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

You will become the commission-free owner of a residential and commercial building in Calbe that was partially newly constructed and partially completely renovated in 1991. It features a restaurant on the ground floor and a very attractive duplex apartment with a large rooftop terrace, fireplace, three bathrooms, and a secondary apartment on the first/second floor.

The building consists of a partially basemented, fully furnished restaurant on the ground floor. Until now, the restaurant was used as a Greek restaurant and was most recently rented out for €695 cold rent. All inventory located in the restaurant—including kitchen appliances, furnishings, and decorations—belongs to the owner and is thus transferred directly to the buyer. The current market value of the inventory is estimated at up to €10,000 and can be accounted for in the purchase contract to reduce the real estate transfer tax. In addition, other local business operators are also interested in leasing the space.

On the first and second floors, there is a 168 m² duplex apartment with its own entrance, six rooms, three bathrooms, a fireplace, a large rooftop terrace, and a secondary apartment. The apartment has been rented since 2023 at a cold rent of €750 to a family with three children and boasts an above-average standard of equipment for the local conditions. The apartment can either be re-let at €795 cold starting 1 September, or delivered vacant.

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

The property presents itself in a good condition and is therefore an ideal investment. The price is attractively set and offers the buyer excellent prospects for generating a good cash flow from the property. With new leasing at market conditions, an annual rent of approximately €18,000 is possible; the new leasing can be arranged by the previous owner before transfer. Translated into the purchase price, this corresponds to a gross rental yield of 13% and a price factor of 7.6.

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

The central micro-location within the city can be described as above average and, given the macro-location in the outskirts of Magdeburg (the state capital is approximately 25 minutes away via the A14), it also ensures good long-term rental prospects.

Your advantages at a glance:

Top Yield: You are purchasing a property with an initial yield of approximately 13%.

Prime Location in Calbe: The central micro-location also guarantees long-term good rental prospects, both for leasing the apartment and the restaurant.

Above-Average Building Standard: The "old building" was stripped back to its foundation in 1991, completely renovated, and complemented by a newly constructed part on the side away from the street. Since then, additional investments have repeatedly been made, such as the modernization of the gas central heating in 2017, the installation of a new duplex staircase in 2022, and finally renovations and updates to the restaurant equipment in 2024. As far as energy supply is concerned, the building is solidly equipped thanks to the new construction part and the heating system replaced in 2017 (Energy Certificate D). No short-term renovation needs exist.

Practical and Efficient: Taken together, the building is an outstanding property, perfect for an investor looking to get started or to add a clearly positive cash flow asset to your portfolio. The price, with an initial yield of approximately 13% and a commission-free purchase, is very attractively set and will automatically increase thereafter. Take this opportunity to secure this property for your real estate portfolio!

Are you interested?

Then feel free to make 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 provide you with an ideal overview of the property and everything you need for your financing request with the bank. If, after a careful review you remain interested, we can arrange a phone call.

Exterior viewings are possible at any time.

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

1. In the center of the Magdeburg Old Town: 4.5-room, 102 m², built in 1900, fully renovated in 2008, purchase price €198,000.

2. In a well-connected location in Diesdorf: 2-room, 57 m², built in 1996, purchase price €93,600.

If interested, I would be happy to send you an exposé and all relevant documents for these apartments as well. A package sale is possible.