| Type | Block of flats |
|---|---|
| Living area approx. | 682 m² |
| Bedrooms | 17 |
| Rooms | 26 |
|---|---|
| Bathrooms | 9 |
| Plot area | 990 m² |
|---|---|
| Usable floor area | 820 m² |
| Purchase price | 420.000 € |
|---|---|
| Price per m² | 616.27 €/m² |
| Commission | 5,95% |
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More financing calculators and assumptionsThis property offers a rare opportunity for project developers and investors!
Build a new development with 9 residential units in a prime location directly on the spa park in the heart of Bad Schandau - including high development potential.
Thanks to the building permit already granted and the available concepts, implementation can begin without a long lead time.
For sale is a 990 m² plot with an existing building in a good location in Bad Schandau, which is ideally suited for a new-build project. The existing building is not worth preserving due to an unfavorable room layout and deteriorated substance and should therefore be demolished.
A valid building permit for a new development is already in place. In addition, fire protection concepts as well as further planning documents are available and can be taken over by the purchaser and immediately integrated into the realization.
The project planning предусматриes a lettable area of approx. 680 m². The plan is to construct fully furnished 2- to 3-room apartments, specifically designed for holiday rentals. This orientation is aimed specifically at tourists seeking the Saxon Switzerland region as a holiday destination – and at the same time offers an economically attractive usage concept. This would initially generate approx. €300,000 (gross) p.a. with potential for an increase of approx. 5% per year. The total volume (purchase, ancillary costs, development, inventory) amounts to approx. €3 million.
With over 600,000 overnight stays p.a. in a town of not even 3,500 inhabitants, Bad Schandau has been the hotspot in Saxon Switzerland for over 100 years and is increasingly being noticed and frequented by an international clientele as well. Overnight prices have almost doubled over the past 5 years and demand, especially for modern accommodation with adequate amenities, is strong.
Take advantage of this opportunity!
Further information and documents will be gladly provided upon request!
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