House for sale • 931 m² without real estate, Rhineland-Palatinate

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-- E i g e n m ä c h t i g e -- G e l ä n d e b e s i c h t i g u n g e -- disturb our business operations! Please make an appointment. You will be given a non-binding tour –

This 85% participation offer relates to the core area¹ / approximately 5,000 m², which includes the main building, holiday cottages, block-house gastronomy, and building plots (see image of core area No.1 / development plan). The current owner is also sharing in the risk. Final shares, the legal framework, and subsequent buy-out are subject to negotiation.

.. current gross return on capital in double digits

.. Purchase price amortization factor of 15 years.

.. Living area of 593 m² + commercial building area of 338 m² + additional usable building area of 225 m² / a total of 1,156 m² on the core area. According to the Westerwaldkreis rental price index, the net cold rent is €8.58/m².

Other buildings, such as an intensive care unit, tiny houses, and for example a wellness building, are possible on the core construction area.

... The energy certificate shows good current values.

... The district heating supply from the regenerative biomass plant protects against further surprises under the current GEG regulations, with a regenerative share of over 90%.

.. New construction value according to current building area prices and prices per m³ of developed space is over €2 million excluding the land.

.. There is no backlog in repairs or investment. Details can be discussed in a personal meeting with inspection of the tax tables on-site.

W E D I S C U S S further the surrounding area of 45,000 m², either in its entirety or in parts depending on the overall investment wish. There is an option to grant notarial pre-emption rights or, during development, to extend the established participation model. We offer support for modifications in the accelerated planning for changes to the approved building area, if desired.

Today the site features the energy center for regenerative fuels, a park pond, horse paddocks and a stable hall, as well as existing old tree stands, new holiday home building areas, and commercial areas. The takeover of inventory and machinery is also negotiable.

History: A former hotel, evolved from a small agricultural operation that was converted into small apartments and room offers as well as block-house gastronomy, holiday cottages, its own boiler house, and on the property, various stable and storage buildings. In addition, 3 parking spaces for a total of 32 cars / 60 tons fixed.

It is a F u l l e x i s t e n c e, for example, for a couple that, with the current concept, can organize rentals in the area of apartments, lodgers’ rooms and holiday cottages up to further development without needing much additional staff.

Revenue potential can also be increased without further investment, as we have currently “scaled back” the extra effort in retirement. A “joker” is the block-house restaurant offering breakfast buffets for construction workers and a cafe/bistro for cyclists and hikers on the panoramic trail as well as for social gatherings and themed events.

Please visit www_Eichenpark_Eu with today’s concept, which can be continued during the transition period with advisory support.

- 10 x holiday cottages/tiny homes can be built immediately according to the final zoning plan.

- 1 x initial expansion change planning is available in the first phase (originally a sports hall was intended – see design plan in the images).

- 1 x fully serviced commercial area of around 10,000 m² could be rezoned from a former animal park area and, for example, in combination with the nearby DHL main station, be attractive for internet retail. Fiber optic connection is possible.

- 1 x synergy investment in a larger agro-solar installation on a portion of the land also appears interesting within the participation model.

- x x The objective is to jointly develop a sustainable, viable concept and a business plan that can withstand robust ongoing controlling.

The location is partly integrated into the tourism area of Wiesensee with a large golf course and specifically adjacent to the surrounding forests and the sports facilities of the municipality of Pottum/Wiesensee, as well as directly at the outskirts of Eichenpark.

Within the Westerburg collective municipality, with around 22,000 inhabitants, all school types and further education opportunities are available, as in the other nearby towns of Hachenburg, Bad Marienberg, and Rennerod.

Very good transport connections with the centrally located B255 as a link between the A3 and A45 (around 100 km to Cologne and Frankfurt/M). Two ICE railway stations are 22 km away (Limburg, Montabaur).

Highlights:

15 x roofs of main and ancillary buildings, holiday cottages, garages, storage buildings, stables,

16 x fitted kitchens,

12 x bathrooms, 17 x WCs,

22 x fully furnished units,

1 x fire protection regulations for the change of use from 2,000 (units?) to residential/commercial have been met,

1 x new electrical installation in accordance with the power supplier’s requirements,

2 x floors with structured network cabling and a central server room,

1 x fully equipped gastronomic block house (machinery, tableware, outdoor furnishings, umbrellas, and concession-capable),

20,000 m² of valuable old tree stands,

1 x fishing and swimming pond,

2 x developed springs in the area,

2 x animal park areas with animal and hay halls, stables,

3 x parking areas for 32 vehicles,

1 x korfball court, 1 x volleyball court,

1 x biomass heating system with district heating network. The buildings are supplied with regenerative energy, so the new GEG does not pose a problem,

1 x independent oil heating system is available as peak load reserve and backup.

INFORMATION FOR REAL ESTATE AGENTS:

Exception: One may want to satisfy a specific real estate agent client search (contractual commitment for one client, commission, timing).

Otherwise, we do not enter into any commission agreements.

INFORMATION FOR INVESTORS:

Various options or design alternatives are possible depending on the willingness to invest and target objectives. An on-site visit and a personal conversation are absolutely necessary. We suggest a convenient Sunday appointment. Only in person will we hand over building plans/ current core refurbishment status, volume and usable area calculations, as well as proofs of investments, rental income, and profitability calculations based on the last rental years according to tax advisor statements.

We are prepared to continue operating the main building/holiday cottages during a six-month transition period until a manager or caretaker couple is found in the investor sense.

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