| Type | Villa |
|---|---|
| Living area approx. | 1232 m² |
| Bedrooms | 7 |
| Rooms | 18 |
|---|---|
| Bathrooms | 7 |
| Plot area | 2900 m² |
|---|
| Purchase price | 795.000 € |
|---|---|
| Price per m² | 645.29 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsExceptional Gründerzeit-era villa built for a manufacturer in a central location in Greiz, with approx. 1,232 m² of floor space on a plot of approx. 2,900 m².
This prestigious estate was built at the end of the 19th century for manufacturer Franz Hermann Dietel, founder of the Greiz wool weaving mill. The villa combines impressive historic architecture with spacious interiors and existing commercial and residential uses. MPH 1035293-1
Current rental and lease income totals approx. €60,000 per year. Of this, approx. €48,000 p.a. is attributable to a commercial lease and approx. €12,000 p.a. to additional rental income. At the asking price of €795,000, this corresponds to a calculated gross yield of approx. 7.55%.
The estate underwent extensive renovation in 2024. Some areas still require further manageable investment or optimization.
The interior features numerous exceptional historic details: spacious reception rooms, a fireplace room, ballroom and music room, an art studio, conservatories, elaborate wood paneling, parquet flooring, stucco and decorative ceilings, and historic leaded-glass windows. The previous exposé documents a total of 25 rooms, 14 bedrooms and 6 bathrooms. MPH 1035293-1
In addition to its existing use, the estate’s size and layout offer a wide range of long-term possibilities, for example for accommodation, residential and commercial use, offices or medical practices, seminar and educational concepts, or other operator concepts.
The buyer must verify the specific permissibility of any future changes of use with the relevant authorities.
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