Investment Opportunity: Character Building in De Pijp with Commercial Space and Apartments

This property presents a distinctive investment opportunity in one of Amsterdam's most sought-after neighborhoods. Located on Sint Willibrordusstraat in the Willibrordusbuurt area of De Pijp, this character building dates back to 1904 and offers a combination of commercial and residential spaces that can be redeveloped according to the buyer's vision.

The building spans multiple levels, each serving a different purpose. The ground floor accommodates a commercial space measuring approximately 95 square meters based on the NEN2580 measurement standard. This retail or office space provides immediate income potential or could be adapted to suit various commercial purposes. The upper floors consist of residential apartments, with each of the first, second, and third floors containing an apartment of approximately 50 to 55 square meters. Additionally, the attic floor is currently utilized as storage space for the building but holds potential for conversion into additional living area, subject to obtaining the necessary permits and meeting building regulations.

The total residential living area across the residential floors amounts to 157 square meters, while the commercial ground floor adds another 95 square meters to the property's total usable space. The building has a volume of 756 cubic meters, reflecting the generous ceiling heights typical of buildings from this era.

De Pijp has established itself as one of Amsterdam's most vibrant and desirable residential areas. The neighborhood is characterized by its diverse population, eclectic mix of shops and restaurants, and a lively atmosphere that appeals to both local residents and visitors. The Albert Cuyp Market, one of the busiest daily markets in the Netherlands, is within walking distance and contributes significantly to the area's dynamic character. The Sarphatipark, a green oasis in the middle of the urban environment, offers residents a place for relaxation and recreation.

The location on Sint Willibrordusstraat positions the property within close proximity to the Amstel river and the city center. The Ceintuurbaan and Lutmastraat, both easily accessible on foot, provide a wide range of shopping options, specialty stores, and dining establishments. Public transportation connections are excellent, with various tram and metro lines serving the area, including the North/South line which connects De Pijp to other parts of Amsterdam efficiently.

Regarding the ground lease situation, the property is situated on leasehold land. The seller has committed to arranging the ground lease conversion and paying off the canon for a period of 50 years prior to the transfer of ownership. According to the cadastral information, the lease has been paid off until June 30, 2090, providing long-term security for the new owner.

Prospective buyers should note several important aspects of this property. The foundation is mentioned as a point of attention, which is common for buildings of this age in Amsterdam and would require investigation by a structural engineer. The building currently operates as a single entity and will need to be officially split into separate units, a process that involves legal and administrative procedures. The sale is conducted on an "as is, where is" basis, meaning the property is transferred in its current condition without warranties from the seller.

The property is being marketed by WIJ Consultancy, and interested parties are required to contact them via email to express their interest. Following this initial contact, prospective buyers will receive a process document that includes a confidentiality agreement and further explanation of the sales procedure. Only after signing this document will access be granted to a data room containing comprehensive sales documentation, including detailed reports and technical information.

This property is also available for acquisition in combination with several other buildings that are currently on the market. These include properties on Paardekraalstraat, Pretoriusstraat, Laurierstraat, and Papaverweg in Amsterdam. This option may appeal to investors looking to build a portfolio or developers planning larger-scale projects.

The building features a balcony or roof terrace, though the exact specifications are not detailed in the listing. The property currently does not have a registered homeowners association, which is expected given that the building has not yet been formally split into separate units. Consequently, there are no annual contributions, reserve funds, maintenance plans, or building insurance arrangements in place through a VvE structure.

An energy label is not available for this property, which is not uncommon for buildings that have not been recently sold or renovated and consist of multiple units that have not been individually assessed.

The asking price is set at 1,500,000 euros, with the buyer responsible for the transfer costs (kosten koper). This translates to approximately 9,554 euros per square meter of residential space, though this calculation does not account for the commercial ground floor space which adds significant value to the property.

Video presentations have been made available for each property in this portfolio, compiled in a YouTube playlist, offering interested parties an initial visual impression of both the buildings and their surroundings before committing to the formal inquiry process.

This listing represents a genuine opportunity for investors or developers with the vision and resources to transform a historic building in a prime Amsterdam location into modern residential and commercial spaces that meet current market demands.