Investment Property with Full Rental Occupancy in Amsterdam Linnaeusparkbuurt

Situated in the Linnaeusparkbuurt, located within the Watergraafsmeer district of Amsterdam Oost, this property at Linnaeushof 85 is presented as a significant investment opportunity. The listing describes the building as a herenhuis or tussenwoning, which translates to a townhouse or terraced house, originally constructed in 1924. The building features a specific architectural classification as it is situated within a protected city or village view and holds monument status. This designation implies specific restrictions and preservation obligations for the new owner. The property is being sold via an inscription or bidding process, where the seller reserves the right of allocation. Interested parties must register through a specific project notary, Krans Notarissen in Haarlem. The total net residential living area of the building is 237 square meters, while the plot size measures 144 square meters. The building consists of five floors in total. The property is currently fully rented out, providing an immediate cash flow for the investor. The total monthly rental income is specified as 3,397.78 euros, which amounts to an annual return of 40,773.36 euros.

The layout is divided into three separate residential units. The largest unit, designated as Linnaeushof 85-H, encompasses the ground floor and the first floor. This unit has a floor area of 117.50 square meters. It includes a garden of approximately 50 square meters and a storage shed. The monthly rent for this unit is 2,442.64 euros. The second unit, Linnaeushof 85-2, is situated on the second floor and measures 59.60 square meters. This unit features a balcony with a size of 8.60 square meters. The monthly rent for the second floor unit is 575.89 euros. The third unit, Linnaeushof 85-3, is located on the third floor and also measures 59.60 square meters. The monthly rent for this unit is 379.25 euros. Additionally, there is a fourth floor or attic level used as storage, measuring 32.00 square meters. This storage space serves the units on the second and third floors and includes four storage compartments.

In terms of internal amenities, the property offers a total of 15 rooms, including six bedrooms. There are three bathrooms and one separate toilet. The sanitary facilities include three showers, a bathtub, three toilets, and a washbasin. The building has a volume of 1,167 cubic meters. Usage surface areas are broken down into 237 square meters for living, 60 square meters for other indoor space, 8 square meters for building-bound outdoor space, and 21 square meters for external storage. The exterior features a saddle roof covered with tiles. The backyard is situated on the west side, has an area of 49 square meters, and is described as having a sheltered location within a residential area. The property stands on full ownership land, meaning it is freehold and not subject to leasehold.

Regarding energy performance, the property has an energy label that is not mandatory, likely due to its status as a monument. The insulation is listed as non-existent. Parking is available through paid parking, public parking, or parking permits. The asking price is available upon request. The status of the listing is marked as under offer. The acceptance is in consultation. The listing highlights the potential for investors or developers looking for certainty and future value in a popular location.

The financial structure of the investment is detailed with precision. The gross annual rental yield is derived from the summation of three distinct lease agreements. The ground and first floor combination yields the highest portion of the income, reflecting its larger size and inclusion of outdoor garden space. The upper floors, while smaller in square footage, contribute to the total yield through separate tenancy agreements. The division of the property allows for diversified risk, as vacancy in one unit does not eliminate the entire income stream. The physical characteristics of the building reflect its construction year of 1924. Being a protected monument ensures the preservation of the historical facade and structural elements, which adds to the aesthetic appeal of the neighborhood but may require approval for renovations. The lack of isolation indicates a need for potential energy upgrades in the future, subject to heritage regulations. The presence of a balcony and a west-facing garden adds significant livability and value to the respective units.

The sales process is structured as a project sale. This implies that the seller has set specific conditions for the transfer. The involvement of a fixed notary, Krans Notarissen in Haarlem, is a standard procedure in such transactions to ensure a smooth and legally compliant transfer of ownership. Prospective buyers are required to register their interest and gain access to a data room where the sales conditions and detailed project information are stored for review. This ensures transparency regarding the legal and technical state of the property before the bidding deadline. The listing explicitly states the rental prices for each unit. The ground floor unit at 2442.64 euros per month represents the market rate for a spacious apartment of over 117 square meters in this sector. The second floor unit at 575.89 euros and the third floor unit at 379.25 euros suggest different sizes or rental contract types, or perhaps reflect the current rental agreements in place. The sum of these amounts, 3397.78 euros, is the total monthly cash flow an investor can expect upon acquisition. This figure is crucial for calculating the gross yield, though the listing does not provide the purchase price directly, stating it is price on application.

The property is sold as is regarding the rental situation, as it is fully rented. This transfer of tenants simplifies the acquisition for an investor who does not wish to actively manage the property or find new tenants immediately. The in overleg acceptance implies that the moving date and handover of keys are flexible and dependent on the agreement between the buyer and seller. The technical specifications mention natuurlijke ventilatie or natural ventilation and TV cable as provisions. The lack of mechanical ventilation or modern heating systems mentioned in the summary suggests the systems are original or basic, consistent with the geen isolatie status. The zadeldak covered with tiles is a typical feature for this era of architecture in Amsterdam. The external storage of 21 square meters, combined with the 60 square meters of other indoor space, indicates significant storage capacity. The 8 square meters of external balcony space is allocated specifically to the unit on the second floor. The depth of the garden is specified as 5.76 meters and the width as 8.50 meters, providing exact dimensions for potential development or landscaping within the boundaries of the monument permit. This listing presents a complex real estate asset combining the historical value of a 1924 monument with the functional utility of a multi-family rental property.