Flat for sale 2 bedroom • 29 m² without real estateSüdstraße 27, , North Rhine-Westphalia

Historic raw diamond with character

Rented period apartment in a listed Gründerzeit building

Listed property with special depreciation!

2-room apartment with balcony and basement storage.

Approx. 30 m² · approx. 2.80 m high ceilings · stucco · genuine hardwood floors · balcony · basement – great location - rented

Südstraße 27 · 52064 Aachen · close to the city center

Property Description

This rented condominium is located in a representative, very well-maintained, and listed old building at Südstraße 27, one of the best locations in the southern part of Aachen. The historic ceiling stucco, the approximately 2.80 m high rooms, genuine hardwood floors, and the existing balcony give the apartment its unmistakable old building character and additional residential value.

The current condition offers significant potential for design improvements.

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

The combination of historic building fabric, compact living space, and a location near the city center is particularly appealing for long-term oriented investors or owner-occupiers.

Special Features

◆ Listed, stylish Gründerzeit building

◆ Approx. 2.80 m high ceilings with stucco

◆ Genuine hardwood floors

◆ Balcony

◆ Basement

◆ Currently rented

◆ In need of renovation but with lots of potential

◆ Excellent location, approx. 1.1 km in a straight line to the city center

Location

The apartment is located at Südstraße 27, 52064 Aachen, in an attractive urban setting in the southern part of Aachen. The green charm of the Südstadt with numerous cafés is in the immediate neighborhood.

The city center is approximately 1.1 km away in a straight line. Shopping opportunities, gastronomy, and everyday necessities are in the surrounding area.

PROPERTY TYPE

Condominium in a listed building

LIVING AREA

approx. 30 m²

STATUS

currently rented

CEILING HEIGHT

approx. 2.80 m

AMENITIES

Ceiling stucco, genuine hardwood floors, balcony, basement storage

CONDITION

in need of renovation

LOCATION

Südstraße 27, 52064 Aachen

CITY CENTER

approx. 1.1 km in a straight line to the city center

For Investors

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

In Need of Renovation

Due to the heritage depreciation benefits, the windows, although functional, should be replaced; for all fixtures, heritage depreciation applies.

For a rented listed property, the heritage depreciation according to § 7i EStG is as follows:

* 9% per year for 8 years

* followed by 7% per year for 4 years

In total, 100% of the recognized renovation and modernization costs related to the monument can be depreciated over twelve years.

The measures must be agreed upon with the responsible monument authority before commencement and subsequently officially certified.

In the case of owner-occupancy, on the other hand:

9% per year for 10 years, meaning a maximum of 90% as special expenses according to § 10f EStG.

Location

The apartment is located in a very good location right in the midst of urban life at the green Südstraße 27, 52064 Aachen, in an attractive urban environment of the Aachener Südstadt – quiet, nestled among various cafés and with short distances to the city center.

The city center is approximately 1.1 km away in a straight line. Shopping opportunities, gastronomy, numerous cafés, doctors, schools, pharmacies, supermarkets, and everyday necessities are available nearby.

It is 1.1 km to Aachen Cathedral and the beautiful city center.

Special Features

◆ Beautiful listed Gründerzeit building

◆ Approx. 2.80 m high ceilings with stucco

◆ Genuine hardwood floors

◆ Balcony

◆ Basement

Listed property with special depreciation.