House for sale 1 bedroom • 1009 m² without real estateBismarckring 21-23 Wiesbaden Wiesbaden Hessen 65183

INVESTMENT HIGHLIGHT IN WIESBADEN – RENOVATION PROJECT WITH ENORMOUS APPRECIATION POTENTIAL

Located directly at the Rhein-Main University of Applied Sciences campus and in the heart of Wiesbaden, a rare opportunity awaits investors, project developers, and long-term owners: a listed residential and commercial building with approximately 2,381 m² of rentable space on a parcel of about 755 m² – and AVAILABLE FEE-FREE in a private sale.

THE PROPERTY

The impressive building complex at Bismarckring 21-23 was constructed around 1957 and comprises a ground floor plus 7 additional floors (GF+7) with a total of 30 units, as well as mobile network sites on the roof. The gross usable area amounts to approximately 2,580.71 m². In the courtyard, there are 4 individual garages, 3 of which are currently available.

THE POTENTIAL – VACANCY AS AN OPPORTUNITY

Currently, about 28 of the 30 units are vacant (covering approximately 2,128 m²). What at first glance appears to be a challenge is actually the property’s greatest opportunity: the high vacancy rate allows for a comprehensive repositioning and project development – without lengthy lease terminations or eviction processes.

Optimal usage concepts for the redevelopment include:

• Student Apartments – The Rhein-Main University of Applied Sciences is literally across the street. The demand for affordable student housing in Wiesbaden is enormous while the supply remains limited.

• Micro-Apartments / Boarding Houses – Compact, furnished units for young professionals, commuters, and students that can command above-average rents per square meter.

• Serviced Apartments – For business travelers and short-term stays in a central location.

• Traditional Rental Apartments – After renovation in a prime central location with top-tier rents.

EXISTING INCOME

Despite the high vacancy, the property already generates an annual net rent of approximately €50,062.52 from:

• 2 commercial units on the ground floor

• 2 mobile network contracts on the roof (with attractive terms running until 2033 and 2044)

These mobile network contracts provide a reliable, long-term income floor and secure the cash flow even during the project development phase.

LISTING STATUS PROVIDES A TAX ADVANTAGE

The building is listed as an ensemble under § 2 (3) of the Historic Preservation Act (HDSchG). For investors, this means that renovation costs can be claimed tax-deductible via the historic preservation depreciation scheme (Denkmal-AfA) (§ 7i EStG for landlords or § 10f EStG for owner-occupiers). This represents a significant tax lever that considerably improves the overall investment return.

KEY CONSTRUCTION DATA

• Year of construction: circa 1957

• Floors: Ground floor + 7 upper floors

• Elevator: available (House No. 21, currently deactivated)

• Heating: Gas central heating (installed in 1991, in need of renewal)

• Plot: approximately 755 m² (720 m² + 35 m²)

• Standard land value: €1,000/m² (as of January 1, 2024)

• Development plan: Wiesbaden 1952/05 or § 34 BauGB

FEE-FREE

The sale is conducted directly and privately – without brokers and without buyer’s commission. This means you save the usual commission fees and can invest the saved capital directly into the renovation.

PRIME LOCATION IN CENTRAL WIESBADEN – DIRECT ACCESS TO THE CAMPUS

The property at Bismarckring 21-23 is situated in one of Wiesbaden’s most sought-after locations – centrally in Wiesbaden-Mitte, immediately adjacent to the Rhein-Main University of Applied Sciences (campus at Bismarckring). This micro-location is hard to beat for investors targeting the student housing and micro-living segments.

INFRASTRUCTURE IN THE IMMEDIATE SURROUNDINGS

• Bus stop: 1 minute on foot

• Kirchgasse pedestrian zone: about 10 minutes on foot

• Wiesbaden main train station: about 7 minutes on foot

• Autobahn A 643: approximately 10 minutes by car

• Frankfurt am Main Airport: approximately 30 minutes by car

The location is characterized by excellent public transport connections, and the bustling city center with strong retail is within walking distance. Supermarkets, restaurants, medical practices, and other everyday amenities are in the immediate vicinity.

The area benefits from consistently high demand for housing in the Rhine-Main region. Wiesbaden, as the capital of Hesse, experiences stable population growth and increasing student numbers at the Rhein-Main University of Applied Sciences – ideal conditions for an investment in residential property.

INVESTOR NOTES

• Price on request !!!

• Asset class: Investment / Value-Add

• The property consists of two buildings – one with GF + 7 and another with GF + 5

• Historic Preservation Depreciation (Denkmal-AfA): Tax-deductible depreciation of renovation costs is possible (§ 7i / § 10f EStG)

• Due Diligence: All relevant documents (rental contracts, energy certificates, land register extract, declaration of division, building permits) can be viewed after an expression of interest

• Viewing: By appointment

• Contact: Directly via the contact form on ohne-makler.net

This property is ideal for:

• Project developers with experience in residential renovation

• Long-term owners with a long-term investment horizon

• Investors looking to benefit from the historic preservation depreciation

• Operators of micro-living or boarding house concepts