Commercial apartments suitable for conversion

In this fine property from the year 1750 - there are 2 commercial condominiums of 311 m² (ground floor) and 218 m² (1st floor) respectively, which together amount to 529 m², are now being offered. The condominium on the ground floor is located high up, approx. 2 meters above the pavement, and is thus not bothered by the view of passers-by. The commercial condominiums can be re-let for office use. A closer investigation/dialogue with the owner's association and authorities can open up the possibility of conversion from business to residence. The local plan immediately opens the possibility for this, as there are several ground-floor homes in Store Kongensgade. In the case of a potential possible conversion, it can be divided into 3 units, which will have an average apartment size of 173 sqm. Condominiums in the area are offered at the level of DKK 55-75,000 per sqm, whereas a total price of these commercial condominiums of DKK 22,000,000 corresponds to a square meter price of DKK 41,500. When renting to an office, at a rent of DKK 1,750 incl. operation, the investment will yield a return of around 3.25%. If the commercial condominiums are not to be converted from the start.