Renovation Project with Large Plot and Multiple Rooms

The apartment building from 1970 has a total living space of approx. 308 m² and is situated on a plot of approx. 700 m². The property is currently well let and therefore already offers a solid source of income. At the same time, there is an opportunity to increase the value of this property in the long term due to the considerable need for renovation. The house comprises a total of nine rooms, including seven bedrooms, which open up a wide range of possible uses - ideal for shared flats or large families. Two balconies extend the living space and offer a cozy outdoor area. With simple furnishings and the most recent modernization work carried out in 2000 (renewal of the heating system), the property is a classic renovation project. The house not only offers scope for extensive modernization, but also the option of realizing a completely new living concept by demolishing and rebuilding after a change of tenant. The location impresses with its good public transport connections and proximity to everyday amenities. This makes the property attractive for both investors and buyers looking for a property with development potential. The apartment building, which is in need of renovation, offers numerous advantages and development opportunities. The property already generates a stable rental income due to the existing tenancy, making it a solid investment. At the same time, the high need for renovation offers buyers the ideal opportunity to extensively modernize the property according to their own ideas or to use the property for a new building. With a plot size of approx. 700 m², the property also offers sufficient space for individual usage concepts that can be adapted to personal or economic requirements. This property is perfect for investors who want to exploit the potential of a well-rented house in need of renovation, or for visionary homeowners who want to transform a property to suit their own wishes. Arrange a viewing today to see the possibilities of this exciting project for yourself. We look forward to showing you the benefits and development potential of the property in person.