$1,275,504

This well-kept property with a total of 7 residential units is situated in a quiet location in the south of the idyllic North Sea island of Wangerooge. For sale here is the left half of the house with rear extension, which is situated on a total plot of approx. 527 m². Built in 1962 and extended in 1977, this property is in good overall condition today. Regular modernizations - including the installation of a new gas boiler (2019) and the renovation of a bathroom (2020) - underline the continuous value retention. The 7 permanently let apartments and an additional double room in the basement ensure stable rental income. In addition, a spare room has been converted on the top floor. Although there is currently no permit for vacation rentals, the municipality of Wangerooge allows up to 75% of the living space to be converted for tourist rentals on request. At an average price of € 180 per night and an occupancy rate of 180 days per year, an additional annual turnover of up to around € 175,000 could be achieved - with considerable potential for increasing returns. In addition to the pure capital investment, the house opens up further options: For example, one of the apartments can be used as a second home or private vacation residence. It is also possible to accommodate your own staff without any problems. Conclusion: This property combines solid rental income with exciting development opportunities, making it an exceptional opportunity for investors. We would be happy to provide you with further information or arrange a personal viewing.

Amenities

• Bedrooms: 8
• Full Bathrooms: 7
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1962
• Built in 1962
• Home size: 2,824 ft² / 262.36 m²
• MLS: 25203036
• Status: Active