House for sale • 2459 m² without real estateAn der Landwehr 25 Bielefeld Bielefeld Nordrhein-Westfalen 33609

*Unique* Unique* Unique* Unique* Unique* Unique*

We offer here an extremely profitable property for investors.

The total 30 residential units are completely and solidly rented to satisfied tenants.

The building is publicly subsidized. This subsidy ends on 31.07.2027, without any extension period.

The current rents average €5.20 per m². Since the rents are well below the current market rate for Bielefeld, they can be raised to €10 by 2036. This results, in the worst case scenario, in a doubling of the sale price by 2036.

This property is unique and a real bargain for wise capital investors.

The residential building is located close to the city center in a quiet, low-traffic residential area in the center of Bielefeld and offers you all the advantages for successful leasing.

3.7 km (as the crow flies) from the center of Bielefeld.

The city boasts excellent infrastructure as well as a renovated downtown with many bakeries and pharmacies, grocery stores, medical practices, kindergartens, primary schools, comprehensive schools, vocational and secondary schools, as well as a high school and other service providers, all of which are easily and quickly reachable on foot.

• Multi-family house over 4 floors with a total of 6 apartments – completely rented, altogether 24 apartments

• 6 semi-detached houses

• No partition declaration (currently being prepared)

• Plot approx. 3,700 m² (leasehold)

• The purchase price includes a photovoltaic system

• Laminate flooring in the living spaces

• Tiles installed in the hallway, bathroom, WC, and kitchen

• Windows made of plastic

• Main entrance door as well as an intercom system

• Full facade thermal insulation

• Fully basement

• Attic

• Gas central heating from 2006

• Cleaning service, snow removal, etc. available

• A total of 30 private underground parking spaces

• All apartments have balconies or terraces

Important! The plot is leased from the church under a leasehold agreement. You are not buying the plot.

Leasehold is approx. €23,198.50 per year.

Cold rent: €191,695.02 per year.