House for sale • 455 m² without real estate, Hesse

Offered for sale is a well-maintained residential and commercial property in a sought-after location in Gießen-Kleinlinden. With eight residential units, one commercial unit, and additional rented spaces, the property offers a diversified income structure as well as further development potential.

The total lettable area is approximately 456 m², comprising around 388 m² of residential space and approximately 68 m² of commercial space. The plot extends over approximately 1,070 m².

Based on the current tenancies and rents achievable in the short term, the total net rent excluding utilities amounts to approximately €7,520 per month, or approximately €90,000 per year. This corresponds to a gross rental yield of approximately 6.5%.

The apartments range in size from approximately 20 m² to approximately 107 m². The focus is on smaller and medium-sized units that appeal to a broad target group—from students and singles to young professionals and commuters. In the university city of Gießen, this mix of apartment sizes provides a solid basis for long-term lettability.

The approximately 68 m² commercial unit is located on the ground floor of the front building and is currently used as a pizzeria. Its highly visible location on Frankfurter Straße offers attractive conditions for commercial use.

The building complex consists of a front building dating from 1900, a middle building constructed in 1978, and a rear building dating from 1966. Overall, the property is in a well-maintained and solid condition. Most of the apartments have already been renovated in recent years.

Parts of the building services have also been upgraded: the gas heating system in the front building was replaced in 2023, while the heating system in the rear building dates from 2015.

Parking spaces, a garage, and a rented hall provide additional sources of income. Behind the building complex is a spacious garden available to the tenants for communal use, further enhancing the quality of living.

The plot also offers long-term development potential. Given the relatively low height of the middle and rear buildings, adding additional storeys could be explored in particular. The permissibility under building law and the technical feasibility would need to be assessed separately.

The property combines a diversified letting structure with an attractive rental yield based on current rents and rents achievable in the short term. It therefore offers investors an interesting opportunity to expand their portfolio in the university city of Gießen.

The property is located in the southern part of Gießen, in the popular district of Kleinlinden, directly on Frankfurter Straße. The location combines convenient access to the city centre with excellent connections to regional and national transport routes.

Gießen Central Station and the motorway junctions can be reached quickly. Shops, doctors, service providers, and restaurants in the immediate vicinity ensure convenient access to everyday amenities.

A further advantage of the location is its proximity to facilities of Justus Liebig University Gießen. The smaller and medium-sized apartments therefore appeal to a broad target group, including students, singles, commuters, and young professionals.

The combination of good infrastructure, short distances, and proximity to the university provides favourable conditions for long-term lettability. The location on Frankfurter Straße also ensures good visibility and accessibility for the existing commercial unit.

**Highlights**

- Approx. €90,000 in annual net rent excluding utilities—equivalent to a gross rental yield of approx. 6.5%

- Eight residential units, primarily comprising highly lettable small and medium-sized apartments

- Commercial unit with good visibility on Frankfurter Straße

- Heating systems dating from 2015 and 2023

- Most apartments renovated in recent years

- Spacious garden for communal use

- University city of Gießen with a broad target tenant group: students, singles, young professionals, and commuters

- Long-term development potential through the possible addition of further storeys, subject to planning permission and a technical feasibility assessment

No commission is payable by the buyer.