House for sale • 685 m² without real estatePassau Passau Bayern 94032

Monument-protected residential and commercial building in a prime old town location.

The historic residential and commercial building is located in the very heart of Passau’s old town, between the cathedral and the university, and is particularly sought after by students.

The monument-protected building currently offers approximately 555 m² of living space as well as 125 m² of commercial space, and it would benefit from modernization.

After carrying out the renovations, the property will provide 10 apartments, one two-person shared flat, two three-person shared flats, and two commercial units distributed over approximately 600 m² of living space and about 125 m² of commercial space.

Additionally, the property features the potential to develop its very large and spacious attic (around 275 m²).

The sale is commission-free and direct from the owner – the usual broker’s commission does not apply.

For investors, the property offers attractive depreciation benefits:

The renovation costs can be depreciated over 12 years due to the monument depreciation allowances. In addition, a separate appraisal is available which sets the building depreciation allowance at 14 years, allowing for a depreciation of 7.1% per annum on the building portion.

For further information, please feel free to contact me at 0172 5602682.