Badhusgatan 1-3

Investment opportunity – Örebro Glasmästaren 1

Örebro Glasmästaren 1 is located in one of central Örebro's most attractive locations. The property generates an annual rental value of SEK 3,328,198 and comprises a total of 1,918 sqm of lettable area, distributed between residential and office space.

The total building area amounts to 2,448 sqm and includes garage, basement spaces and an unfinished attic. These areas are currently not rent-generating but represent clear future development potential.

The property is sold through a company transfer, enabling a tax-efficient and structurally advantageous transaction.

Investment highlights

Stable cash flow with a fully let property

Net operating income of approx. SEK 2.6 million and a strong net operating margin (~79%)

Attractive mix of residential and office space

Low cost level with a high share of tariff-bound operating costs

Significant development potential in the attic and garage (planning permission required)

Sale in corporate form

Prime location in central Örebro (AAA location)

Financial overview

Income & areas

Rental value: SEK 3,328,198/year

Lettable area: 1,918 sqm

Residential: 790 sqm

Office: 1,128 sqm (let 564 sqm, vacancy 564 sqm)

Costs

Operating costs: SEK 415,320/year

Maintenance: SEK 287,700/year

Total costs: SEK 703,020/year

Key figures

Net operating income (NOI): SEK 2,625,178

Net operating income per sqm: SEK 1,369/sqm

Income per sqm: SEK 1,736/sqm

Cost per sqm: SEK 366/sqm

Net operating margin: approx. 79%

Property description

The property consists of 12 residential apartments and office premises distributed over five floors. The apartment stock includes a unique premium product in the form of a detached roof villa of 169 sqm.

This exclusive residence offers large private terraces, unobstructed views and direct elevator access to the residence, creating a rare combination of villa feel and penthouse standard in the heart of the city centre.

The office premises are consistently in good condition following completed renovations and are fully let.

Development potential

The property offers additional value creation through possible conversion of:

Unfinished attic of approx. 200 sqm

Garage of approx. 150 sqm

Both areas are considered to have potential for residential development, however future planning permission is required.

Technical information

Year of construction: 1952

Facade: Brick

Roof: Sheet metal

Windows: Double-glazed insulated

Heating: District heating

Frame: Wood

Foundation: Basement

OVK (ventilation inspection): Carried out

Energy declaration: Carried out

Registered charge (pantbrev): SEK 35,000,000

Location

The property is located at Badhusgatan 1–3, only approx. 250 metres from Stortorget in central Örebro. The location is one of the city's most sought-after micro-locations.

Direct proximity to Södra station, an extensive urban development area with planned expansion of housing, services and infrastructure, strengthens the property's long-term value potential.

Örebro is a growing regional city with a strong business sector and stable population growth, contributing to long-term strong demand for both housing and commercial premises.

Summary

Glasmästaren 1 offers a combination of:

Exceptional central location

Low risk profile

Further development potential

The opportunity to acquire a fully let property in this micro-location is very limited. Overall, this constitutes an attractive and long-term value-creating investment in one of Sweden's most expansive regional cities.

Price on request. Contact Lejon