House for sale • 456 m² without real estate, Hesse

An attractive residential and commercial building is for sale in Gießen-Kleinlinden, offering a total of 8 residential units and one commercial unit. The property presents capital investors with an interesting combination of ongoing rental income, a fine-partitioned and easily let residential structure, and further development potential.

The lettable area amounts to approximately 456 m² in total, of which about 388 m² is living space and about 68 m² is commercial space. The generous plot covers around 1,070 m².

The current, or shortly achievable, net cold rent is approximately €7,460 per month, or €89,520 per year, which results in an attractive gross rental yield of about 6%.

Particularly interesting for capital investors is the balanced tenant structure. The apartment sizes range from around 20 m² to 107 m², with a large portion consisting of smaller and medium-sized units. These apartment sizes are in permanently high demand in the university town of Gießen and can be very successfully rented to students, singles, young professionals, and commuters.

On the ground floor of the front building there is an additional commercial unit of about 68 m², which is currently used as a pizzeria and benefits from its highly visible location on Frankfurter Straße.

The building complex consists of a front building (built in 1900), a middle building (built in 1978), and a rear building (built in 1966) and is altogether in a well-maintained and solid condition. Most of the apartments have been renovated in recent years. Important investments have also already been made in the building services: the gas heating system in the front building dates from 2023, and that in the rear building from 2015.

Additional income is generated through parking spaces, a garage, and a rented hall. Behind the buildings there is also a generous garden area available for shared use by the tenants.

In addition to the ongoing income, the property also offers long-term development potential. Due to the comparatively low development of the middle and rear buildings, a possible extension such as adding additional floors could be considered in the future. Of course, a corresponding planning permission would be required separately.

Overall, this is a high-yielding existing property with around a 6% yield, excellent rental potential, and a broad income base – ideal for capital investors looking to build or expand a long-term, well-let portfolio in Gießen.

The property is located in the southern part of the city of Gießen in the Kleinlinden district, right on Frankfurter Straße. The location combines good accessibility to the city center with short distances to the main transport routes.

Gießen station, highway connections, and numerous shops and daily necessities are reachable within a few minutes. In the immediate vicinity there are, among others, doctors, service providers, restaurants, and retail outlets.

A particular advantage of the location is its proximity to the facilities of Justus Liebig University Gießen. This creates continuously high demand, especially for smaller apartments, from students, singles, commuters, and young professionals.

The combination of excellent infrastructure, high rental demand, and proximity to downtown Gießen makes the location attractive for both residential and commercial tenants.

Highlights

• Annual net cold rent of approximately €89,520 >> 6% yield

• High proportion of small, very rentable apartments

• Commercial unit with a direct location on Frankfurter Straße

• Gas heating systems renewed as early as 2015 and 2023

• Predominantly renovated apartments

• Generous garden for shared use

• Very good rental potential due to the university location in Gießen

• Additional long-term development potential