Usable Area: 936 m2 (Gross Lettable Area 689 m2)

PLN 1.600.000 (1.709 PLN/m2)

CHARACTERISTICS:

  • Located in the heart of the Old Town in close proximity to all main attractions

  • 5 offices and 9 flats plus gothic basement in the annex

  • Consistent investment means all necessary conservation works are up to date

  • Ideal location for services, apartments or offices

  • Current Rental Income of 7,40% Gross Yield


DESCRIPTION

The property for sale is a Tenement House in the heart of Torun Old Town. The property consists of the main building and annex. There are 5 offices and 9 flats in the property which are at the moment fully rented with the exception of 2 flats which are un-let. The current monthly income of the property in the current rental structure is PLN 9.000.

The property has 1 land register in the Court in Torun KW NO TO1T/00001502/6 (not separate land register for each of the flats).

The property has gothic elements on the front elevation, staircase and in some offices. All necessary conservation and renovation works have been done regularly on the building.

LOCATION

The property is located at Piekary 11 Street, 350 metres from the main Old Market in Torun,

The neighbouring properties are the Lithuanian embassy, lawyers’ offices, the notaries and swear translator’s office.

MEDIA

The property is connected with all services: electricity, gas, sewage and water. All flats and offices have individual bathrooms and toilets. All offices have gas heating with new ovens. 3 flats have gas heating, 2 flats have electric heating and the remaining flats have coal ovens.

Tenement House Description

Usable area: 589,44 m2

  • 3 offices after thorough renovation, gas heating, new windows.
  • 7 flats:
    • 2 protected tenants,
    • 1 tenant with eviction notice waiting for the flat from the council – to be delivered at the beginning of 2018
    • Other normal rental agreements for unlimited period with 3 months’ notice.
    • All flats have bathrooms.
    • There are coal ovens in 5 flats and electric heating in 2 flats.
  • Basements available for tenants

Annex

Usable area: 346,49 m2

  • 1 renovated office in the Gothic style
  • 1 flat changed into office
  • 2 flats with rental agreements for unlimited period with 3 months’ notice.
  • Big basement with gothic elements which could be easily adapted for service establishment (club, café).

RENOVATION WORKS PERFORMED ON THE PROPERTY

Current owner have performed a set of significant renovation and conservation works which can be proved by appropriate documents and invoices.

There has been done an inventory of all of the flats and offices including basements. The documents will be disclosed to the potential buyers.

The following works have been done:

  • Front building elevation– 2004,
  • Renovation of the staircase in the Tenement House – 2010
  • Renovation of the staircase in the Annexe – 2013
  • Renovation of the roof and roof tiles – 2013
  • Foundations insulation in the annexe – 2014
  • Basement skylights cover – 2014
  • Renovation of the annex – 2015
  • Windows changed in 7 flats

SALE PROCESS

The property will be sold by signing a notary act. Preliminary agreement can be signed after paying 20% non-returnable advance payment and final agreement can be signed within one month time.

OWNERSHIP

There is a full ownership of the property. There are no loans or mortgages on the property.

VIEWING

Please contact our Agent to arrange viewing.

EWELINA KOSINSKA

Tel: +45 56 621 10 62

Mobile: +48 516 042 571

E-mail: e.kosinska@brown-co.pl


Rental Schedule

NO

AREA

FLOOR

TYPE OF PROPERTY

OCCUPANCY

STANDARD

1.

38,64

Ground

OFFICE

RENTAL AGREEMENT

VERY GOOD

2.

39,66

Ground

OFFICE

RENTAL AGREEMENT

VERY GOOD

3.

43,06

1st

FLAT

RENTAL AGREEMENT

TO RENOVATE

4.

47,61

1st

OFFICE

RENTAL AGREEMENT

VERY GOOD

5.

50,20

2nd

FLAT

PROTECTED TENANT

TO RENOVATE

6.

43,24

2nd

FLAT

RENTAL AGREEMENT

GOOD

7.

37,54

3rd

FLAT

EVICTION NOTICE

TO RENOVATE

8.

51,11

3rd

FLAT

EMPTY

TO RENOVATE

9.

54,65

4th

FLAT

PROTECTED TENANT

GOOD

10.

36,89

4th

FLAT

EMPTY

GOOD

11.

85,41

Annex ground + basement

OFFICE

RENTAL AGREEMENT

VERY GOOD

12.

51,85

Annex 1st

OFFICE

RENTAL AGREEMENT

VERY GOOD

13.

52,80

Annex 2nd

FLAT

RENTAL AGREEMENT

TO RENOVATE

14.

49,22

Annex 3rd

FLAT

RENTAL AGREEMENT

GOOD

 

 

Ewelina Kosińska

Home Staging Property Manager Poland

Tel: 516042571

Email: e.kosinska@brown-co.pl