Stunning 1976 Home In The Heart Of Pulheim

Am alten Obstgarten, Pulheim, Germany
Price Upon Request
MLS 1033413
Web code NLEM
Status Active

Key Details

Year Built
1976

Overview

This two-family house built in 1976 in the coveted center of Pulheim. After the lease and some renovation work have expired, the house can also be converted and used privately. It has 12 rooms, a total rental area of approximately  387 square meters, and generates an annual rental income of € 44,128.00. If you compare the in-place rent of € 8.98 / square meters with the average rent for existing properties in Pulheim City of € 11.11 / square meters, it becomes clear that the future rent offers considerable scope. The apartments are currently being rented by the city of Pulheim. The temporary...

lease from 2016 runs until July 31, 2022. The city of Pulheim pays a monthly rent of 3,477.00 €. The heating oil is currently being bought by the city. Two of the three garages are rented to private individuals for € 100 per month each, but you can use them yourself without any problems after the contract has been terminated. The third garage is currently being used by the residents to store their bicycles and can be re-rented from August 1st, 2022. The house was completely renovated in 1988 and continuously maintained.

Here are the modernization measures over the last 10 years:

 

December 2011: New paving in front of the entire house

January 2012: cladding of the roof gable with slates, demolition of trees, new wall facing the street

March 2012: Renovation work in the attic, renewal of the terrace wall, renewal of the entrance gate, new planting

October 2013: Renovation work on the ground floor

March 2014: Garage roofs re-covered + edge cover renewed with titanium zinc

April 2015: New terrace covering

August 2015: Renovation work on the ground floor and basement (renewal of radiators, bathrooms, and sockets / light switches)

September 2015: Sealing of the terrace renewed

January 2016: New hot water tank, renovation work on the ground floor and attic (renewal of floors, bathrooms, and wall painting)

January 2020: new mailbox system

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