Unique mixed-use investment property with commercial space and four residential units in Amsterdam East

This substantial mixed-use property is located at Pretoriusstraat 49-H in Amsterdam's Transvaalbuurt, a vibrant neighborhood in the eastern part of the city near the Amstel River and Oosterpark.

The property was constructed in 1910 and offers a total living area of approximately 263 square meters across multiple levels, with an additional 77 square meters of commercial space on the ground floor. The building currently comprises four residential apartments of roughly 75 to 80 square meters each, situated on the first, second, and third floors. A commercial unit of approximately 77 square meters VVO BOG occupies the ground floor. The attic level, currently used for storage purposes, already has planning permission granted for conversion into a residential unit with its own separate address and house number.

Currently, the entire property is managed through vacancy management as the building has not yet been subdivided into separate legal entities. This provides the buyer with significant flexibility regarding future redevelopment, layout adjustments, and intended use of the various spaces. The property is being sold on an as is, where is basis, which means the buyer accepts the property in its current condition without warranties or guarantees from the seller.

The property sits on erfpacht (leasehold) land. The seller will handle the conversion of the erfpacht and the buyout of the canon for a 50-year period prior to the transfer of ownership. The current leasehold obligations are bought off until December 31, 2076.

One notable point mentioned in the listing is that the foundation of the building requires attention. Prospective buyers should factor in potential costs for foundation work when considering this property. Professional surveys and structural assessments are recommended before finalizing any purchase decision.

The location in Transvaalbuurt offers excellent amenities within walking distance, including various shops, supermarkets, and dining options. The nearby Oostpoort shopping center provides additional retail possibilities. The area benefits from attractive waterfront routes along the Transvaalkade and Ringdijk, while Oosterpark and Park Frankendael offer green recreational spaces in the immediate vicinity. Public transportation connectivity is strong, with Amsterdam Amstel station and Muiderpoort station both within walking distance, providing easy access to the rest of the city.

The property is being marketed exclusively through a dataroom process. Interested parties must register their interest via email, after which they will receive a process document including a confidentiality agreement and further explanation of the sales procedure. Upon signing the documentation, access to the dataroom with extensive sales documentation will be provided.

The seller is a recognized institution. NEN2580 measurement reports are available for the property. The energy label is currently not available, which is common for older buildings and properties under management.

Importantly, the property can be purchased individually or in combination with four other properties in Amsterdam. This may present opportunities for investors seeking portfolio acquisitions across multiple locations in the city. The combined properties include locations in various Amsterdam neighborhoods, offering diversification potential.

The asking price is 1,505,000 euros excluding transfer taxes and notary costs (kosten koper). This translates to approximately 5,722 euros per square meter of living space. Given the current setup of multiple units and the potential for further subdivision and development, the price reflects the complexity and potential of this investment opportunity.

Buyers should be aware that no owners association (VvE) structure is currently in place, as the building has not yet been legally separated. This means the new owner will need to establish appropriate governance arrangements if desired, or manage the property directly without collective maintenance arrangements. The absence of a VvE also means there is no reserve fund, maintenance plan, or building insurance currently organized through a collective structure, placing full responsibility on the owner(s) for these matters.

This property represents an opportunity for investors seeking a complex with multiple revenue streams from both commercial and residential components in a central Amsterdam location with good transport links and local amenities.