Development property near the harbor in Rostock

Key facts

Purchase price & costs

About this investment property

For sale is an attractive apartment building in a sought-after location in Rostock's Kröpeliner-Tor-Vorstadt (KTV). The property comprises a total of seven residential units and represents an interesting opportunity for investors looking to invest in a solid existing property with development potential.

Six of the total seven apartments are designed as compact two-room apartments and are currently rented. These units already secure ongoing rental income and form a stable basis for the profitability of the property.

The seventh unit is located in the attic and comprises two rooms. Due to the separate kitchen, it can be used as a total of three rooms. The apartment is handed over vacant and offers the buyer a wide range of possibilities - whether for re-letting, owner-occupation, or upgrading as part of modernization measures.

The apartment building is in a slightly in need of renovation condition, which opens up additional potential for value appreciation. Overall, this is a property with solid substance and attractive prospects in one of Rostock's most popular residential areas.
The property is located in a central, urban setting in Rostock with very good everyday amenities and a high diversity of uses in the immediate vicinity. For an investment property, this is a clear locational advantage, as demand impulses from living, working, education, and leisure are noticeably concentrated here.

There are numerous shopping opportunities and services in the nearby area. A Lidl can be reached in approx. 250 m, PENNY in approx. 330 m, and a Netto Marken-Discount in approx. 370 m. The offer is complemented by drugstores such as Rossmann as well as various pharmacies. Medical care is also ensured in the immediate vicinity.

The connection to public local transport is excellent. A tram stop is practically on the doorstep, the Volkstheater stop is approx. 20 m away. In addition, the Doberaner Platz hub with bus and tram connections can be reached in approx. 350 to 450 m. In addition, Holbeinplatz S-Bahn station can be reached within a few minutes on foot or by tram and provides very good regional connections.

The surrounding area also offers a strong leisure and cultural component with numerous restaurants, bars, and cafés as well as the Volkstheater. Green spaces and playgrounds are also located within a few hundred meters.

The social infrastructure also is very well developed. In the immediate vicinity are the Werner-Lindemann primary school in Elisabethstraße as well as the Borwinschule. In addition, several day-care centers and a nursery in Waldemarstraße are available, which makes the location particularly attractive for families.
The apartments in the property are practically laid out and especially designed for classic residential use. The six rented two-room apartments have compact and easy-to-let floor plans, which are particularly in demand among singles, students, or commuters.

The top-floor apartment offers a flexible spatial concept with two rooms and a separate kitchen, totaling three usable rooms, and is ideal for individual use or re-letting.

The building has a solid exterior wall construction, while the interior walls are built in half-timbered construction. This construction method offers particular flexibility: in the event of future remodeling measures or a gut renovation, the half-timbered interior walls can be completely removed, allowing a wide variety of floor plan designs to be realized.

The last major modernization measures were carried out at the end of the 1990s. The overall slightly renovation-needing condition gives the buyer the opportunity to increase living comfort through targeted measures and to raise the value of the property in the long term.
The energy certificate will be available at the viewing.
Your personal contact:

Denny Krüger 01522. 13 71 794

The property description is based in whole or in part on information provided by the owner. We accept no responsibility for the accuracy or completeness.

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