The investment property for sale is a residential and commercial building located in the historic downtown area of Wogast. This town is located in northeastern Germany, in the federal state of Mecklenburg-Vorpommern. It lies on the Peene River, right near its mouth at the Szczecin Lagoon. The location is convenient for both tenants, who have close access to all city infrastructure, and for businesses and service providers renting commercial premises, which enjoy a convenient commercial location. The property sits on a flat plot of 351 m², fully serviced, including electricity, natural gas, water, and sewage.
The structure and parameters of the building itself are as follows:
– the total living area is 416 m2, which consists of 6 residential units
– service area of approx. 94 m2, consisting of two service/commercial premises
– reserve for your own adaptation, in the attic it is about 100 m2
Description
This 1905 tenement house, built using traditional brick construction, boasts a full basement (basement area 155 m²), and is part of a dense development with adjacent buildings of similar purpose and architectural character. The building is in good condition and has undergone a partial renovation. To date, the street-facing mansard roof and utility lines (electricity, gas, water, and sewage) have been replaced. The gas condensing boiler (1998) and the entire central heating system have been replaced. The windows have also been partially replaced, and the electrical system has been modernized. The property is not subject to conservation inspection.
Room layout and general parameters of individual premises:
1. On the ground floor, in the front part of the building, i.e. on the street side, there are two commercial premises, behind them, in the further part of the building, there are: a 1-room apartment with a kitchen and a bathroom with a shower and a 2-room apartment with a kitchen and a bathroom with a shower
2. On the first floor there is a 3-room apartment with a kitchen and a bathroom and a 4-room apartment with a kitchen and a bathroom.
3. The attic includes two 3-room apartments with a kitchen and a bathroom.
After completing the renovation and maintaining the current structure of the premises, the estimated monthly rental income is estimated at a minimum of EUR 4,500.
Wolgast has two traffic junctions on the A 20 motorway. The B 111 federal road connects the town (via bridge) with the island of Usedom and the Hanseatic city of Greifswald.
Thanks to its proximity to the Baltic Sea, its port character and the surrounding water and green areas, Wolgast combines the peaceful atmosphere of a small town with easy access to seaside resorts and nature.
An energy certificate, or more precisely an energy consumption certificate, was prepared for the property in question:
– the main source of energy for heating and hot water is natural gas L
– year of construction of the building 1905
– energy efficiency class: D
– final energy composition: 125 kWh/(m2 x year)
– date of preparation of the energy certificate: 08/05/2019
Do you have an idea or would you like to view a property? Please contact me.