House for sale • 205 m² without real estateTheuerstadt 50 Bamberg Bamberg Bayern 96050

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Provisions-Free from Private Seller: Historic Investment Property with Monumental Depreciation Benefits (Former Monastery) – 3 Units + Expansion Potential in Bamberg-Theuerstadt

PROPERTY DESCRIPTION

For sale is a piece of Bamberg’s urban history: This listed multi-family house (ensemble protection, built in 1890, former monastery) combines old-world charm with continuous, loving, and well-documented maintenance by the owner. The property is located in the heart of the coveted, central, and university-near top area of Bamberg-Theuerstadt.

The building impresses with its solid historic structure. An absolute highlight in the basement is the historic, excellently preserved vault.

The total living area of 205 m² is distributed over three independent, bright units:

- Ground Floor (approx. 51 m², 2 rooms plus kitchen and bath): Current rent EUR 570/month. Charmingly laid out. The highlight is the integrated courtyard with a covered terrace as well as a new, insulated, soundproof front door.

- First Floor (approx. 59 m², 3 rooms plus kitchen and bath): Current rent EUR 540/month. Bright apartment with an appealing floor plan.

- Second Floor & Attic (approx. 95 m², 4 rooms plus kitchen and bath): Current rent EUR 900/month. Spacious, characterful duplex apartment with a wonderful sense of space. (Currently available for rent from November 1st.)

VAULT CELLAR

Two additional rented cellar rooms

RENTAL INCOME

- Current Rent (Residential + Cellar): EUR 2,110/month (EUR 25,320 p.a.)

The moderate rent level offers sustainable potential for increases with future new tenancy contracts. Perfect as a crisis-proof investment or for medium-term partial owner-occupancy of the duplex.

TAX ADVANTAGE FOR INVESTORS (MONUMENTAL DEPRECIATION BENEFIT)

As a historic listed property, this asset provides excellent tax incentives:

- Enhanced Depreciation: Benefit from the special depreciation or enhanced historic monument depreciation (§ 7i / § 10f EStG) for future conservation, maintenance, and refurbishing measures.

- Effectively Reduce Tax Burden: The tax-deductible measures can significantly reduce taxable income, thereby substantially increasing the actual net return after taxes beyond the pure rental yield.

CONDITION & SUBSTANCE (THOROUGHLY DOCUMENTED)

The building’s fabric has been continuously and proactively maintained. A complete file with all invoices is available for inspection.

- Roof & Insulation: The mansard roof was extensively insulated and modernized in 2009. From 2009–2012, the entire roof was redone including all gutters.

- Heating & Autonomy: Heating is provided by three separate gas-fired boilers (1 installed in 2008, 2 in 2013; tenants pay for direct consumption). All repairs are carried out comprehensively with above-standard annual maintenance.

Special Extra: Each of the 3 apartments has its own flue connection for a wood-burning stove.

- Plumbing & Windows: Gas and water pipes were renewed approximately 20 years ago. In recent years, the pipelines have been professionally cleaned as a precaution. Windows with solid double glazing (ground floor from the 1970s, first floor from the 1990s, attic with insulated glass from 2004).

- Interior areas have been modernized in recent years.

DATA & FACTS

- Living area: 205 m² (3 units) + approx. 33 m² of rentable cellar space

- Energy Certificate: Exempt due to ensemble/monument protection

- Provisions-Free: Direct sale by the owner (saving approx. EUR 24,000 in ancillary purchase costs)

SALES PROCESS

- Starting Price / Minimum Bid: EUR 570,000

Viewing appointments will only be granted after submission of a brief personal introduction, as well as proof of equity or a financing confirmation.

Central location in Bamberg Theuerstadt, close to downtown and the train station.