Investment project in Duesseldorf, Germany, 1 097 m²

Germany. Düsseldorf. Apartment building.
Apartment building in 40211 Düsseldorf, 1097 m2; (419 m² plot)
Property ID: 18056
Online viewing
Remote purchase
€3,497,000
€3,187/m²
Property type: apartment buildings
Year built: 1905/1951/2008
Floors 1-2-3-4-5
Total area: 1,097 m²
Property status: Available
Number of rooms: 30
Investment property in the prestigious Pempelfort district of Düsseldorf
Basic information
Property type: residential building with commercial premises (Wohn- und Geschäftshaus)
Location: Pempelfort district, Düsseldorf
Sale price: €3,497,000
Year built: 1905
Partial restoration: 1951
Status: Property requires major renovation
Availability: Immediate
Broker's commission: +5.95%, including VAT
________________________________________
Investment Concept
This is a rare opportunity to acquire a property with significant development potential in one of the most sought-after areas of Düsseldorf.
The project includes:
• Renovation of the existing building;
• Addition of additional floors;
• Creation of modern residential apartments;
• Development of the courtyard area;
• Construction of two additional urban loft buildings.
The application for a building permit has already been submitted.
________________________________________
Current Status of the Property
Currently, the property includes:
• 7 residential units;
• 3 commercial units;
• Approximately 800 m² of rentable space;
• Approximately 399 m² of residential space;
• Approximately 400 m² of commercial space;
• Approximately 238 m² of auxiliary spaces. Some of the premises continue to generate income:
• 5 units remain rented out;
• the remaining premises have been partially dismantled and are being prepared for renovation.
________________________________________
Project Potential
After completion of the renovation, the following is planned:
Main Building
• 11 modern apartments;
• significantly increased living space;
• improved layouts and living comfort.
Courtyard
• construction of 2 townhouses (Loft Houses);
• creation of additional premium housing stock.
Planned Indicators
• living area: approximately 1,097 m²;
• usable area: approximately 143 m²;
• total area: approximately 1,240 m².
________________________________________
Technical Specifications
• central gas heating;
• year of heating system modernization: 2008;
• energy class: C;
• Specific energy consumption: 97.2 kWh/m² per year;
• Hot water consumption included in the calculation;
• Basement available;
• Elevator available;
• Balconies and terraces available;
• Barrier-free operating concept available.
________________________________________
Energy Certificate
• Type: Energy Performance Certificate (Verbrauchsausweis);
• Issue date: 30.10.2018;
• Valid until: 29.10.2028;
• Energy efficiency class: C;
• Primary energy source: natural gas.
________________________________________
Location advantages
Pempelfort is considered one of the most popular districts of Düsseldorf due to its combination of:
• Central location;
• Developed infrastructure;
• High demand for rental housing;
• Prestigious urban environment. The immediate vicinity includes:
• Nordstraße with numerous shops and restaurants;
• Medical facilities and pharmacies;
• Kindergartens and schools;
• Universities and educational institutions;
• the famous Königsallee shopping street;
• Schadowstraße;
• Public transportation.
Düsseldorf Airport and the central station are quickly accessible by both car and public transportation. ________________________________________
Investment Benefits
✓ Prestigious location in the center of Düsseldorf
✓ Submitted construction project
✓ Significant potential for expansion
✓ Possibility of creating 13 residential units after project completion
✓ Partially retained rental income
✓ Possibility of subsequent sale of apartments (Aufteilung)
✓ Possibility of purchase via Share Deal
✓ High long-term potential for asset appreciation
________________________________________
Conclusion
The property represents a classic development investment with high added value. Thanks to its prestigious location in Pempelfort, the already begun preparations for reconstruction, and the possibility of significantly increasing the living space, the project offers significant capitalization potential after completion of construction.
Suitable for:
• Residential real estate developers;
• Investment funds;
• Family offices;
• Private investors with experience in implementing reconstruction projects.
We will sell your apartment or house. There is a selection of apartments and houses for various budgets, including commercial properties.