Flat for sale 5+1 • 132 m² without real estateRemscheid Lüttringhausen Lüttringhausen Nordrhein-Westfalen 42899

4 Condominium Apartments With Common Area + a Share in Apartment 12

Gertenbachstrasse 11+13, 42899 Remscheid - Lüttringhausen

The property was acquired in 2004 by GBR Schindler-Kaminski. It was completely gutted until 2006 and then extensively renovated and restored. The property is under historic monument protection.

On the ground floor and parts of the first floor, a residential community for people with dementia was established in 2006. The residents live relatively independently in small apartments. Among these small apartments is a larger apartment (common area) featuring a communal kitchen, a dining room, additional living spaces, as well as a specially designed bathroom.

In total, the residential community consists of 9 apartments. The residential community is serviced 24 hours a day by Pflegedienst Hartman RS. There are waiting lists for occupancy, as the demand for such apartments is very high.

Currently, from the apartment contingent, four small apartments with common areas and an additional share of the common area totaling 131.55 m² are for sale.

The sizes of the apartments are as follows:

Apartment 2 – 25.94 m²

Apartment 3 – 28.59 m²

Apartment 4 – 28.52 m²

Apartment 6 – 39.18 m²

Common Area Share – 9.32 m²

All apartments are studio-style and include a small kitchenette, a bathroom, and features adapted for accessibility. Apartment 6 has two living areas. Each apartment comes with a share of a parking space.

Located in the historic area of OLD TOWN RS-Lüttringhausen,

the intensive renovation with comprehensive thermal insulation brings the building close to a low-energy standard.

Due to the rental income, the financing is more than covered with a current typical interest rate over 10 years and a 2% repayment rate. Please also refer to the amortization calculations in the apartment listings.