$3,601,795

The Art Nouveau apartment building, built in 1909, was modernized in the course of an extensive core renovation in 2022/2023 and is located in an up-and-coming district of Wilhelmshaven. With a total living space of approx. 981 m² and a plot size of approx. 482 m², the property, which has a basement, comprises twelve residential units that are currently used as vacation accommodation. With an annual income of 272,635 euros, the property offers an interesting investment opportunity.As part of the refurbishment, the entire building was brought up to date both technically and visually. All apartments are fully furnished and have high-quality fitted kitchens equipped with brand-name Siemens appliances. The bathrooms have been completely modernized and meet current standards. A separate Vaillant gas condensing boiler was installed for each residential unit for the heating supply. Eight residential units were retrofitted with balconies, further enhancing living comfort. Real wood parquet flooring was also laid in all apartments, which supports an attractive interior design.A new elevator has provided barrier-free access to all floors since 2023. New double-glazed windows, security doors and a locking system with modern chip technology have also been integrated. Each residential unit is also equipped with a door station with a camera intercom system to further increase convenience and security. In addition, the digital access system allows guests to open the door easily and conveniently via the internet, minimizing the amount of staff required for administration.Living space: Apartment 1 (ground floor), approx. 86.43 m² Apartment 2 (ground floor), approx. 86.43 m² Apartment 3 (1st floor), approx. 67.25 m² Apartment 4 (1st floor), approx. 62.22 m² Apartment 5 (2nd floor), approx. 74.25 m² Apartment 6 (2nd floor), approx. 109.06 m² Apartment 7 (2nd floor), approx. 95.29 m² Apartment 8 (3rd floor), approx. 109.06 m² Apartment 9 (3rd floor), approx. 95.29 m² Apartment 10 (top floor), approx. 64.78 m² Apartment 11 (top floor), approx. 55.47 m² Apartment 12 (top floor), approx. 70.41 m²The property is centrally located in Wilhelmshaven. Vacation guests can reach the city center with its numerous shopping facilities and restaurants as well as the popular Südstrand beach and Bontekai quay in just a few minutes on foot. The inner courtyard offers additional development potential, for example for setting up a barbecue area or a children's play area to further increase the attractiveness for guests.The vacation apartments are managed by an external provider and can be taken over if required. This includes booking management, cleaning, billing and marketing of the units, thus ensuring smooth business operations with minimal effort for the owner. An optional parking space is available and can be purchased separately if required.The energy certificate is available. The property can be purchased immediately as an asset deal.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 0 ft² / 0.00 m²
• MLS: 2433530C
• Web ID: BMEZ52
• Status: Available