Apartment building with large garden in established urban location

Not every development property starts from zero.

The property with existing buildings offers project developers and investors the rare opportunity to acquire a well-maintained existing property with attractive development potential. Instead of a classic new-build project, this opens up the chance to intelligently further develop existing values and create a forward-looking residential and investment project from them.

On a nearly rectangular plot of around 1,700 m², there is a solidly built building with around 720 m² of usable space. The property already comprises several apartments, rentable rooms and spacious communal areas. The existing building fabric provides an economically usable starting point and at the same time opens up a wide range of development options.

The known development regulations with a site coverage ratio of 0.5 and three permitted full storeys create attractive conditions for the further development of the existing building. Attic conversion, reorganization of existing spaces and extensions within the framework of building law offer interesting prospects for investors with foresight.

Whether classic rental apartments, employee housing, serviced apartments or assisted living – the combination of well-maintained fabric, spacious south-facing garden and long-term development potential makes this property an exceptional investment opportunity.

Highlights

• approx. 1,700 m² plot with nearly rectangular layout
• around 720 m² existing usable space
• well-maintained building fabric – immediately usable
• large, south-facing garden
• zoning predominantly mixed-use area with residential area at the rear
• site coverage ratio 0.5 with three permitted full storeys
• conversion and extension options in accordance with building law framework conditions
• existing apartments and rentable rooms
• elevator installation possible after approval
• numerous parking spaces
• ideal for rental apartments, employee housing, serviced apartments or assisted living

An investment begins with an idea.

We would be happy to present this exceptional property to you in person and show you the possibilities that arise from the existing building, the plot and future development.

We would like to point out that viewings are conducted exclusively upon presentation of a financing confirmation or appropriate proof of capital. This requirement is made at the express request of the owner and serves to maintain discretion and an efficient sales process.

Call us – we look forward to presenting the property to you in person.

Note pursuant to the Energy Performance Certificate Submission Act: An energy performance certificate has not yet been submitted by the owner or seller, after we informed them of the generally applicable submission obligation and requested its preparation. Therefore, at least an overall energy efficiency appropriate to the age and type of the building is deemed to be agreed. We accept no guarantee or liability whatsoever for the actual energy efficiency of the offered property.

Infrastructure / Distances

• Health
  • Doctor <2,000m
  • Pharmacy <1,000m
  • Hospital <1,000m
• Children & Schools
  • School <1,000m
  • Kindergarten <500m
• Local amenities
  • Supermarket <500m
  • Bakery <1,000m
  • Shopping center <1,000m
• Other
  • Bank <1,000m
  • ATM <1,000m
  • Post office <1,000m
  • Police <1,000m
• Transport
  • Bus <500m
  • Motorway access <2,500m
  • Train station <1,500m
  • Airport <5,000m

Distance information as the crow flies / Source: OpenStreetMap