HouseNuremberg (Germany)

For sale is an impressive apartment building, consisting of a front and rear building, which is located on a 410 m² plot. The property, which was built in 1898, is registered as an individual monument in the list of monuments and thus offers attractive tax advantages. The property has a total living space of 790 m², spread over 14 residential units, 9 in the five-storey front building and 5 in the three-storey rear building. In addition, approx. 100 m² of usable space are available.Building fabric and equipment:The building has been extensively modernised to meet contemporary living requirements. The façade on the street side impresses with historic sandstone, while the rear of the main building and the entire rear building are equipped with a thermal insulation composite system (ETICS) and 14 cm thick insulation. The top floor ceilings are also insulated, which contributes to efficient energy use.A new gas central heating system, which will be installed in 2024, in combination with modern insulation, ensures a reliable and efficient heat supply. Hot water is prepared in the individual rental apartments via electric storage tanks (boilers). The roof of the Secret Annex has recently been renewed, and all the windows in the Secret Annex are made of plastic, which further improves the energy standard.Interior:Some of the apartments have been completely renovated in the last ten years. They have plastered and painted walls and ceilings, some with stucco decorations. The floors are mostly equipped with laminate. All units are equipped with modern bathrooms including toilets. Historical elements such as wooden doors underline the charming character of the old building.Economic aspects:The property generates annual rental income of approx. 101,000 EUR. Assignable ancillary costs amount to 50,000 EUR per year.