Commercial use possible! Fractional ownership

The difference between partial ownership and residential property lies in the use: partial ownership is intended for non-residential purposes (e.g. offices, practices), while residential property may only be used for residential purposes. An apartment that is designated as part ownership can be converted into residential property by changing the intended purpose in the declaration of division, which requires the approval of the owners' association and, if necessary, a building permit from the competent authority. Advantages of fractional ownership: (short version) -More flexible use: Ideal for commercial purposes (e.g. offices, doctors' offices). -Fewer housing law requirements: No rent brake or protection against dismissal as with housing. -Tax advantages: depreciation and input tax deduction for commercial use. -Higher rental income: Commercial space often brings more returns. -Attractive for investors: Affordable entry into commercial real estate. -Fewer neighbourhood conflicts: focus on commercial use. -Less stringent requirements: No housing-related regulations. -Fractional ownership is particularly suitable for business and investment purposes. Details of the apartment: -Attic (5th floor) without elevator -Special features: Cellar included, ideal for additional storage space -New gas heating system from 2017 -Windows have been partially renewed Rental conditions: Annual rent: 9.000,- cold Apportionable ancillary costs: 806.53 per year Non-apportionable ancillary costs: 888.73 per year The apartment is currently rented and therefore represents an interesting investment opportunity. With a solid annual rental income and moderate utilities, this property offers an attractive return. The energy requirement certificate states the following values: Energy value: 95.4 kWh/(m²a), energy source: natural gas (gas heating) from 2017, energy efficiency class: C Tim Waag Site Management Nuremberg ImmoSky Deutschland GmbH