Flat for sale 2+kk • 71 m² without real estateBochum Wattenscheid Nordrhein-Westfalen 44866

For sale is an occupied 2-room condominium with 70.22 m² of living space on the first floor of a well-maintained multi-family house in Bochum-Wattenscheid. The living and dining area alone measures 31.31 m², making it extraordinarily spacious for a two-room apartment. The interior photographs shown are real, unedited photos of the vacant apartment.

The apartment has been continuously rented since January 1978. The net cold rent was last adjusted by mutual agreement and currently amounts to €359.00 per month, corresponding to €5.11/m². To offer investors an attractive initial return from the start, the seller additionally provides a rent subsidy totaling €7,000 over a period of 36 months. This increases the yield in the first three years from 4.35% (gross yield without subsidy) to 6.71% per annum; after the 36-month period, the standard rental yield based on the existing net cold rent applies.

For tax purposes, an enhanced depreciation of at least 4% per annum on the building component (80% of the purchase price) can be applied instead of the linear 2%. A required remaining useful life appraisal pursuant to Section 7 (4) sentence 2 of the German Income Tax Act (EStG) is necessary, which must be individually prepared for each buyer – the appraisal takes some time and must be finalized in consultation with the buyer's tax advisor; this does not replace tax advice.

The condominium owners’ association was newly established as part of the division, and the maintenance reserve currently amounts to €11,000. For the facade renovation (front and back), there is a cost estimate of €18,000, subsidized at 50% through the facade grant program of the City of Bochum. The attic of the building has already been sold and is being developed, which additionally contributes to the overall energy efficiency of the building.

The apartment is located in Bochum-Wattenscheid, a well-established residential neighborhood in the western part of the city on the border with Gelsenkirchen and Essen. The surroundings are characterized by small-scale residential construction – a down-to-earth location with a stable tenant structure, as is sought for an investment of this size.

Everyday needs are fully met on foot: The nearest general practitioner is located about 450 meters away, and a pharmacy roughly 590 meters away. Supermarkets and discount stores can be reached within a few minutes. An elementary school is located approximately 760 meters away, and a secondary school about 1.2 kilometers away.

The excellent connectivity is the true advantage of the location: The nearest bus stop is about 220 meters away, and the next highway exit can be reached in about three minutes by car. Via the A40, Essen, Gelsenkirchen, and downtown Bochum are each only a short drive away – a radius that covers the entire medium Ruhr area job market. It is exactly this accessibility, combined with low rental levels, that ensures reliable demand for rental apartments.

The apartment features two rooms, a separate kitchen of 11.06 m², and an entrance hall that clearly separates the rooms. The bathroom is equipped with a window, ensuring natural ventilation and lighting.

Heating is provided by natural gas, which is also used for the preparation of hot water. A basement storage room is assigned to the unit. Additionally, a garage or a parking space on the property can be purchased.

The monthly service charge is €190.00. Of this, €111.00 covers allocable operating costs, which are settled through the tenant’s advance payment on ancillary costs, and €79.00 covers non-allocable items such as administration and the maintenance reserve.

The apartment is in a well-maintained, rented condition with standard equipment. It is handed over in its current condition.