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Apartment Building for Sale in Cottbus Germany

 

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Reconstructed, fully tenanted Townhouse
Karl-Liebknecht-Str. 22
DE 03046 Cottbus

 Deutsch
Kind of Property Period Apartment Building
Year built about 1870/80
Reconstruction about 1998/99
Stories 4 plus buit-out Top Floor
Elevator None
Land Plot 352 sqm / 0.09 acre
Kind of Use Residential and Commercial
Living Space about 910 sqm / 9,792 sq. ft.
Commercial Spcace about 123 sqm / 1,323 sq. ft.
Total Floor Space about 1,033 sqm / 11,115 sq. ft. plus basement
Residential Units 9
Commercial Units 2
Monthly Actual Net Rent about EUR 4,259 plus utilities
Annual Actual Net Rent about EUR 51,108 plus utilities
Sales Price EUR 700,000
Sales Price per sqm EUR 676
Cap Rate about 13,7-times the rent roll
Rental Yield about 7.3%
Visual Impressions
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Property Location
Further Details
Location Cottbus is a district-free city within the federal state Brandenburg, located in the Niederlausitz region. It has a population of about 102,000 and is besides Potsdam the 2nd largest city of Brandenburg. There are a lot of theatres, museums, historic buildings and public parks as well as educational facilities like a university and advanced technical colleges, e.g. for the building and metal construction industry. Furthermore it's the base of several big enterprises and energy supplying companies.

Bus and streetcar are available in close surroundings at Bahnhofstraße. In addition the city has 4 train stations of the regional and national railway service. By car the city is reachable by the A 13 and A 15 state highways as well as the B 97, B 115 and B 169 federal roads.

The border of the Republic of Poland is about 30 km, the airport Berlin-Schoenefeld (BBI) about 100 km, Dresden about 110 km, Berlin about 130 km, Leipzig about 180 km (240 km by motorway) and the capital of the Czech Republic, Prague, about 300 km away.
Description The L-shaped corner building from the period of rapid industrial expansion in Germany, called the "Gruenderzeit", has been established in solid brickwork structure on a central inner-city location. It has a basement. The reconstruction has been done at the end 1990's and included the facade, windows, roofing incl. thermal insulation and guttering, stairway and heating system. The rental untis have been redecorated as well. Loft space has been extended and each of the two top floor residental units has a terrace/loggia. Some of the apartments have storage rooms and in some of them the WC has been seperated from the bathroom. Every accommodation has an individual gas heating and hot-water system, except one flat features electric storage heaters.

Features of the building are wooden insulated windows with shutter and full bathrooms in the apartments.
Remark The property includes the certificate of completeness, which is already available (deed of partition). So it would be possible in future to manage individual sales of the apartments or commercial units. Except this has not been entered into the land-registry so far (formal act).
Miscellaneous The offer is subject to confirmation and free of commission for the buyer.

Details based on statements of the owner. We can't assure for their correctness and/or their wholeness consequently. Errors in details and transmission as well as mistranslations reserved.
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