| Type | Block of flats |
|---|---|
| Living area approx. | 70 m² |
| Rooms | 1 |
|---|
| Plot area | 4228 m² |
|---|---|
| Usable floor area | 1210 m² |
| Purchase price | 500.000 € |
|---|---|
| Price per m² | 7,142.86 €/m² |
| Commission | 0 |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsThe property is situated on the slope of Geierberg in a historically characterised urban quarter with mature trees and low-density development. The proximity to green spaces and the elevated location give the surroundings a pleasant residential and recreational quality.
At the same time, the city centre and cultural facilities are within short reach.
The commercial property for sale was constructed and used from 1950 as a so-called Pioneer House. After reunification, it was temporarily used as a youth club and meeting place for young people.
The property itself still houses an observatory in the side extension, which was opened in 1952 as Germany’s first pioneer observatory. For decades, the pioneer observatory served as an educational and scientific centre for the younger generation.
This historical character gives the property a unique selling point.
By the time it closed in 2011, it had welcomed approximately 120,000 visitors.
The property itself is in need of renovation. The extent to which the building is worth preserving or should be replaced by a new building depends on the intended use. This would then need to be clarified in advance with the city of Gera.
In 2018, an architectural firm had already carried out an investigation and developed a planning concept to integrate the building for use in the area of age-appropriate housing or assisted living.
This involved partially filling in the basement, lowering the ceiling and installing an intermediate floor. This would have created additional residential floor space in the building complex for assisted living.
Unfortunately, the concept was not implemented at the time for various reasons.
Given the size of the property, it may be worth considering this or a similar use.
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540.000 € Great apartment building in a good central location, fully rented07545 Gera
249.469 € Living comfort on all levels. Are you interested? Then call me on 0172-954732707545 Gera
228.999 € allkauf Haus makes it possible to keep building a house affordable! Information at 0172-954732707545 Gera
