Commercial property for sale • 145 m² without real estateKlosterbergestraße 30 Magdeburg-Buckau Buckau Sachsen-Anhalt 39104

Offered is a commercial unit of approximately 144.09 m² on the ground floor of the corner building at Klosterbergestraße 30 / Coquistraße 4 in Magdeburg-Buckau. The four-story rendered building from 1900 was constructed in the Neo-Renaissance style: roughcast on the ground floor and mezzanine, with window projections on the upper floors and a mansard roof over the polygonally shaped corner. The building is protected as an individual monument and shapes the streetscape of this fully preserved Gründerzeit quarter.

The unit is located on the striking building corner and is accessible via two separate street entrances – a situation hardly encountered today. Behind the continuous shop window frontage, the space is divided into a spacious sales area, a separate bar area with a counter, kitchen, storage room, and two separate restroom facilities for ladies and gentlemen. Two uses under one roof, each with its own entrance – they can be operated together or independently.

The premises have been occupied since 2009 by the same tenant as a beverage and food retailer with a snack bar, serving as the local supplier for the neighborhood. The lease runs fixed until the end of 2028, with a tenant’s contractually secured extension option for an additional three years. The tenant is responsible for maintenance and cosmetic repairs within the rental area; the owner remains responsible for the roof and facade.

For investors, this means: €10,680 net cold rent per year, an established tenant with over 15 years of location loyalty, and low administrative effort. The current rent of €6.18 per m² is at the lower end of the market.

Buckau is the industrial cradle of Magdeburg. From the village first mentioned in 937, it developed from the 1830s into one of Germany’s most important mechanical engineering centers: in 1859, Buckau received town privileges; in 1887, it was incorporated into Magdeburg. The block-edge development of Klosterbergestraße emerged in the 1880s and 1890s – built specifically for the workers and foremen of these factories. This building was completed in 1900.

These premises have their own history: In 1933, Magdeburg SPD politician Ernst Wille opened a tavern here, which during the years of Nazi dictatorship became a meeting place for Social Democrats. Ernst Wille died in 1944 in the Neuengamme concentration camp; since 2010, a Stolperstein in front of the building commemorates him.

Only a few minutes’ walk away lies the Klosterberge Garden, laid out in 1825 by Peter Joseph Lenné and regarded as the first German public park, together with the neoclassical society building from 1828/29 – now home to the Telemann Center.

Over the last three decades, Magdeburg-Buckau has transformed from an industrial area into the liveliest trendy district in the state capital. The population has grown by over 50% since the 1990s. Today, the area is characterized by galleries, studios, cafes, the art and culture center housed in the old fire station, and the pub scene around Thiemplatz – all while the Gründerzeit architecture remains completely preserved.

The unit is situated in a densely built, mature residential area – ensuring a stable catchment area for a retail business at this corner.

+++ Purchase price: €199,900 | €1,387/m²

+++ Net cold rent: €890.00/month | €10,680.00/year | €6.18/m²

+++ Factor 18.7 | 0.0534% yield

+++ Corner shop with two separate street entrances and an all-around shop window frontage

+++ Kitchen, storage, and two separate restroom facilities (ladies/men) already in place

+++ Listed Gründerzeit building from 1900

+++ Neo-Renaissance facade, roughcast finish, mansard roof

+++ Long-term leased: Tenant since 2009, fixed lease until 31.12.2028, with tenant’s extension option for 3 years

+++ Tenant responsible for maintenance inside the leased space, cosmetic repairs, and liability security

+++ Roof re-covered in 2019, plastic windows, full basement, solid construction

+++ Tax advantages available for renovation work on the listed building according to §§ 7i / 10f EStG

Have we piqued your interest? Then we look forward to hearing from you!

Imprint:

Vasto GmbH

Lilienthalstraße 2

12529 Schönefeld