Location
Mulhouse is nicknamed ‘the city of 100 chimney stacks’ in a nod to its industrial past. Yet the city has forged a new post-industrial image since that golden age. Projects like KMØ – old industrial workshops converted into an innovative hub for firms in digital technology – and the business district around Mulhouse’s train station illustrate the growing appeal of the beating heart of the Mulhouse Alsace urban area with its 280,000 inhabitants.
The offices lie close to the vast square Place de la Réunion and the city’s old stock exchange district. They are nestled inside a sumptuous building, part of a harmonious range of Haussmannian edifices that look out at Parc Steinbach – an oasis of lush parkland – and the city’s grand theatre: Théâtre de la Sinne.
Mulhouse’s high-speed rail station is only a five-minute walk from the property. From there, you can enjoy a train ride to Paris in 2 hours and 40 minutes, to Lyon in 3 hours, to Zurich in 1 hour and 30 minutes, to Strasbourg or Dijon in 1 hour, and to Basel and its international airport in around 20 minutes.
Description
The building’s thick main door of finely sculpted wood beneath a glazed fanlight leads to a few stairs inside that take you up to the entrance hall. This hallway connects to the offices, the garden, a cellar, a lavatory and the upper floors via a timber spiral staircase.
The offices are on the ground floor. From outside, this level stands out from the upper floors for its ornamental horizontal grooves and its tall windows adorned with pear-shaped balusters beneath their sills. The layout of the rooms is practical: each office can be reached from the communal areas.
A consulting firm has been renting these offices since 2001. The current rent, excluding bills, is €1,500 per month, which provides a gross return of over 8%.
The offices
From the building’s entrance hall, a double door of finely sculpted wood leads into the first of four connecting rooms. Today, this first room is used as a library and lobby. A south-west-facing window fills it with natural light. Mouldings embellish its ceiling. Herringbone parquet extends into the largest office. This spacious office, separated from the lobby by a double door, hosts important meetings held by the consulting firm that currently rents the workspace. It is a triple-aspect room: its position in the corner of the building and its three windows, including one in the corner tower, bathe it in natural light.
On the other side, the lobby connects to an office that is also adorned with elegant parquet and a ceiling of splendid mouldings. This room leads to a more private office via a double door. This private office’s two windows, the largest of which faces the tree-dotted garden, flood it with natural light. The four connecting rooms can be reached from the communal areas via different doors, three of which are currently out of use.
On the other side of the building’s entrance hall, a separate office with a floor area of around 19m² looks out at the street Rue de la Sinne and the lush parkland of Parc Steinbach.
The property also includes a private lavatory and a cellar.
Our opinion
A consulting firm has been renting these splendid offices for over 20 years continuously. The fine workspace is ideally located in Mulhouse city centre, near its high-speed train station. These offices, nestled in a sumptuous, characterful edifice, would be the perfect acquisition for an investor looking for a high-quality property to rent out to a stable, conscientious tenant. The trees in the garden behind the building and the lush parkland of Parc Steinbach opposite the edifice add to the value of this prestigious property. And the layout of the offices makes it possible for the place to be divided into separate units. The elegance of this property’s elevations and embellishments, the generous sizes of its rooms, and the spatial arrangement of its interior give this gem a bright future.
Reference 588274
Land registry surface area | 251 m2 |
Main building surface area | 98 m2 |
Number of bedrooms | 5 |
Outbuilding surface area | 15.5 m2 |
Number of lots | 13 |
Annual average amount of the proportionate share of expenses | 1795 € |
NB: The above information is not only the result of our visit to the property; it is also based on information provided by the current owner. It is by no means comprehensive or strictly accurate especially where surface areas and construction dates are concerned. We cannot, therefore, be held liable for any misrepresentation.