House for sale • 398 m² without real estate, Baden-Württemberg

Below is the English translation of the text:

Regarding the offered multifamily house, this property is characterized by high spatial utilization and attractive development potential in a highly sought-after location.

The property offers approximately 297 m² of living space, about 101 m² of commercial space, around 150 m² of usable area as well as roughly 41 m² of circulation area, and it is situated on a 208 m² plot.

The building comprises 4 residential units and 1 commercial unit, is fully basemented and consists of 3 full above-ground floors plus a developed attic with a usable loft.

The commercial unit on the ground floor (approximately 101 m²) includes a dining area, auxiliary rooms, storage areas, separate sanitary facilities, and additional auxiliary rooms in the basement.

The residential use is spread over units ranging from approximately 47 m² to 106 m². These include a 5-room apartment on the first floor (approx. 106 m²), a 2-room apartment (approx. 47 m²) and a 3-room apartment (approx. 60 m²) on the second floor, as well as a 3-room attic apartment with approximately 85 m² that includes potential for expansion in the roof loft. In addition, there is an approximately 17 m² roof terrace available atop the garage.

The building was constructed in 1951, although part of the basement was already built around 1905 as a vaulted cellar.

The property requires renovation with respect to its finish and is particularly suitable for a revitalization up to a medium standard, as well as for a potential division into condominium ownership, given the existing local demand. State funding opportunities for modernization and conversion into up to 7 residential units are attainable, thereby enhancing the investment’s economic viability.

Since the house is rent-free, a prompt implementation of the revitalization all at once would be very time- and cost-efficient.

This offer is based on an appraisal by a publicly appointed and sworn expert and takes into account the current market conditions. It is non-binding and serves as a basis for negotiation, with the sellers reserving the right to consider alternative bids and to withdraw or freely allocate the offer.

Location in the city of Reutlingen:

The property is located in Reutlingen on Tübinger Straße, in a location that is very favorable both in terms of traffic and accessibility, being close to the city center.

Reutlingen’s marketplace is just 1.1 km away.

The factory premises of Bosch can be reached on foot in approximately 10 minutes.

All general education schools can be reached on foot within 10 minutes.

The university campus, located 2.5 km away, can be reached in about 12 minutes by bicycle.

The nearest stop, “Westbahnhof,” of the Reutlingen city transport as well as the station for regional trains are a 2-minute walk away. These stops are currently served by 9 city bus lines and the RB 63 train line (Urach, Metzingen, Reutlingen, Wannweil, Kirchentellinsfurt, Tübingen to Herrenberg). The station is also set to become a stop for the upcoming regional city train Neckar-Alb.

Character of the surroundings:

According to the land-use plan of the Reutlingen-Tübingen neighborhood association, the area where the property is located is predominantly designated for residential use. The district mainly consists of 3- to 4-story buildings.

Tübinger Straße is an inner-city main road with cycle paths on both sides and a single-lane parking strip.

Until now, the building has been heated using a mix of gas-fired individual stoves (on the 1st and 2nd floors) and, partially, floor heating (on the ground and attic floors). It is advisable to outfit the entire building with a new heating system. There is also the possibility of connecting to the district heating network of FairNetz GmbH Reutlingen.

Additionally, the sanitary installations, electrical installations, parts of the flooring, and the doors of the building are scheduled for renewal.

Possible conversions include converting the ground floor into one or two apartments, splitting the first floor into two apartments, merging the two apartments on the second floor into a 5-room apartment, and incorporating the attic space in the top floor as a room not intended for permanent occupancy.

Public facilities:

All necessary offices and facilities for daily needs are available in Reutlingen. All types of schools are located within the town, as well as a university offering 5 faculties and 47 study programs.

Macro location:

The macro location of the property is classified as good due to its position in the core of Reutlingen. The existing infrastructure combined with the local companies provides high productivity with moderate unemployment. In addition to the economic advantages, Reutlingen offers significant leisure and recreational benefits thanks to its proximity to the Swabian Alb and the state capital, Stuttgart.