905 m² Neubau in Toplage mit Baurecht

For sale is a 680 m² property with an approved new construction project, which includes a net living area of approx. 905 m² + open spaces. On the property there is currently a two-storey old building with a ground floor, upper floor and an unfinished attic. The building is partially basemented and classified as a demolition object. The demolition of the existing building has already begun, but is not yet fully completed.

The existing building area measures approx. 222 m². For the property there is a legally binding submission plan with building permit for the construction of a modern multi-family house. A new building is planned with a basement, ground floor, three upper floors and two attic floors. In the two attic floors, two attractive maisonette apartments are planned. The building permit was issued according to the expert report on 30.11.2022 and valid for 4 years.

The leasehold has a term until 31.12.2079 (60 years, with the option to extend the leasehold to 100 years, lease rent at extension: € 17.516,80 - as of 2019). The current lease rent is € 14.366,18 per annum from 01.07.2025. The lease rent is payable in two installments and is CPI-indexed according to the CPI 2015; the minimum rent is € 1.54 per m² of net living area per month or for commercially used areas, net usable area plus indexation, taxes and charges.

The project comprises a total of 16 residential units. In the basement there is planned a garage with 9 car parking spaces, which ensures a comfortable parking situation for the future residents.

This property offers an excellent opportunity for developers and investors to quickly implement an already approved housing project and to benefit from the existing planning as well as the demolition already started.