Investment project in Dresden, Germany, 4 042 m²

Object type: shopping mall

It includes: 22 shops, doctors' offices, offices and a restaurant

Commercial area: 4042 m2

Land plot of 12 004 m2

Number of parking spaces: 110

Available from: immediately

Rented out: Yes

Monthly rental income (actual): 18 495.70 €

Purchase price: 2,980,000.00 €

Commission: 7.14% including 19.0% VAT

Description

The Grunewald Passage was built in 1995/1996 and consists of a spacious ground floor with a three-sided open passage. The four outer corner points of the complex are designed as two-storey buildings that are connected by stairs. The facility was built on a plot of approximately 12,004 m2 and has access through the Grunewald Ring. There are about 110 parking spaces on the territory. Goods are delivered through the parking area directly to the facility.

In the last two years, the owner has carried out various reconstruction, renovation and modernization works. In particular, the following works have been performed:

- Installation of a new heating system

- Facade renovation

- Partial development of rental space with architectural changes for a hardware store and a day center.

- Reconstruction and repair of vacant premises for offices and medical practices

This facility is a mixed complex with a rental area of about 4,042 m2. Residential apartments and offices are partially located in the corner towers. Previously, the retail space in the aisle was leased to a day center and a discount hardware store. Currently, residents can take advantage of a variety of tenants in the aisle, ranging from restaurants and bistros to medical offices, expert offices, and other service businesses, including insurance, a barbershop, and other services.

Location

The city of Hoyerswerda is a major regional center in the district of Bautzen, federal state of Saxony. It is the third largest city in Upper Lusatia, located about 35 km south of Cottbus and 55 km northeast of Dresden, in the area of Serbian settlement. The city is part of an interregional urban association that includes Bautzen, Goerlitz and Hoyerswerda.

As a result of major administrative mergers in the 1990s, the city's territory increased. The population at the end of 2021 was about 31,300 people. Hoyerswerda is located on the southern edge of the Lusatian Lake District, which begins in Brandenburg and continues in a southeasterly direction through East Saxony.

The facility is located in the southwestern part of Hoyerswerda, on the border with a popular area of individual residential development. For the surrounding settlements, this is the nearest shopping center.