You will love this residential building with commercial premises in the center of Ulm (Baden-Württemberg). House of 4 800 sq. m. was built in 1910 and 1935 on a plot of 3,900 sq.m. Recently, a complete reconstruction and modernization of the building has been carried out and it is in excellent condition.
Commercial premises are used as hotel rooms. The lease agreement for commercial premises is concluded for a period of 10 years with the option of extending the lease agreement for another 10 years. At the same time, the tenant undertakes, at the end of the lease term, at his own expense to restore the house and bring the object in excellent condition.
The annual rent at the moment is about 895,000 euros.
Total area - 4 800 sq. m.
The cost of the building is 14,700,000 euros
Profitability - 6,1%
Ulm is a city in Germany, in Baden-Württemberg, on the Danube River, about 70 kilometers south-east of Stuttgart and 120 kilometers north-west of Munich. The city with a population of about 120 thousand people constitutes the urban district and is the administrative center of the Alb-Danube district. Known since 854, has a rich history, from the XIII century, the imperial city ( Reichsstadt). As a result of finding here numerous industries, this is a major economic center.
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Do not miss the opportunity to buy a residential building with commercial premises in the center of Ulm!