Fully let apartment building with building land reserve

3 Stetterstrasse, Stetterstrasse 3
House • 550 m² • ref: b3508256-a1f0-11ef-a039-069ae14c7a06
$2,456,563
Fully let apartment building with building land reserve and new construction potential

Specifications

The offered property includes an existing, fully rented apartment building with three 3.5-room apartments, eight outdoor parking spaces, four closed garages, a storage room and a commercial space on an area of 822 m². Also included in the purchase price is the upper plot no. 554 with 396 m².

According to an existing feasibility study, it is possible to demolish the four garages and the storage room and build a new building with up to four additional residential units on the site. This could create over 400 m² of additional rentable space.

Current Occupancy: 100%
Deal Option: Share or Asset Deal

Renovations:
- 2019/2020: Renovation of gastronomy
- 2022/2023: Renovation of all apartments incl. electrical and wiring

This attractive investment property thus offers not only a stable return, but also considerable potential for expansion.

Surfaces

Living area550 m²
Total822 m²

Stetterstrasse 3, Mellingen