Fully let residential building near the Botanical Gardens

The property is a multi-family residence built around 1971, comprising 15 residential units spread across three full stories in an L-shaped building. The property is accessed via two stairwells typical of the era and is in generally well-maintained condition overall. The fully occupied apartments are heated by an oil-fired central heating system, which was renovated in 2018 and also provides hot water. All units are equipped with hardwood floors and built-in kitchens, some of which are owned by the tenants. Most of the windows are composite wood windows. In addition, each apartment has a balcony with a quiet view of the landscaped garden or the low-traffic street. The apartments have been gradually renovated whenever tenants moved out and have been continuously maintained. The building also offers an underground parking garage with seven parking spaces, all but one of which are leased separately. Additionally, there is a paved area behind the building with four more parking spaces. The basement area is in very good condition and shows no apparent defects. In determining the target rent, the rent increases set to take effect on December 1, 2026—which have already been implemented—as well as the currently vacant parking spaces were taken into account. The property is located within the scope of an urban preservation ordinance but not in a neighborhood preservation zone. Highly sought-after residential area Close to the Botanical Gardens Area designated for the preservation of urban character Well-maintained Facade with balconies Seven underground parking spaces and four outdoor parking spaces Oil-fired central heating installed in 2018 Energy efficiency class E Fully let Average residential rent: 10.05 EUR/sqm 67819