Securely rented; clear in potential – Renovation project as an investment opportunity

Currently for sale is a standalone house in need of renovation, which is currently rented as a team house to a successfully managed gastronomy business. The existing lease was recently extended for another four years, promising the buyer long-term income security, stable rental returns, and a yield of around 4%. The property offers an attractive initial return due to the existing lease, making it an ideal investment for forward-thinking investors. The building is in a state requiring renovation, offering significant development potential. Through targeted refurbishment, not only can the potential be newly unlocked, but future use can also be flexibly designed. Both a continuation of the current use as employee accommodation and long-term re-purposing are conceivable, depending on the concept and location advantage. The house's freestanding location ensures good accessibility and lighting, while the proximity to various gastronomy businesses indicates a lasting occupancy of the property. The adjacent building plot, for optimal parking possibilities, can be acquired for an additional €80,000. The ongoing lease revenues provide a solid foundation for financing and investment – the combination of existing security and development perspective makes this property particularly attractive.