House for sale • 685 m² without real estatePassau Passau Bayern 94032

Monument-protected residential and commercial building in the best historic town center location.

The historic residential and commercial building is located right in the middle of Passau’s old town, between the Cathedral and the University, and is particularly popular with students.

The listed building currently offers approximately 555 m² of living space as well as 125 m² of commercial space and could benefit from modernization.

After the renovation, the property will feature 10 apartments, a shared flat for 2 people, two shared flats for 3 people, as well as 2 commercial units spread over about 600 m² of living space and around 125 m² of commercial space.

Additionally, the property has development potential in the very large and spacious attic (approximately 275 m²).

The sale is commission-free and directly from the owner – the usual brokerage fee is waived.

For investors, the property offers attractive depreciation benefits:

The renovation costs can be depreciated over 12 years thanks to the monument-related depreciation. Additionally, there is a separate appraisal which sets the building depreciation over 14 years, thereby allowing 7.1% per annum to be depreciated on the building portion.

For further information, please feel free to contact me at 0172 5602682.