House for sale • 196 m² without real estateStuttgart Bad Cannstatt Baden-Württemberg 70376

Below is the complete English translation of the text enclosed by the tag:

This multi-family house, located in a very good and sought-after area, offers the buyer an enormous opportunity to quickly achieve and capture significant value appreciation. Ideal for

– Craftsmen and companies that can carry out the modernization work wholly or partially on their own

– Capital investors and speculators who wish to depreciate their investment quickly and significantly: 100% of the total construction costs when rented, over 8 years at 9% and then 4 years at 7%

– Owner-occupiers (multi-generational house) or those combining self-use with partial rental/sale: 90% of the total construction costs eligible for tax depreciation spread over 10 years at 9%

Completely tenant-free: immediate implementation of desired measures and uses possible

Increase in living space immediately or at a later stage: building permit in place

The substance of the residential building is good. Modernizations required: heating, electrical system, and in part insulation.

Advantages:

+ (1) Very good location

+ (2) Tenant-free

+ (3) Building permit

+ (4) Increase in units and living space

+ (5) Division into condominiums: Value appreciation

+ (6) Market-appropriate apartment sizes

+ (7) Freestanding

+ (8) Value appreciation through personal modernization

+ (9) Enhanced tax depreciation or subsidies

+ (10) District heating possible

+ (11) No commission

+ (1) Very good location

Stuttgart, Bad Cannstatt, near the Neckar River, very quiet, top connectivity/infrastructure – see location description

+ (2) Tenant-free

The residential building is currently not rented. This unusual stroke of luck – that a multi-family house is completely tenant-free – brings the following significant advantages:

+ Immediate start

of any kind of construction project is possible

+ Quick and practical execution

without having to consider current residents

+ Savings in construction costs

faster execution shortens the duration of work

trades can offer more competitive prices

+ Savings in financing costs

lower duration and amount of interest expenses

+ No payments or compensations to tenants

+ New rental contracts

When rented: brand-new (!) maximum possible net cold rents, especially after modernization (no old contracts!)

+ Earlier sale

In the case of a sale: faster receipt of the purchase price

+ (3) Building permit

is already in place. It entitles you to add an extra floor and to build four balconies, as well as the conversion of the attic. Based on optimal utilization of the conditions and guidelines regarding the achievable living space (approx. 309.31 m²), there is no waiting time, no uncertainty. Implementation can start immediately or be planned for the coming years (for example, while the building is still rented) – see features and other details

+ (4) Increase in units and living space

see features

+ (5) Division into condominiums: Value appreciation

According to experts familiar with the project, this is simple, cost-effective, and quickly achievable. After subdivision, the overall sales proceeds from selling the apartments are expected to be significantly higher.

+ (6) Market-appropriate apartment sizes

4-room apartments with about 70 m² of living space are ideal for the current demand – see features

+ (7) Freestanding

Favors construction measures – thus reducing costs, and also offers more flexible uses

see features

+ (8) Value appreciation through personal modernization

Increase in own value creation. Fewer restrictive regulations compared to new construction

see features

+ (9) Enhanced tax depreciation or subsidies

are possible here – see location description

+ (10) District heating still possible – see other details

+ (11) No commission

Sold privately. NO broker commission applies.

The buyer saves the usual commission compared to similar offers, thereby preserving his/her equity and reducing financing costs – see other details

Location Scoring: Very Good

According to the renowned real estate evaluation by Sprengnetter (point system from –10 to 10):

Macro-location: For the Stuttgart district: 7 (very good); for Baden-Württemberg: 7 (very good); for Germany: 4 (good)

Micro-location, property location: 7 (very good)

“Location Scoring: Qualification of market and site quality for the assessment of the mid-term sellability and the collateral risk of a property”: 7 (very good)

Centrally on the Neckar:

The property is located in the immediate vicinity of the Neckar River, close to Stuttgart’s center and even in the center of Bad Cannstatt. It offers an elevated lifestyle; the special atmosphere of the river and old town is palpable, and the seasons can be experienced in nature despite the central location and complete infrastructure.

Very quiet:

The residential building is situated on a traffic-calmed one-way street (30 km/h), which contributes to the peaceful environment.

Excellent connections/infrastructure:

On foot or by bicycle you can quickly and directly reach the old town and city center.

Fast access by car in all directions: B 10, 14, 27, etc.; motorways 8, 81.

Immediate connection to the regional rail network:

Around 20 minutes to Stuttgart city center with departures every 10 minutes directly, via tram U14 or U6, U7, bus 52, 56, among others. In 10 minutes on foot to the major transport node – Bad Cannstatt Wilhelmsplatz station: S-Bahn S1, S2, S3 and additional tram lines in all directions.

Complete daily life infrastructure:

Bad Cannstatt market square; all kinds of shops; kindergartens, schools (primary, secondary, grammar school), universities, restaurants, doctors, hospitals, churches, etc.

High recreational value:

Nearby is the famous Wilhelma Zoological-Botanical Garden, which spans about 30 hectares and houses around 11,000 animals from around the world. Enjoy relaxing walks, cycling trips to the vineyards, along the Neckar River, or through the Rosenstein Park towards the city center. There are also facilities such as the Bad Leutze or Bad Berg mineral spas; Max Aitz Lake; the Cannstatter Wasen, and much more.

Enhanced tax depreciation or subsidies

of the total construction costs:

• For rental use: Depreciation rate of 100% over 8 years at 9% and subsequently 4 years at 7%!

• For owner-occupancy: Depreciation rate of 90% over 10 years at 9%!

These options here, according to § 7h, 10f or 11a of the Income Tax Act (EstG) in conjunction with the certification guidelines of the state of Baden-Württemberg (StBauFR) within the redevelopment area, are available. Further details are available upon request.

Immediately adjacent to the planned new “Konzertforum am Neckar”

This property lies directly at the site of the planned new “Konzertforum am Neckar” on the former Rilling-Sekt area along the Neckar river. A final decision on this project has been postponed due to the current budget freeze. It is envisioned as a new cultural centre serving as a public meeting place, including concert halls, a meeting plaza, all-day catering, a roof terrace, and new panoramic views over the Neckar, Rosenstein Park, etc. Further information is available on request. Should this new hotspot, with its significant regional attraction and pull, materialize, it will likely lead to a marked uplift in the value of the neighbourhood and apartment prices.

Existing multi-family house

Freestanding, built in 1952/1953, plot size: 164 m²

Access only via the lockable gate at the driveway entrance. Private driveway. Quiet rear courtyard.

3 floors, 3 apartments

Fully basemented

Each floor has one apartment in a market-appropriate size, consisting of 3 rooms, a kitchen, a bathroom/toilet, a hallway, and an additional room (with a washbasin) that can easily be integrated into the apartment.

Total number of rooms: 12

Living areas (approx.):

Ground floor: 67.5 m²

First floor: 67.5 m²

Attic floor: 61 m²

Total living space (approx.): 196 m²

1 officially approved car parking space on the property; in addition, there is driveway space and room for bicycles, etc.

Features:

• Massive wooden entrance doors with mullions and glass at the entrances to the house and the apartments.

• Staircase with a solid, well-crafted and well-maintained wooden staircase.

• Very good layout of the apartments: no through rooms, all rooms accessible from the hallway, natural light from east and west. High ceiling heights.

• All rooms have windows. Double-glazed wooden windows with wooden shutters. Floors are wooden parquet in the rooms on the ground and first floors, and wooden boards on the second floor; solid wooden doors.

• Kitchens with windows, stone sinks, and stone-tiled floors.

• Bathrooms/toilets with windows and bathtubs, tiled.

Basement:

• All rooms have windows: a utility room, 3 lockable basement storage compartments corresponding to the 3 apartments,

1 separate room, and 1 lower-lying vaulted cellar.

Attic:

• Not developed, divided into two parts, partially lockable.

Energy Supply:

• Tile stoves in the ground and first floors; a single coal stove on the second floor; professionally cleaned and inspected.

• A gas connection is available in every apartment: hot water is provided via a gas-powered instant water heater.

Condition:

The overall substance of the house is good. The façade has been freshly painted and is in good condition. The roof, metalwork, gutters, and wooden windows have been maintained. The attic is solid and dry; the beams, rafters, etc. are well preserved, as is the entire basement: dry and well-ventilated.

Planned Modernizations:

Heating system (district heating possible), expansion of the electrical system, possibly windows, and partial insulation

Planned Renovations:

Kitchens, bathrooms, interior painting

Option: Implementation of the Building Permit

Additional floor

With the implementation of the building permit, the current three-story house is raised by one floor. In addition to the 3 existing apartments, one more apartment is added.

The planning includes 4 apartments, each with 4 rooms, a kitchen, a bathroom/toilet, and a balcony.

The top apartment spans 2 levels with an internal staircase from the first attic to the developed second attic – resulting in a special, spacious maisonette apartment with corresponding panoramic views.

4 balconies

All four apartments will then each have their own southwest-facing balcony of about 6.20 m². As recent experiences have shown, the balconies are likely to contribute significantly to the property’s long-term value.

Achievable living areas (approx.):

The extensions increase the existing living space of approx. 196 m² by approx. 113 m² to a total living area of approx. 309.31 m².

Apartment No. 1: 4-room apartment on the ground floor – 71.04 m²

Apartment No. 2: 4-room apartment on the first floor – 71.04 m²

Apartment No. 3: 4-room apartment on the second floor – 70.85 m²

Apartment No. 4: 4-room apartment on the first attic (69.43 m²) and on the second attic (26.95 m²) – Maisonette total: 96.38 m²

(Balconies accounted for at 50%)

Planned/achievable total living area (approx.): 309.31 m²

Floor plans see PDF

Existing total usable area (approx.) of 93 m² results from the full basement (with 4 rooms, 63 m²) and the attic storage space (from 2 m height, 30 m²).

Possible new layout of the basement according to the planning:

In front of the staircase there will be space for strollers etc.; the existing utility room will be retained; the plan includes 4 storage rooms with a total of approx. 15.43 m² plus 4 basement compartments for the 4 apartments with a total of approx. 12.98 m²; and a heating system boiler room.

Floor plans see PDF

Illustrations

Illustrations A only exemplify one possible implementation.

Illustrations B depict the implementation in an abstract manner so that possible features are easier to envision, and the layout of the plot is traceable. The 3D presentation of the planning floor plan for Apartment No. 2 on the first floor also serves as an example for the almost identical floor plans for Apartment No. 1 (ground floor) and Apartment No. 3 (second floor).

Floor plans, elevations, sections

Yellow markings each indicate the planned changes to the existing conditions, red indicates what is new in the planning.

Financing

For the financing of this project, possibilities and assistance can be offered if desired, based on our experience and cooperation with credit institutions and specialists, to develop a tailor-made financing concept and secure the most favorable terms.

Sale by Private Party

No Commission

NO broker commission applies.

With a commission of 4.76% including 19% VAT on the purchase price of EUR 649,000, the buyer would incur costs amounting to EUR 30,892.40.

In comparison, the acquisition costs (additional costs) here are lower.

This amount can instead be invested into the buyer’s own capital.

Any financing costs for this amount would also be avoided in comparison.

Disclaimer

Please note: The valid details can be found separately in the building permit documents. All representations are for illustrative purposes only – especially furnishings and equipment are used solely for illustration. This publication is for information purposes only and does not constitute a contractual offer. Changes and designs are reserved. All information is provided without guarantee as to completeness or accuracy. Any official requirements may affect planning and square meter measurements. Floor plans, dimensions, and area figures are approximate; the buyer is responsible for verifying the exact measurements. No liability will be accepted.

Contact

Please express your interest using the contact form.

You will receive further information upon request.

Viewing

An appointment for a viewing can be arranged by mutual agreement.