House for sale • 1208 m² without real estateDotzheimer Straße 61 Wiesbaden Wiesbaden Hessen 65197

WIESBADEN – DOTZHEIME STRASSE 61

The residential and commercial building was constructed in 1964. The property offers approximately 1,208 square meters of leasable space as well as 8 outdoor parking spaces.

The property is fully leased.

However, the rents are far below market level, so with little effort, higher rents can be justified.

There are two retail spaces on the ground floor: a kiosk/DHL and a fast food/snack/döner outlet.

Both benefit from very high foot traffic due to the bus stop located immediately in front of the property.

On floors 1 to 4, there are eight commercial units (doctor’s practices, a tax consulting office, a law firm, etc.). These tenants have been in the building for a very long time and receive excellent patronage from their customers, clients, and patients.

On the 5th floor there are 4 apartments. Two of these are used by the building’s caretaker (for both living and office purposes).

In the basement, there are approximately 88 square meters of storage space for the kiosk as well as additional cellar rooms for the other tenants.

In the courtyard, there are 8 parking spaces, which are also rented. Given the location of the property in this part of the Rheingauviertel, these 8 parking spaces represent an important rental criterion.

The rental contracts on the ground floor (for the kiosk and the snack bar) each include a 5-year extension option (for the kiosk until May 2028 and for the snack bar until July 2027).

All other rental contracts are open-ended and can be terminated in the usual manner.

Conversion of the office and practice spaces into residential units is technically possible with a manageable effort.

The property is located in the Rheingauviertel district, which is very popular for urban living.

This district borders directly to the east on the Wiesbaden-Mitte district and is therefore very centrally located.

This district was developed between 1898 and about 1908; as a result, this Gründerzeit quarter is characterized by attractive turn-of-the-century buildings – there are 13 listed heritage buildings on Dotzheimer Straße alone.

The building is situated directly on Dotzheimer Straße and features its own vehicle-accessible driveway to the inner courtyard, where there are eight parking spaces.

Nearby the property you will find the following amenities:

• Doctor’s practices, pharmacy, nursing services, lawyers

• Grocery stores, restaurants, bakery, snack bar, drugstore, clothing stores

• Hairdressers, nail studio, beauty studio, taxi service

• Protestant church, Catholic church

• Schools, high school

... and much more.

In particular, there is a very large dm drugstore located immediately next door on the left, which also contributes to high foot traffic.

In front of the building is a bus stop “Dreiweidenstraße” on the building’s side, and just a few meters away on the opposite side of the street is the “Eltviller Straße” stop. Bus lines 4, 17, 18, 23, 24, 27, and 45 serve these stops.

All commercial and residential units are in excellent condition. The tenants take good care of their leased spaces.

The common areas are also in pristine condition and are regularly cleaned.

Over the past 10 years, the following renovation measures have been implemented:

• All windows have been replaced.

• The elevator cabin was replaced in 2014.

• All electrical wiring (with the exception of one commercial unit) has been updated.

• A new central gas heating system has been installed.

• The front exterior façade has been insulated and repainted (the rear area has not).

The elevator runs from the basement up to the 4th floor.

Since the apartments are on the 5th floor, they are not barrier-free accessible.

D.R.E.A.M.

Deutsche Real Estate Asset Management GmbH

Siesmayerstraße 23

60323 Frankfurt am Main

Managing Director: Dipl.-Wi.-Ing. Franz Lucien Mörsdorf

• Registered Office: Frankfurt am Main

• District Court: Frankfurt am Main HRB 77596