Stetterstrasse 3, Mellingen, Aargau 5507

Fully let apartment building with building land reserve and new construction potential Specifications The offered property includes an existing, fully rented apartment building with three 3.5-room apartments, eight outdoor parking spaces, four closed garages, a storage room and a commercial space on an area of 822 m. Also included in the purchase price is the upper plot no. 554 with 396 m. According to an existing feasibility study, it is possible to demolish the four garages and the storage room and build a new building with up to four additional residential units on the site. This could create over 400 m of additional rentable space. Current Occupancy: 100% Deal Option:Share or Asset Deal Renovations: - 2019/2020: Renovation of gastronomy - 2022/2023: Renovation of all apartments incl. electrical and wiring This attractive investment property thus offers not only a stable return, but also considerable potential for expansion.