| Type | Villa |
|---|---|
| Living area approx. | 610 m² |
| Bedrooms | 4 |
| Rooms | 20 |
|---|
| Plot area | 2357 m² |
|---|---|
| Usable floor area | 610 m² |
| Purchase price | 249.000 € |
|---|---|
| Price per m² | 408.20 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsAn impressive industrialist villa from 1885 is for sale in a unique location directly on the Elster Promenade in 06712 Zeitz, Saxony-Anhalt. The former villa of the Zeitz pram factory is situated on a generous plot with an area of 2,357 m² and offers exceptional potential for investors, project developers, or owner-occupiers.
The building has a rentable usable area of approx. 610 m², spread across the raised ground floor, lower ground floor, and two upper floors. Each floor offers approx. 140–160 m² with 5–6 rooms each, kitchen, and bathroom. On the ground floor, a veranda with direct access to the garden complements the space on offer. The gross floor area is approx. 890 m² with a gross volume of around 2,680 m³.
The property is in a partially to fully renovated condition and therefore offers attractive design possibilities. After a comprehensive renovation, monthly rental income of at least approx. €6,100 is conceivable in this sought-after location, resulting in considerable potential for value appreciation.
The plot is located in a mixed-use area within the redevelopment area “Stadtmitte Zeitz” as well as within the scope of the development plan “ZEKIWA – Altwerk”.
A particular highlight is the additional development potential: the western part of the plot can be built on in the volume of the existing building with three storeys and a floor area ratio of 0.6. This creates the possibility of constructing two additional apartment buildings of comparable size.
Alternatively, a division into condominium units or a subdivision of the open area next to the villa into 2–4 building plots is conceivable. This additionally opens up development potential as well as the possibility of partial purchase price refinancing.
There is also a historic well on the property, which underlines the special character of this property.
A rare opportunity to acquire historic architecture with a large plot and considerable development potential in a prime location.
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