Apartment Block for Sale in Forst near Cottus Germany

 

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Residential and Commercial Building
Cottbuser Str. 58/Bahnhofstr. 60
DE 03149 Forst/Lausitz

 Deutsch
Kind of Property Classic Apartment House with Commercial Spaces
Year built about 1887
Reconstruction about 1997
Stories 4
Elevator None
Monumental Protection Corner Building at Cottbuser Str. 58
Site about 555 sqm / 0.14 acre (2 parcels of land)
Kind of Use Residential and Commercial
Living Space approx. 804 sqm / 8,651 sq. ft.
Commercial Space approx. 264 sqm / 2,841 sq. ft.
Total Floor Space approx. 1,068 sqm / 11,492 sq. ft. plus Basement
Apartments 11
Commercial Units 2
Vacancies 3 Flats, both Commercial Spaces
Actual Monthly Net Rent about EUR 2,236 plus utilities
Actual Annual Net Rent about EUR 26,832 plus utilities
Sales Price EUR 350,000
Sales Price per sqm EUR 328
Cap Rate about 13-times the rent roll
Rental Yield about 7.7%
Visual Impressions
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Property Location
Further Details
Location Forst is a town in the Niederlausitz region of the federal state of Brandenburg, district Spree-Neiße. It has a population of about 21,300 and is base of several enterprises from the metal and logistics industry. The city sits next to the border of the Republic Poland, about 25 km east of Cottbus.

Bus stops are in close vicinity, also to get to the train station at a distance of maybe 500 m. From here one gets connection to the regional and national railway service. By car Forst is connected by the A 15 state highway, the B 112 federal road and several ordinary roads.

Berlin's Schoenefeld Airport/BBI is about 130 km away, Dresden about 140 km, central Berlin about 150 km and the capital of the Czech Republic, Prague, about 320 km.
Description The property is located within a redevelopment area.

The solid corner building has been established at the end of the 19th century on a central location. It impresses with its stucco facade and partially yellow bricks, semicircular projecting alcove and dome.

At the end of 2009 the building at Cottbuser Str. 58 has been listed to be monumental protected. Besides the facing, the building comes with an iron-made stairway and ornamented railing. Please pay your attention on the fact that neither the house at Bahnhofstr. 60, nor the rear building in the courtyard has been landmarked. Only the street-facing block at Cottbuser Str.!

All buildings have basement. The reconstruction in 1997 included works on the roofing, facade, windows, stairways, sanitary and power equipment as well as the heating system.

The property benefits from gas central heating and hot-water system (kitchen with electric heaters), reconditioned wooden double box windows, PVC insulated windows at the back and bathrooms with tub in the accommodations.
Miscellaneous The offer is subject to confirmation and free of commission for the buyer.

Details based on statements of the owner and/or the house management company (rents as of March 2010). 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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