House for sale • 280 m² without real estateWilhelm-Loewe-Straße 28, , Saxony-Anhalt

You will become the owner of a residential and commercial building in Calbe, partially newly built and partially comprehensively renovated in 1991, which features a restaurant on the ground floor and a very attractive maisonette apartment with a large roof terrace, fireplace, 3 bathrooms, and an in-law apartment located on the 1st/2nd floor.

The building consists of a partially basemented, fully furnished restaurant on the ground floor. The restaurant was previously used as a Greek restaurant and was last rented for €695 net. All inventory in the restaurant—including kitchen appliances, furniture, and décor—belongs to the owner and will automatically transfer to the buyer. The current value of the inventory is estimated to be between €10,000 and €15,000 and can be taken into account in the purchase contract to reduce the property transfer tax.

Above, on the 1st and 2nd floors, there is a 168 m² maisonette apartment with its own entrance, 6 rooms, 3 bathrooms, a fireplace, a large roof terrace, and an in-law apartment. Since 2023, the apartment has been long-term rented for €750 net to a family with three children and boasts an above-average standard of equipment for the local area. Moreover, according to a graduated rent scheme, the rent automatically increases by €300 per annum on January 1st every year, so that if you continue the tenancy, the rental contract already contains a built-in rent and value increase.

The building is in good condition and has received various investments in recent years. In addition to a new maisonette staircase, the tenants in the 1st and 2nd floors have gradually invested their own time and money in renovating the apartment. The gas central heating system was newly installed in 2017.

The building is presented in good condition and thus qualifies as an ideal investment property. The price is attractively set and offers a buyer an excellent opportunity to achieve a good cash flow from the property. With a new rental of the restaurant on the previous terms, a gross yield of 10.35% would be possible.

Since there is no pressure to sell on my part, the room for negotiation is limited. You are getting a quality building in good condition at a very attractive price.

The residential and commercial building is located at Wilhelm-Loewe-Straße 28 in a central location in Calbe. Wilhelm-Loewe-Straße, with its abundant foot traffic and various shops, is an ideal location for a restaurant. All daily necessities are within immediate reach, and there is also a permanently free parking space located 100 m away.

The central micro-location within the town can be described as above average and, even considering the macro-location in the Magdeburg area (the state capital is reachable via the A14 in approximately 25 minutes), ensures long-term good rental prospects.

Your advantages at a glance:

• Top Yield: You are buying a property with a target yield of over 10% right from the start. Thanks to the agreed graduated rent scheme for the apartment, the property’s yield will increase an extra €300 per annum every year.

• Top Location in Calbe: The central micro-location ensures long-term good rental prospects for both the apartment and the restaurant.

• Long-term Tenants: The tenants in the maisonette apartment feel very comfortable there and invest considerable time and money into its continuous renovation. If you wish to continue the leasing, you can expect a long-term tenancy.

• Above-Average Building Standard: The “old building” was stripped back to its core in 1991, comprehensively renovated, and supplemented by a partly new construction on the side away from the street. Since then, further investments have been made—for instance, the modernization of the gas central heating in 2017, the installation of a new maisonette staircase in 2022, and, most recently, renovation work and updates to the restaurant in 2024. Regarding energy supply, the building is solidly positioned due to the partial new construction and heating system replacement in 2017 (Energy Certificate D). There is no short-term need for renovations.

Square. Practical. Good. – Taken together, this property is an excellent opportunity either for a real estate investor eager to get started or for adding a clearly cash-flow–positive asset to your portfolio. With an initial yield of over 10% and a commission-free purchase, the price is very attractively set and will continue to increase automatically thereafter. Seize this chance to secure this property for your real estate holdings!

Are you interested?

Then feel free to send an inquiry! In the first step, you will immediately receive all the relevant documents—a 360-degree tour of the property is already available in the advertisement. The exposé, 360-degree tour, and documents should give you an ideal overview of the property and provide everything you need for your financing application with the bank. If, after careful review, you remain interested, we can arrange a telephone conversation.

Should we reach an agreement over the phone, we can then proceed with the next steps. As I live 250 km away, I kindly ask you to present proof of financing before a viewing. While the documents provided are comprehensive, if additional documents are required, I will do my best to assist in acquiring them.

With proof of financing in hand, we can arrange a joint viewing of the entire building and clarify any final questions. External viewings are possible at any time. Please refrain from contacting the tenants without prior arrangement. Feel free to choose your own notary.

P.S.: I also have two apartments for sale in Magdeburg:

1. For sale in the center of Magdeburg’s Altstadt—a 4.5-room, 102 m² apartment, built in 1900 and comprehensively renovated in 2008, with a purchase price of €199,000;

2. Located in a well-connected area in Diesdorf—a 2-room, 57 m² apartment, built in 1996 with a purchase price of €99,000.

If interested, I will gladly send you an exposé and all the relevant documents for these apartments as well. A package sale is possible.