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

Extraordinary investment property with a 7% yield!

Located in the prime exclusive area of the large district town Nordhausen in North Thuringia, in central Germany, on the busy federal highway B4 in 99734 Nordhausen am Harz. Here you will find the restaurant “PARKSCHLOSS”, unique in both location and size for this region.

Nordhausen, along with its many incorporated communities, forms a catchment area that extends to numerous surrounding towns, reaching into the western Harz region in Lower Saxony, with a total population of well over 150,000.

The “Parkschloss” restaurant, featuring a large beer garden, is renowned well beyond the borders of Nordhausen and has been in existence since the late 19th century.

Even during the GDR era, the “PARKSCHLOSS” was a flagship property for gastronomy and celebrations known far and wide.

In 2018, after an extensive renovation lasting until 2017, a top-class, regionally renowned Asian restaurant with a Mongolian grill and open kitchen opened its doors.

The restaurant is operated by a Chinese entrepreneurial family who run this unique establishment very successfully. It is extremely popular with guests and, secured by a long-term lease with options, they intend to continue operating it for many years to come. With further significant investments in modern furnishings and decoration, the operators have endowed the property with its special and unique character. The lease has been renewed for another 10 years by the operator/tenant.

This makes the property extremely attractive for visionary investors with a yield of 6%, offering a high-caliber investment asset featuring a large plot of land in an unparalleled prime location, benefiting from steadily rising property prices.

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 with various open-plan rooms (several halls, a modern open kitchen with a Mongolian grill, numerous modern buffet systems, a children's room, separate restroom facilities & accessible toilet (access ramp to the restaurant entrance), and a large beer garden terrace with approximately 100 seats)

2)

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

• Enclosed rear courtyard area for deliveries with a loading ramp, numerous storage and utility rooms, 2 cold rooms within the building

• Modern fire detection system, spacious basement with numerous storage rooms, a boiler room with a new modern gas heating system (2023), and an electrical room with up-to-date electrical installations featuring current current transformer operations.

3)

Direct large access from the federal highway B4 to the spacious outdoor area with over 70 parking spaces. Two additional municipal parking spaces are immediately adjacent to the restaurant, on the same and opposite sides of the street, approximately 100 and 200 meters away, along with a newly created pedestrian crossing from the middle of the city park over 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 notary contract.

Located in a prime position on the heavily trafficked federal highway B4 (approx. 30,000 vehicles daily) towards Magdeburg and the Harz, within the inner city of Nordhausen near the city park and in the immediate vicinity of the football stadium:

• Best infrastructure: district hospital, tram stop, shopping facilities, city park,

• Nordhausen has direct motorway access via the A38 (3 exits)

Investment property with a 6% yield offered directly from the owner, without brokerage fees.