| Available from | 01.10.2026 |
|---|
| Plot area | 3506 m² |
|---|---|
| Permitted commercial use | Trade |
| Purchase price | 1.300.000 € |
|---|---|
| Commission | no commission for buyers |
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More financing calculators and assumptionsLow appraised value for auction: €1.84 million – without taking the issued building permit into account. Acquisition possible from approx. €1.3 million – thus around 30% below the appraised value, subject to the award of the bid!
Attractive opportunity for property developers, project developers and long-term owners: a contiguous, undeveloped site with extensive new-build plans and potential for developing a residential project.
KEY FACTS
• 3,506 m² plot area
• approx. 7,615 m² planned GFA, excluding underground parking
• approx. 5,188 m² planned residential/commercial floor area in total
• of which approx. 3,814 m² residential and 1,374 m² commercial/supplementary floor area
• Plans for 49 residential units
• Tram stop directly in front of the site
• According to the court notice, the entire site is connected to local utilities
BUILDING PERMIT AND RESIDENTIAL DEVELOPMENT POTENTIAL
A building permit has been issued for 49 assisted-living units with outpatient day care, a café, hair salon and underground parking; a further extension has been applied for.
The existing planning documents provide a concrete basis for project development. Adapting the plans for conventional residential construction is also an interesting development option – subject to building-law review and approval.
LOW-COST ENTRY INTO PROJECT DEVELOPMENT
At an acquisition price of €1.3 million, the calculated land cost is only around €171/m² of planned GFA or €251/m² of planned residential/commercial floor area, in each case plus acquisition costs.
The auction is scheduled for 01.10.2026. The price indicated is provided as a guide for acquisition; the actual winning bid remains unknown.
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Tram right outside, around 3 km from the city centre: The site at Torgauer Straße 53 combines a location close to the city centre with immediate public transport access – a clear locational advantage for future residents, visitors and employees.
The surrounding area is characterised by residential buildings and commercial uses. Its location on an urban arterial road offers good accessibility and visibility, including for supplementary service businesses.
Four adjoining cadastral parcels form a single site for a unified project development.
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