We are very pleased to be able to offer you this historic apartment building in a central location in Sigmaringen, which was built around 1890 on a 276 square meter plot in half-timbered construction, for sale. The property offers six residential units ranging from 38 to 80 square meters and one to three and a half rooms, five of which are currently rented out and currently generates around 19,000 euros and is expected to generate around 23,500 euros per year once the vacant residential unit has been rented out.
The total living space is approximately 310 square meters and extends over 3 floors. The offer is aimed primarily at investors, investors and property developers or tradesmen who want to give the property a longer life or start a new project. The gross yield on the property is currently around 5.7 percent and even 7.1 percent if the vacant residential unit is let on the planned terms.
One residential unit with around 52 square meters and two rooms is accessed via a separate side entrance, while the others are reached via the entrance to the building and the adjoining hallway and staircase. Upon entering the building, the first apartment is located directly opposite the entrance. This is a newly renovated, currently vacant two-room apartment with a living space of around 50 square meters. Two small steps in the next hallway lead to the entrance of the second and smallest residential unit with one room and approximately 38 square meters of living space.
The adjoining staircase leads to the second floor, where there are two further residential units. To the right of the staircase is a two-room apartment with around 45 square meters. To the left of the stairwell is a three-and-a-half-room apartment with around 80 square meters of living space and an additional 48 square meter roof terrace.
The staircase continues to the 2nd floor for the two-bedroom apartment in the extension with a living space of around 45 square meters, as well as to an unfinished attic and an unfinished attic in the old part of the building, which nevertheless provide space for a further apartment.
The basement of the property can also be accessed via the hallway on the ground floor and an adjoining staircase. This is where, for example, the individual oil tanks for the individual oil stoves in the residential units, which are used to heat them, are located. The basement also offers compartments with usable space for the respective residential units. The three-and-a-half-room apartment also has a wood-burning stove for pleasant wood heat.
The plot around the property offers space for a small garden area. There is also a garage on the property, which is currently used to store the tenants' bicycles.
The windows in the property were successively replaced with new double-glazed windows in 2000, 2008 and 2024. The water and sewage pipes were also completely renewed around 1990, as was the electrical system.
The condition of the property as a whole can be described as in need of modernization and renovation. Modernization is mainly required with regard to the heating system and insulation of the façade and roof, while the need for refurbishment is primarily focused on renewing the roof and partially refurbishing the half-timbering. A later demolition of the building and the construction of a new building in a central location directly below the Hohenzollern Palace are also possible in order to combine the best of living comfort and a central location.
If you are interested in the property, please do not hesitate to contact us in the next step. We will be happy to answer any questions, provide further information and documents and arrange viewings.
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