshops with a silent focus- Specialist craft businesses with a silent focus

Amenities

• Bedrooms: 8
• Full Bathrooms: 4
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 2,981 ft² / 276.94 m²
• MLS: 23206077-WOH
• Web ID: H4KKJQ
• Status: Available