The property
This is a portfolio of 12 condominium apartments sold together. They have one or two rooms each and a combined living area of about 528 m². The units are spread over two neighbouring buildings of solid construction, one dating from 1900, the other from 1938. Every apartment is let.
The current annual net rent without service charges is €62,000. The apartments are let furnished, and the furniture is included in the sale. Its value is put at roughly €150,000, a figure that shifts with each new tenancy. Details of the individual leases are available on request.
Both buildings were gutted and renovated in 2005 and have been kept up to date since. The front building has Villeroy & Boch tiling and Geberit sanitary fittings. Windows are uPVC with insulated glazing, with sound insulation on the street side. Entrance doors are uPVC, interior doors are wood.
Heating differs between the buildings. Each apartment in the main building has its own Vaillant gas boiler, serviced regularly by a specialist firm. The neighbouring building runs on electric and hybrid heating. All units are currently undergoing an electrical safety check, the gas pipes are being pressure-tested, and the energy certificate shows class B.
- 12 apartments, all let
- €62,000 annual net rent
- Furniture worth about €150,000 included
- Full renovation in 2005
- Energy class B
- Bus stop outside the door
- Free parking nearby
Key facts
| Type | House |
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| Town | Pirmasens, Stadtmitte |
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| Federal state | Rhineland-Palatinate |
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| Postcode | 66955 |
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| Living area | 528 m² |
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| Year of construction | 1938 |
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| Status | vacant |
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| Annual rent received | €62,000 |
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| Energy efficiency class | B |
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| Energy demand | 69.8 kWh/(m²·a) |
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| Energy source | electricity |
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| Reference | 4034u |
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The location
Pirmasens is a town of around 40,000 people in the south-west of Rhineland-Palatinate, close to the French border and on the edge of the Palatinate Forest. For much of the 20th century it was the centre of the German shoe industry. Kaiserslautern and Saarbrücken are the nearest larger cities.
The buildings stand towards the edge of the inner town, about 1 km from the centre. Shops for daily needs are close by. There is a bus stop directly outside, and parking in front of the house and in the surrounding streets is free of charge.
Who it suits. An investor looking for a fully let, already renovated block of small furnished apartments that produces rental income from the first day.
Information on your right of withdrawal
Cancellation policy
If a brokerage contract is concluded, consumers have the following right of withdrawal:
Right of withdrawal
You have the right to withdraw from this brokerage contract within fourteen days without giving any reason.
The withdrawal period will expire after fourteen days from the day of the conclusion of the contract.
To exercise the right of withdrawal, you must inform us (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or an email). You may use the attached model withdrawal form, but it is not obligatory.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than fourteen days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
If you requested to begin the performance of services during the withdrawal period, you shall pay us an amount which is in proportion to what has been provided until you have communicated to us your withdrawal from this contract, in comparison with the full coverage of the contract.
End of cancellation policy
German original
Widerrufsbelehrung
Im Falle eines zustande kommenden Maklervertrages haben Verbraucher das folgende Widerrufsrecht:
Widerrufsrecht
Sie haben das Recht, binnen vierzehn Tagen ohne Angabe von Gründen den Maklervertrag zu widerrufen.
Die Widerrufsfrist beträgt vierzehn Tage ab dem Tag des Vertragsabschlusses.
Um Ihr Widerrufsrecht auszuüben, müssen Sie uns (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) mittels einer eindeutigen Erklärung (z. B. ein mit der Post versandter Brief oder eine E-Mail) über Ihren Entschluss, diesen Vertrag zu widerrufen, informieren. Sie können dafür das beigefügte Muster-Widerrufsformular verwenden, das jedoch nicht vorgeschrieben ist.
Zur Wahrung der Widerrufsfrist reicht es aus, dass Sie die Mitteilung über die Ausübung des Widerrufsrechts vor Ablauf der Widerrufsfrist absenden.
Folgen des Widerrufs
Wenn Sie diesen Vertrag widerrufen, haben wir Ihnen alle Zahlungen, die wir von Ihnen erhalten haben, einschließlich der Lieferkosten (mit Ausnahme der zusätzlichen Kosten, die sich daraus ergeben, dass Sie eine andere Art der Lieferung als die von uns angebotene, günstigste Standardlieferung gewählt haben), unverzüglich und spätestens binnen vierzehn Tagen ab dem Tag zurückzuzahlen, an dem die Mitteilung über Ihren Widerruf dieses Vertrags bei uns eingegangen ist. Für diese Rückzahlung verwenden wir dasselbe Zahlungsmittel, das Sie bei der ursprünglichen Transaktion eingesetzt haben, es sei denn, mit Ihnen wurde ausdrücklich etwas anderes vereinbart; in keinem Fall werden Ihnen wegen dieser Rückzahlung Entgelte berechnet.
Haben Sie verlangt, dass die Dienstleistungen während der Widerrufsfrist beginnen soll, so haben Sie uns einen angemessenen Betrag zu zahlen, der dem Anteil der bis zu dem Zeitpunkt, zu dem Sie uns von der Ausübung des Widerrufsrechts hinsichtlich dieses Vertrags unterrichten, bereits erbrachten Dienstleistungen im Vergleich zum Gesamtumfang der im Vertrag vorgesehenen Dienstleistungen entspricht.
Ende der Widerrufsbelehrung
