House for sale • 2748 m² without real estate, Hesse

The residential and commercial property is centrally located in Dillenburg and comprises a front building and a rear building, currently containing a total of 20 existing residential and commercial rental units.

The property already offers an attractive income base. Following the ongoing reletting of three renovated apartments, the current annual net rent excluding utilities amounts to just under EUR 230,000. The six additional planned apartments are not yet included in this figure.

A significant portion of the refurbishment and modernization work has already been completed. To date, more than EUR 1 million has been invested in renovating the property.

As part of the modernization work already carried out, substantial areas of the property have been comprehensively upgraded. These include the fully renovated ground floor of the rear building and the modernized ground floor of the front building. In addition, a unit of approximately 150 m² on the first floor has been completely refurbished. Three further apartments have also been fully renovated and are currently being marketed for rent.

The current lettable area comprises approximately 1,569 m² of residential space and approximately 1,190 m² of commercial space. A commercial unit of approximately 140 m² will become vacant at the end of March 2027. Conversion into residential space would be conceivable, further increasing the total residential area.

Modern air-to-air heat pumps have been installed in the newly renovated residential and commercial units in the rear building. This has also brought the technical systems in the modernized areas up to contemporary standards.

The commercial section provides an additional element of stability. The existing commercial tenants have long-term leases, some of which are secured under public law. This ensures a predictable long-term income base within the commercial portfolio.

The additional development potential is particularly attractive to investors: the area previously used as a tanning salon can be converted into six additional apartments. The relevant building permit has already been granted.

The buyer is therefore not acquiring a purely theoretical development scenario, but an already approved and clearly defined value-add opportunity that can be implemented in line with their own strategy.

Once the additional apartments have been completed and the property is fully let, the projected annual net rent excluding utilities will increase to just under EUR 280,000. Furthermore, there is additional potential for rent increases within the existing portfolio, meaning that the stated projected rent does not necessarily represent the property’s maximum long-term income potential.

The approximately 2,495 m² plot also includes 16 parking spaces.

The property is particularly suitable for investors, long-term property owners and project developers seeking an already high-yielding asset with extensive refurbishment work completed and additional development potential.

The property is centrally located in Dillenburg. The railway station is only around 600 metres away and offers good connections to regional rail services.

Giessen, Siegen and the Rhine-Main region can be reached quickly via the B277 and the nearby A45 motorway.

Shops, restaurants, pharmacies, banks and other everyday amenities are located in the immediate vicinity or within walking distance.

• Residential and commercial property comprising a front and rear building

• 20 existing residential and commercial units

• Purchase price of only approximately EUR 1,000 per m² of lettable space

• Current annual net rent excluding utilities of approximately EUR 230,000

• Approved development potential for six additional apartments

• Projected annual net rent excluding utilities of approximately EUR 280,000 following completion and full occupancy

• Further potential for rent increases within the existing residential and commercial portfolio

• More than EUR 1 million already invested in refurbishment and modernization

• Modern air-to-air heat pumps in the newly renovated units

• Long-term leases with commercial tenants

• Some commercial leases secured under public law

• 16 parking spaces

• Central location, with the railway station approximately 600 metres away

• Good transport links via the B277 and A45

No buyer’s commission is payable.

We will be pleased to provide qualified prospective buyers with further documentation, such as the rent roll, floor plans and building permit.