Commercial property for sale • 2600 m² without real estateParkallee 8, , Thuringia

Extraordinary INVESTMENT PROPERTY with a 7% yield!

In the best standalone location of the large district town of Nordhausen in North Thuringia, in the center of Germany, on the busy federal highway B4 in 99734 Nordhausen am Harz. Here you will find the restaurant “PARKSCHLOSS,” unique in its location and size for this region. Nordhausen, with its many incorporated villages, has a catchment area that includes numerous surrounding communities extending into the West Harz in Lower Saxony, totaling well over 150,000 inhabitants. The restaurant “Parkschloss” with its large beer garden is known far beyond the borders of Nordhausen and has existed since the end of the 19th century.

Even during the times of the GDR, “PARKSCHLOSS” was a renowned showcase property for gastronomy and celebrations.

In 2018, following extensive renovations that lasted until 2017, a regionally renowned top-class Asian restaurant with a Mongolian grill and open kitchen was opened here.

The operators of the restaurant—a Chinese entrepreneurial family—successfully manage this unique restaurant, are very popular with guests, and intend to continue operating it for many years to come, as secured by a long lease contract with extension options. Through further significant investments in modern furnishings and décor, the operators have imparted a special and unique character to the property. The lease contract has been extended by the operator/tenant for an additional 10 years.

This makes the property, with a yield of 6%, particularly attractive for forward-thinking investors. It offers a high-caliber investment opportunity with a large plot in a unique prime location, especially as real estate prices continue to rise.

Key Data:

Total Property Area: approx. 5,862 sqm

Restaurant: approx. 1,400 sqm

Beer Garden: approx. 200 sqm

Residential Building: approx. 280 sqm

1)

Asian buffet restaurant featuring various openly designed spaces (different halls, a modern open kitchen with a Mongolian grill, numerous modern buffet stations, a children’s room, separate restroom facilities including an accessible toilet with a ramp at the restaurant entrance), a large beer garden terrace with approximately 100 seats.

2)

Integrated residential building at the rear with a separate entrance, currently occupied by the restaurant’s staff.

- Enclosed rear courtyard for deliveries with a loading ramp, numerous storage and utility rooms, 2 cold storage rooms in the building.

- Modern fire alarm system, extensive basement with numerous storage rooms, a heating room with a brand new modern gas heating system (2023), and an electrical room with up-to-date installations featuring CT transformer operation.

3)

Direct substantial access from the federal highway B4 to the generous outdoor area with over 70 parking spaces. Two additional municipal parking spaces are located in the immediate vicinity of the restaurant on the same and opposite sides of the street (approx. 100 and 200 m away) along with a newly created pedestrian crossing from the center of the city park across the federal highway directly to the restaurant.

I am happy to be available personally as the owner for any further questions.

The sale is made directly by the owner, without any brokerage fees.

An energy certificate will be prepared and will be available at the notarial contract signing.

Located in a prime location on the high-traffic federal highway B4 (approx. 30,000 vehicles daily) towards Magdeburg and the Harz, in the inner city of Nordhausen at the city park and in the immediate vicinity of the football stadium – offering the best infrastructure: district hospital, tram stop, shopping facilities, city park – Nordhausen also has a direct motorway connection via the A38 (with 3 exits).

Investment property with a 6% yield sold directly by the owner, without brokerage fees.