House for sale • 725 m² without real estate, Rhineland-Palatinate

Below is the English translation of the text enclosed by the tag:

For sale is a building complex in need of renovation located in the “urban renewal area” (§ 142 BauGB) in the town center of D-54424 Thalfang with attractive funding opportunities. On a double plot (953 m²), there are buildings with a potential living area of approximately 640 m² (plus 85 m² of usable space), which can also be expanded (through conversion/extension):

- Residential and commercial building with a municipal character, built around 1912, with approximately 265 m² of living space (partly under sloping ceilings) and a total usable area of about 320 m²

- Old bakery building with approximately 102 m² of usable space

- Old solid barn with around 107 m² of usable space (expandable)

- Old slaughterhouse with a massive concrete ceiling with approximately 194 m² of usable space

The buildings were used as a bakery and butcher shop and can be restored for residential or business use. With the current building condition, it is conceivable to create up to 8 apartments (including studio or loft-style apartments), offices, or small commercial/craft enterprises. Additionally, there is a small, quiet, and sunny utility garden.

A main building (formerly a café) was demolished and a permanently accessible gravel lawn parking lot (surrounded by a new natural stone wall on the same spot) has been constructed (overall about 8 to 10 parking spaces on the entire property). The main building, among other features, already has natural gas and a new fiber-optic connection. The roof orientations are predominantly facing south-southwest (which is favorable for potential solar installations).

Depending on the future use, various funding options (which can sometimes be combined) are available, such as:

- Tax depreciation according to § 7h EStG (100% in 12 years) due to the formal classification of Thalfang’s town center as an “urban renewal area” under § 142 of the Building Code, i.e. very rapid refinancing of the equity and amortization of a large part of the overall investment depending on the marginal tax rate; possible tax-free sale after the expiry of the 10-year speculation period

- “Funding for the Construction of Rental Apartments” under Program 551 by ISB (Investitions- und Strukturbank Rheinland-Pfalz) with a loan interest rate of 1% per annum and repayment grants of up to 35% (with 15% “own contribution”), loans of up to EUR 2,500 per m²

- Energy measures promoted by KfW / BAFA

- Improvement of the quality of life in rural areas through funding by “Village Renewal” (Bernkastel-Wittlich district) for the conversion of rural buildings or the creation of residentially close workplaces; funding per individual project of up to 35%

- LEADER funding from the EU through “LAG Erbeskopf” to further develop the rural areas in Europe

The property is located in the Luftkur and tourism resort D-54424 Thalfang (approximately 1,900 inhabitants), a regional quasi-mid-sized center in the Hunsrück region:

- Situated at about 450 m above sea level and, for example, around 3 to 5 degrees cooler in summer than Trier (with regard to climate change)

- Extremely low vacancy rate

- Approximately 25 minutes by car to Trier, 10 minutes to Hermeskeil/Morbach

- Around 35 minutes by car to Luxembourg, 50 minutes to Luxembourg Findel Airport, and about 25 minutes to Hahn Airport

- Approximately 40 minutes by bus (line 800: Trier Central Station – Idar-Oberstein Station connecting to the Saarbrücken – Mainz – Frankfurt train line) to Trier on an hourly basis

- At least every two hours, about 33 minutes by bus to Hermeskeil or 23 minutes to Morbach on line 380

- About a 20-minute drive to the Moselle region

- In the town there are 3 supermarkets, a gas station, restaurants, kindergartens, an elementary school and a “Realschule-plus”, a rescue service, fire brigade, pharmacy, doctors, 2 banks, physiotherapists, veterinarians, 2 churches, a swimming pool and health center, a fitness studio, tennis and football fields, auto repair shops, etc.

Together with the historic building fabric (formerly with high-quality features), these listed funding opportunities make for an interesting investment opportunity despite or because of the need for renovation, given that there is sufficient scope for design regarding the future use and energy aspects considering the size of the plot and the building's “structure-like” condition.

In view of the need for renovation, a substance value in accordance with § 190 BewG is set at EUR 365,000 as a GUIDELINE VALUE. For comparison: The shell of a single-family home nowadays costs between EUR 200,000 and EUR 300,000. In addition, new construction is currently up to approximately EUR 1,500/2,500 per m² more expensive than older buildings (weighing up: renovation vs. demolition + new construction).

If interested, please submit a competitive bid.