Flat for sale 2 bedroom • 27 m² without real estateSüdstraße 27, , North Rhine-Westphalia

Historical Rough Diamond with Character

Leased Period Apartment in a Listed Gründerzeit Building

Listed Property with Special Depreciation Benefits!

2-Room Apartment with Balcony and Basement Storage

Approx. 30 m² · approx. 2.80 m high ceilings · stucco · solid wood floors · balcony · cellar

Great location – currently leased

Südstraße 27 · 52064 Aachen · close to the city center

Property Description

This leased condominium is located in a representative, very well-maintained, and listed old building at Südstraße 27 in one of the best locations of Aachen’s South City. Historic stucco ceilings, approx. 2.80 m high rooms, genuine wood floors, and the existing balcony give the apartment an unmistakable period character and added residential value.

The current condition offers considerable potential for creative redesign.

With a bit of craftsmanship, this rough diamond can be transformed into a stylish gem.

The combination of historic building fabric, a compact living space, and a central location makes it particularly attractive for long-term investors or owner-occupiers.

Special Features

◆ Listed, stylish Gründerzeit building

◆ Approx. 2.80 m high ceilings with stucco

◆ Genuine wood floors

◆ Balcony

◆ Cellar

◆ Currently leased

◆ In need of renovation with plenty of potential

◆ Very good location, approx. 1.1 km (as the crow flies) from the city center

Location

The apartment is located at Südstraße 27, 52064 Aachen, in an attractive urban setting in Aachen’s South City. The green ambience of the South City with numerous cafés is right on your doorstep.

The city center is approx. 1.1 km away (as the crow flies). There are plenty of shopping opportunities, restaurants, and everyday services in the immediate vicinity.

PROPERTY TYPE

Condominium in a listed property

LIVING AREA

Approx. 30 m²

STATUS

Currently leased

CEILING HEIGHT

Approx. 2.80 m

FEATURES

Stucco ceilings, genuine wood floors, balcony, cellar

CONDITION

In need of renovation

LOCATION

Südstraße 27, 52064 Aachen

CITY CENTER

Approx. 1.1 km (as the crow flies)

For Investors

The existing tenancy offers an immediate entry into a long-term investment.

In Need of Renovation

Due to the listed status, special depreciation benefits (Denkmal-AfA) apply. Although the windows are functional, they should be renewed; for all investments, the listed property depreciation benefit is available.

For a leased listed property, the special depreciation (Denkmal-AfA) according to § 7i EStG is as follows:

• 9% per year for 8 years

• followed by 7% per year for 4 years

Thus, a total of 100% of the recognized heritage-related renovation and modernization costs can be depreciated over 12 years.

The measures must be coordinated with the responsible heritage authority before they begin and then officially certified.

In contrast, for owner-occupiers the special expense deduction according to § 10f EStG applies as follows:

10 years at 9% per year, i.e. a maximum of 90%.

Location

The apartment is situated in a very good location right in the heart of urban life at Südstraße 27, 52064 Aachen, in the attractive urban environment of Aachen’s South City. It is quiet, nestled among various cafés and within short walking distance of the city center.

The city center is approx. 1.1 km away (as the crow flies). There are plenty of shopping facilities, restaurants, numerous cafés, doctors, schools, pharmacies, supermarkets, and everyday services in the immediate area.

The Aachen Cathedral and the charming city center are just 1.1 km away.

Additional Special Features

◆ Beautiful listed Gründerzeit building

◆ Approx. 2.80 m high ceilings with stucco

◆ Genuine wood floors

◆ Balcony

◆ Cellar

Listed property with special depreciation benefits.