House for sale • 550 m² without real estateBielefeld Bielefeld Nordrhein-Westfalen 33602

For sale is an old building in the central area of Bielefeld-Mitte with attractive potential for appreciation, offering an interesting opportunity especially for project developers, construction companies, and professional real estate investors.

The historic old building fabric provides a good foundation for the development of modern apartments with a charming vintage character. In particular, comprehensive core renovation offers significant potential for the sustainable enhancement of the property.

Through high-quality revitalization, a modern residential product can be created within a historic structure. The blend of old building charm, a central location, and contemporary amenities opens up various utilization strategies.

In addition to the traditional rental of up to eight apartments, the option to subdivide and subsequently sell the renovated condominiums individually is particularly appealing. Comparable residential projects in Bielefeld-Mitte indicate that substantial value appreciation can be achieved through renovation compared to an unsanitized property. Alternatively, the property is suitable for long-term holding. Due to the apartment sizes of approximately 83 m² each, there is also the possibility of using the units as tri-flatshare living communities. In total, up to 24 shared living rooms could be created. The central location of Bielefeld and the presence of a major university provide encouraging prospects for student housing and young professional concepts.

Highlights:

• Central location in Bielefeld-Mitte (Luisenstr. 11)

• Plot size: 428 m²

• Approximately 550 m² of current living space, divided into 7 residential units

• Additional development potential (approx. 50 m²) in the attic for another residential unit

• 2 occupied units; the other units are vacant

• Various conceivable utilization and exit strategies

• Condition: Extensive need for renovation and modernization

• Commission-free sale