Commission-free: Landmark property in the best location in the old town.

Historic building with residential and commercial space, located in the best part of the old town. This historic building is situated in the heart of Passau's old town, between the cathedral and the university, and is particularly popular with students. The listed building currently offers approximately 555 square meters of living space and 125 square meters of commercial space, and would benefit from modernization. After the planned renovations, the building will comprise 10 apartments, a two-person shared apartment, and two three-person shared apartments, as well as two commercial units, spread across approximately 600 square meters of living space and approximately 125 square meters of commercial space. In addition, the property has significant potential for expansion in the very large and spacious attic (approximately 275 square meters). The relevant section of the building is currently vacant, allowing work to begin immediately. The property is being sold commission-free and directly from the owner, eliminating the usual real estate agent's commission. For investors, this property offers attractive depreciation opportunities:
The renovation costs can be depreciated over 12 years due to the historical building status. In addition, a separate expert report establishes the building's depreciation period at 14 years, allowing for a depreciation of 7.1% per year of the building's value. For further information, please contact me at 0172 5602682.