House for sale • 951 m² without real estateSchmiedgasse 14, , Rhineland-Palatinate

All the apartments are built as 2-room units and feature a hallway, storage room, kitchen, bathroom, living room, bedroom, as well as a balcony, basement room, and a parking space for a car. Two of the ground-floor apartments have a terrace with a garden. Apartment No. 5 on the first upper floor and Apartment No. 8 in the attic each have three loggias.

Since the first rental in July 2016, all apartments have been fully rented year-round. I have already submitted the application for the Certificate of Completion to the responsible building authority in Neuwied. Two tenants currently renting in this building have already expressed an interest in purchasing. Based on a purchase price analysis within a 10 km radius around Bad Hönningen, the apartments can be offered for sale for an average of €2,500 per m², plus €10,000 per parking space and €15,000 for a carport parking space. Total property value: The property has 557 m² × €2,500/m² = €1,392,500 + €45,000 (3 carport parking spaces at €15,000 each) + €50,000 (5 parking spaces at €10,000 each) = €1,487,500.

The property is located in Bad Hönningen. Several bus and train lines are within walking distance. Nearby, there are several restaurants, bakeries, supermarkets, and cafés. In walking distance you will also find various green spaces and parks, fitness studios, bars, a bookstore, and a fashion store. A bit further away, there are additional shopping opportunities and kindergartens. Moreover, good medical care and a wide range of evening entertainment options are available in the larger surrounding area.

All the apartments have identical equipment. The floors in the bathrooms and kitchens are tiled, and the walls in the bathrooms as well as the mirrored areas in the kitchens are tiled. All walls and ceilings are finished with textured wallpaper and painted white. The flooring in all rooms consists of laminate laid over sound-dampening underlayment. The photos show the rooms and floor plans of three different apartment types. Each apartment has separate connections for a washing machine and dryer in the utility cellar. All apartments have separate water meters for hot and cold water. All radiators are equipped with meters from Brunata-Metrona. In the basement, there is both cable and fiber-optic access. On the ground floor, there is also a secure space for bicycles.