House for sale • 797 m² without real estate, Saxony

Dear Sir or Madam,

The former Chancellor House lies below the Renaissance castle, right in the historic city center of Colditz/Saxony – a 1A location. Over the past few years, extensive work has been undertaken on the property in close coordination with the monument protection authority, focusing on securing, preserving, and renovating the beautiful original fabric of the building. Approximately 70–80% of the work has been completed.

On the associated land at Am Baderberg 1-5, the old building structures have been dismantled and a drivable area has been created for parking spaces or a building plot. There is a design plan for approximately 1,000–1,200 m² of residential construction (assisted living).

At the property located at Markt 21, the magnificent rib vaults have been renovated. The approved building permit for Markt 21 envisions a restaurant with about 85 seats (indoor area) and, outdoors, a sunny terrace with approximately 60 seats.

The 8 apartments on the 1st and 2nd floors are designated for tourist rental. With approximately 50,000 tourists visiting annually, optimal profitability is pre-programmed.

Note: The sale price includes the completion of the Markt 21 property along with its building application. The remaining production costs qualify for special tax depreciation.

The 1A location of Colditz, like the property itself, is situated in the heart of Saxony, directly adjacent to one of the most beautiful lakes and forested areas in the region, with excellent transport links to the Saxon metropolises of Leipzig, Dresden, and Chemnitz. The Saxon Mulde Valley is renowned for its castles, palaces, and tourist attractions, while the town of Colditz—famous for Colditz Castle, a former Allied camp—is known well beyond the local area.

All utilities are new: district heating, gas heating, electricity, sanitary installations, etc., with no connection fees required since these have already been paid. The interior is of a high standard – all new.

• Ground Floor: Gastronomy approx. 250 m²

• 1st Floor: approx. 150 m²

• 2nd Floor: approx. 150 m²

• 3rd Floor: approx. 185 m² (attic not developed; reserved for future expansion).

Thank you for your attention, and I look forward to your call.

Yours sincerely,

G.H. Hegele