SOLD! Investment or personal use! Spacious 2 room apartment with balcony – Niederrad

This spacious and sunny 2-room apartment with a large west-facing balcony is for sale on the 1st floor of this very well-maintained high-rise building with a total of 139 residential units on 15 floors + 139 communal parking spaces.

The apartment has now been freshly renovated.

The land value here is currently € 2,000/m², the property covers 5,671m² and therefore already represents a high land value.

The community of owners here is solidly positioned with a comfortably equipped (=high 6-digit) reserve account.

The monthly maintenance fee is currently (= 2021 amount) €279, of which €227 are apportionable costs. The monthly reserve contribution is €98.26. This means a monthly non-apportionable burden of around €150 for the investor.

We see a possible rent here at 820,- plus the additional possibility of renting a parking space, which can be allocated to each owner of this complex upon request for a small fee of currently only 15,-/month, as all 139 parking spaces are communally owned.

Another positive point to note is that the existing property management company has been working here since the building was built, thus ensuring competent, expert communication at all times.

The apartment is being handed over empty, with woodchip wallpaper, freshly painted white and vinyl flooring in wood look. In 2015 it was extensively renovated: new bathroom, newly tiled kitchen, new designer vinyl flooring in wood look + new skirting boards, newly woodchip wallpaper + painted white and doors + radiators repainted.

In addition to the real photos of the empty apartment, we also present virtual furnished photos here so that you can get a better impression of the possible furnishings; these are marked accordingly.

You enter the apartment into a comfortable hallway area, from which all rooms can be accessed individually.

Immediately to the left is the bathroom, which was completely renovated in 2015 and is modernly tiled in white with a floor-level shower, glass partition, washbasin and toilet.

The second door on the left is the storage room, which of course, in addition to the additional cellar compartment, offers the advantage of being able to comfortably store everything that you don't always want to see (e.g. vacuum cleaner, ironing board, crates of drinks, ...).

At the end of the hallway there is access to the two rooms.

Straight ahead is the bedroom, approximately 15m² in size, comfortably sized and overlooking the balcony.

To the right of it at the end of the hallway is the entrance to the large living/dining area with an adjoining open kitchen, here you can ideally combine living and dining.

A fitted kitchen can then be installed by the buyer according to his choice; all the necessary connections are available.

Another highlight of this apartment is certainly the large west-facing balcony, also already equipped with an awning, with a width of 1.80m and extending completely over both rooms with a length of approx. 7m, certainly a popular place for cozy hours.

A cellar compartment belonging to the apartment (classic wooden crate) is also included.

If the buyer wants to use a parking space belonging to the community, this is currently charged at €15/month, which is a cost contribution that is far below the usual rental price of €50/month and essentially only covers the administration costs for the community of owners.

The location in Mainfeld in Frankfurt-Niederrad is quite attractive because it is very close to the Main, as well as to the university hospital and the office district and is therefore very popular with tenants.

The tram stop is only a 2-minute walk away and the motorway connection can be reached in just a few minutes.

And supermarkets and restaurants are all within easy walking distance.

The personal impression on site – conveys more than 1000 words in the exposé, we look forward to hearing from you to arrange your individual viewing appointment.

Note 1: When making enquiries, we always require your complete contact details: name, first name, address, email address + telephone number.

Note 2: All information in this exposé comes from third parties (owner, administrator, architect, ...) for whom we cannot accept any guarantee or liability. Errors and prior sale remain reserved.

Note 3: We already have a qualified exclusive contract from the seller to broker this property. Therefore, all contact should be made exclusively through our office. The owner expressly does not wish to be contacted directly.

According to Section 656 ad BGB, this is a purchase/sale offer subject to commission for the buyer and seller. When you contact us, you will receive an email asking you to place an order. This written form has been required by law since December 23, 2020. Only then will a brokerage contract subject to commission be concluded with you as the prospective buyer and only then can we arrange a viewing appointment with you.

Only upon conclusion of a notarized purchase agreement will a broker's commission of €31,000 (= including €19,000 VAT) of the purchase price be due to you as the buyer.