House for sale • 718 m² without real estate, North Rhine-Westphalia

In a central location of Velbert, situated on one of the district’s prominent traffic routes, this mixed-use residential and commercial building combines a highly visible commercial use on the ground floor with living units above – a proven mixed-use concept that promotes both high footfall and stable rental income.

Built on a 373 m² site, the building features a solid stone staircase that provides the property with a robust structural foundation. The nine residential units are presented as a balanced mix of 2- and 3-room apartments, equipped with double glazing and central heating. The ensemble is complemented by two retail premises and a mobile communications mast, which generates reliable additional rent and reduces maintenance risk: wear and tear, as well as damage in the area of the installation, are contractually borne by the operator.

The property is fully rented and therefore generates a solid yield from the outset – the annual net cold rent amounts to €79,321. With a target purchase price of up to 19 times the annual net cold rent, the asking price is approximately €1,550,000, which corresponds to a gross rental yield of around 5%.

In addition to the existing income, the site offers further potential: It is conceivable to construct a garage on the premises, which would add another source of income or increase the property’s value.

Conclusion

This property combines a solid income base with stable full occupancy and additional development potential through the possible construction of a garage. Its central location on a busy traffic route, the balanced mix of residential and commercial uses, and the robust structural foundation make this property an attractive investment for forward-thinking investors – whether as a long-term inventory asset or as a component of a portfolio strategy.

The corner building with the postal address Wallstraße is located centrally in Velbert-Mitte. While Wallstraße serves as the official address, the building borders Langenberger Straße on the opposite side – one of the landmark traffic routes of the district. The corner location thus provides a double street frontage, ensuring high visibility for the commercial units on the ground floor. Everyday shops, doctors, banks, and public transportation are all within walking distance, so both the residential and commercial units benefit from excellent infrastructure. The proximity to Velbert’s city center rounds off the attractive location profile, making the property appealing to both tenants and investors.

• External thermal insulation composite system from 2024

• Roof renovation in 2024

• Fully basement, partially spacious layouts

• Overall average standard of equipment

• Plastic windows with double glazing

• Predominantly contemporary bathroom fixtures

• Gas central heating

• Modern electrical installations

• Easily rentable floor plans

• Additional rental income from the mobile communications mast, resulting in low roof maintenance risk

• Solid stone staircase as a robust structural foundation

• Well-maintained external appearance due to the current facade and roof measures

The energy certificate is currently being prepared and will be available at the time of viewing.

The property has been held in the portfolio for years and is being sold without commission.