House for sale • 492 m² without real estateFurther Straße 86, , North Rhine-Westphalia

Great Opportunity for Investors

This large multi-family and commercial building from the Gründerzeit (circa 1905) offers great potential for rental and leasing with 5 apartments, an ophthalmologist’s practice, and a commercial unit across a total area of 711 m² (including usable area).

Possible monthly rental income:

• Residential area: 301.53 m² at €8/m² = €2,412 plus additional costs

• Commercial area: 100.40 m² at €12/m² = €1,204 plus additional costs

• Practice: 90 m² at €10/m² = €900 plus additional costs (currently rented)

Total: €4,517/month, which corresponds to an annual net cold rent of €54,204 and a multiplier of 20.3 on the purchase price.

Breakdown

Ground Floor:

• Retail space: 100.40 m²

• Apartment 1: 36.40 m² with 2 rooms and a toilet

1st Floor:

• Medical practice: 90 m² (currently rented)

• Apartment 2: 39.10 m² with 2 rooms and a bath with daylight

2nd Floor:

• Apartment 3: 83.7 m², 3–4 rooms, large dining kitchen, small bath with daylight

• Apartment 4: 39.80 m², 2 rooms, shower room with daylight

3rd Floor:

• Apartment 5: 81.78 m², 3 rooms, large dining kitchen and a small bathroom plus a separate room

Large attic with a headroom of approximately 2.40 m at the ridge: 48.70 m² floor area, available for development or storage, currently accessible via a classic roof hatch and staircase.

The building combines original elements such as decorative floor tiles, wooden railings, and rooms with mostly over 3.40 m high ceilings, stucco, and solid wood doors.

It is fully basement-equipped and offers a development-capable attic.

The attractive 3-story building is located in a lively area with all the shops and daily services in the immediate vicinity. This ensures good rentability and yield.

The heating system (gas) was renewed in 2023 and is already prepared for a heat pump.

The apartment housing the medical practice was converted into a commercial unit in 1984 and is in a very well-maintained condition. Currently, the medical practice is rented, so you can immediately use or rent out the 5 apartments and the commercial unit according to your ideas.

Until recently, an optician operated in the commercial unit. The corresponding furniture is still present, so re-opening a business is easily achievable. With a large workshop adjoining the commercial unit, many commercial possibilities come to mind.

Sufficient managed parking spaces are located in front of the building and on the side streets.

In addition, the building features a garden where you can enjoy the sun and peace and quiet. Here, there is also a large, heated garden house and a sauna.

With the exception of one apartment, all apartments are currently furnished but can be cleared on short notice. Corresponding offers are available.

The accessible attic and the roof appear to be watertight and dry. The same applies to the basement rooms. No mold is visible throughout the building.

Despite its well-maintained condition, renovation or refurbishment work may be required depending on the intended use.

Overall, this is a property with great potential that can be realized quickly through appropriate renovations.

Neusser Furth is a vibrant neighborhood that will become even more attractive with the new development area on the former Bauer & Schaurte site (Inbus Viertel).

The multi-family house is located on Neusser Furth and is embedded in an intact infrastructure. All everyday shops are in the immediate vicinity. Additionally, there are numerous public parking spaces right at the doorstep and on the side streets.

You will find doctors, pharmacies, supermarkets, and a kindergarten in the local area. These are easily accessible by bike or on foot.

Public transportation is also in the immediate vicinity – a bus stop is only about 150 meters away and Neusser main station is only about 450 meters away.

Excellent connections to Kaarst, Düsseldorf, and the surrounding area are available due to the convenient location. The A57 is only about 2.5 km away.

Various restaurants as well as cafés and snack bars can be reached on foot within a few minutes.

Neusser city center is only about 700 m away.

Shopping/Leisure/Medical Care

• Norma, Aldi, Edeka, Rewe – approx. 500 m to 1 km

• Medical center – approx. 50 m

• Pharmacy – approx. 50 m

• Cafés – also only about 100 m

• Bakery – approx. 200 m

• City center – approx. 700 m

The building is in a well-maintained but renovation-needing condition.

The building is primarily supplied by a gas heating system installed in 2023. This system is prepared for connection to a heat pump.

Some rooms are heated by a night storage heater. Due to the size of the roof, solar or photovoltaic systems could be considered. Additionally, the rooms supplied by the night storage heater could be connected to the central gas heating system.

The windows, which are made of aluminum or wood, are mostly from the 1980s and double-glazed. In some of the bathrooms, there are still single-glazed windows.

The attic is currently not insulated and can be used according to your own wishes. On the one hand, it is possible to use it as a storage area or convert it to assign it to the apartment on the 3rd floor.

Until recently, an optician operated in the commercial unit. The corresponding furniture is still present, so that reopening a business can be quickly implemented.

The apartment housing the medical practice was converted into a commercial unit in 1984 and is in a very well-maintained condition.

Overall, this is a property with a lot of potential that can be realized through appropriate renovations.

This property is being sold privately, so you save any broker fees, which in a property of this size can easily exceed €40,000.

All information has been prepared to the best of our knowledge and belief.