House for sale • 1232 m² without real estateAugust-Bebel-Straße 19, , Thuringia

Extraordinary Gründerzeit factory owner villa in a central location in Greiz with approximately 1,232 m² of living space on a plot of about 2,900 m².

The representative property was built at the end of the 19th century for the manufacturer and founder of the Greiz woolen weaving mill, Franz Hermann Dietel. The villa combines impressive historic architecture with spacious areas and an existing mix of commercial and residential uses. MPH 1035293-1

The current rental and lease income amounts to approximately €60,000 per year in total. Of this, around €48,000 per annum comes from a commercial lease and about €12,000 per annum from additional renting. With an asking price of €795,000, this corresponds to a calculated gross yield of approximately 7.55%.

The property was extensively renovated in 2024. Some individual areas still show further, manageable investment or optimization needs.

Inside, numerous exceptional historical features can be found: spacious reception rooms, a fireplace room, banquet and piano rooms, an art studio, winter gardens, elaborate wooden paneling, parquet floors, stucco and ornamental ceilings as well as historic stained glass windows. The current brochure documents a total of 25 rooms, 14 bedrooms and 6 bathrooms. MPH 1035293-1

Due to the size and layout, the property offers diverse long-term usage possibilities in addition to the existing use, for example, for accommodation, residential and commercial use, office or practice operations, seminar and educational concepts, or other operator concepts.

The specific permissibility of future changes of use is to be verified by the buyer with the relevant authorities.

The villa is located in a central yet spacious area in Greiz, only about 500 meters from the town center or old town.

Shopping opportunities and services can be easily reached on foot. Lidl and Edeka are located in the immediate vicinity, ensuring excellent local supply.

Doctors, dining options, and other daily necessities are also located nearby. According to the current property documents, the hospital is about 850 meters away. MPH 1035293-1

Greiz train station offers regional connections, among others, to Gera and Zwickau. The federal highways B92 and B94 provide good regional transport connections. MPH 1035293-1

Particularly noteworthy is the combination of a central urban location, a large plot, and a park-like character, which is rarely found in a property of this size.

The property features an exceptionally extensive historical equipment:

• Representative Gründerzeit architecture

• Historic wood paneling and built-in features

• High-quality parquet flooring

• Elaborate stucco and ornamental ceilings

• Historic doors and door frames

• Artistically designed wall and floor tiles

• Stained glass and ornamental windows

• Fireplace room

• Several banquet and reception rooms

• Piano room

• Spacious art studio

• Two-story winter garden

• Spacious kitchen areas / event kitchen

• Extensive garden and park areas

• Historic, listed stone grotto within the park area

• Approximately 10 car parking spaces

According to the available property documents, the gas central heating system was renewed in 2016. MPH 1035293-1

The building underwent extensive renovations in 2024. Due to the age and size of the property, some areas still require further investment or optimization.

Private sale – commission-free for the buyer.

Asking price: €795,000

Current rental and lease income: approximately €60,000 per year, of which about €48,000 comes from commercial leasing and about €12,000 from additional renting.

Further information on the existing rental and lease agreements, as well as additional documents and floor plans, can be made available to qualified buyers upon appropriate arrangement.

Viewings are by appointment only.

All information has been compiled to the best of our knowledge. Errors and prior sale are reserved.