House for sale • 280 m² without real estateLeibnizstraße 22 Magdeburg Altstadt Sachsen-Anhalt 39104

You will become the owner without a commission of a residential and commercial building in Calbe that was partly newly constructed and partly completely refurbished in 1991. It includes a restaurant on the ground floor and a very lovely duplex apartment with a large rooftop terrace, a fireplace, 3 bathrooms, and an accessory dwelling unit on the first/second floor.

The building consists of a partially basemented and fully furnished restaurant on the ground floor. The restaurant has previously been used as a Greek restaurant and was most recently rented out cold for €695. All of the furniture and equipment located within the restaurant—including kitchen appliances, furnishings, and decoration—belongs to the owner and will therefore pass directly to the buyer as part of the sale. The current market value of the inventory is estimated to be up to €10,000 and may be deducted from the purchase price in the contract to reduce the real estate transfer tax. In addition, there is also interest from other local business operators in renting the premises.

On the first and second floors is a 168-square-meter duplex with its own entrance, 6 rooms, 3 bathrooms, a fireplace, a large rooftop terrace, and an accessory dwelling unit. The apartment has been rented cold since 2023 for €750 to a family with three children and features a level of finish that is above average for the local area. As of September 1st, the apartment can either be rented out anew for €795 cold or delivered vacant.

The building is in good condition and has received various investments in recent years. In addition to a new duplex staircase, the tenant herself has gradually taken care of the apartment’s renovation. The gas central heating system was newly installed in 2017.

The building presents itself in good condition and is thus an ideal investment property. The price is attractively set, offering the buyer excellent opportunities to achieve a good cash flow from the property. When re-rented at market conditions, an annual rent of approximately €18,000 is possible; the re-rental can be arranged by the previous owner before handover. When converted to the purchase price, this corresponds to a gross rental yield of 13% or a price factor of 7.6.

The residential and commercial building is located at Wilhelm-Loewe-Straße 28 in a central location in Calbe. Wilhelm-Loewe-Straße, with its high foot traffic and various shops, is an excellent location for a restaurant. All daily necessities are available in the immediate vicinity. In addition, there is a permanently free parking space just 100 meters away.

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

Your advantages at a glance:

Top Yield: You buy a building with an immediate yield of 13%.

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

Above-Average Building Standard: The “old structure” of the building was stripped back to its foundations in 1991, completely refurbished, and complemented by a newly constructed section set away from the street. Since then, further investments have been made, such as the modernization of the gas central heating system in 2017, the installation of a new duplex staircase in 2022, and finally renovations and upgrades to the restaurant’s equipment in 2024. As for energy supply, thanks to the new construction section and the heating system replaced in 2017, the building is solidly positioned (energy certificate D). There is no short-term need for refurbishment.

Practical and Attractive: Taken as a whole, the building is an excellent investment for those looking to start or to add a strongly cash-flow-positive property to their portfolio. The price, with an initial yield of around 13% and a commission-free purchase, is very attractively set and will automatically increase thereafter. Take advantage of this opportunity to secure this property for your real estate portfolio!

Are you interested?

Then please submit an inquiry! In the first step, you will immediately receive all 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 inquiry with the bank. Should you remain interested after a thorough review, we can have a conversation over the phone.

External viewings are possible at any time.

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

1. For sale in the center of the Magdeburg old town: a 4.5-room, 102-square-meter apartment built in 1900 and completely refurbished in 2008; purchase price €198,000.

2. In a well-connected location in Diesdorf: a 2-room, 57-square-meter apartment built in 1996; purchase price €93,600.

If you are interested, I will be happy to send you an exposé and all relevant documents for this apartment as well. A package sale is possible.