| Living area approx. | 277 m² |
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| Rooms | 12 |
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| Plot area | 606 m² |
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| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale is an investment and development property in a central location in Solingen-Ohligs. The offering comprises two adjoining parcels with a total plot area of approx. 606 m², an apartment building with four residential units, and an additional former commercial building with further usable space.
The property combines an existing residential portfolio with ongoing and increasing future rental income, as well as additional development and densification potential.
The existing apartment building has a total living area of approx. 277 m² and comprises four 3-room residential units on the ground floor, 1st floor, 2nd floor, and converted attic floor. Each apartment occupies an entire floor and has functional, easily lettable layouts. The building has a full basement and offers additional usable and storage space.
Ground floor:
The ground-floor apartment has approx. 68 m² of living space and offers a classic 3-room layout with a kitchen-diner, bedroom, children's room, and shower room.
The residential unit is currently vacant and is undergoing renovation and modernization. The ongoing work is upgrading its fittings and quality of living to contemporary standards. Once the work is completed, a monthly net cold rent of approx. €816 will be charged, based on a calculated target rent of €12.00/m².
1st floor:
The approx. 71 m² 3-room apartment with kitchen and bathroom has already been renovated and is in very good, well-maintained condition. The apartment features, among other things, modern tiles and contemporary fittings.
The existing tenancy ends on October 31, 2026. The apartment will be re-let as of November 1, 2026. The renovation already completed and subsequent re-letting will allow the income potential of this residential unit to be fully realized anew.
2nd floor:
The approx. 75 m² apartment stands out for its spacious rooms, particularly the living area and bathroom. The unit has been rented for many years and is currently the only apartment in the building that has not yet been renovated.
Due to the long-standing tenancy, the rent has not yet been adjusted in line with current market trends and is therefore below current market levels. This gives rise to potential for future rent increases, within the scope permitted by law.In addition, there is potential for future modernization and further enhancement of the residential unit.
Attic:
The approximately 66 m² attic apartment was extensively renovated and modernized in 2026 and presents in a high-quality, contemporary condition.
A special feature of the apartment is its expansive view beyond Solingen toward the surrounding cities.
The apartment will be rented from March 2027 at a monthly net rent of €1,200. The modernization already completed and the subsequent rental will therefore contribute to a further increase in the property's ongoing rental income.
Rental and Modernization
The property is currently in an interesting transitional phase involving existing tenancies, new rentals, and ongoing and already completed modernization measures.
The ground-floor apartment is currently vacant and is being renovated and modernized. The apartment on the 1st floor has already been renovated. The current tenancy ends on October 31, 2026; a new tenancy will begin on November 1, 2026.
A long-standing tenancy continues on the 2nd floor. This apartment has not yet been renovated and therefore offers additional potential for modernization and enhancement in the future.
The attic apartment was extensively renovated and modernized in 2026 and will be rented from March 2027 at a monthly net rent of €1,200.
The residential building has also been continuously maintained and modernized in recent years. Key measures include, among other things, the renewal of the building services in 2018, the roof, which has since been replaced, and partial modernization of bathrooms, heating, water and wastewater pipes, and electrical installations.
The measures already completed and currently underway are gradually enhancing the residential units. At the same time, there is further potential for increased value and income, particularly in the apartment on the 2nd floor that has not yet been renovated and through future rent adjustments.
Additional Outbuilding
The property also includes a former commercial building with a usable area of approximately 223 m². The existing spaces are currently used, among other things, as office and hobby areas, thereby expanding the property's potential uses and income.
The approximately 30 m² hobby room is currently rented. For this spaceA monthly target rent of €300 is projected.
The former commercial building also offers additional opportunities as part of a future reorganisation or development of the property.
Development and Densification Potential
In addition to the existing property portfolio, the property offers interesting potential for future project development or densification.
As part of future replanning, partial or complete demolition of the former commercial building could also be considered. This could create additional opportunities to reorganise and develop the property.
The property currently has seven outdoor parking spaces. Further parking spaces could be created as part of future project development. Depending on the respective planning concept, the integration of an underground car park may also be conceivable.
The nature and scope of any potential future construction, as well as the feasibility of the development approaches outlined, must be reviewed as part of further planning and subject to the necessary planning, technical and regulatory consultations.
Investment Profile
The combination of an existing apartment building, ongoing and future rental income growth, modernisation measures already completed and currently underway, additional usable space, and further development and densification potential offers a range of value-creation opportunities.
The property is therefore particularly suited to investors, property developers and project developers seeking an existing property with additional development opportunities in a central location in Solingen-Ohligs.
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980.000 € Well-maintained residential complex with 8 residential units in Solingen-Ohligs – commission-free42697 Solingen– Solingen
980.000 € Well-maintained residential complex with 8 residential units in Solingen-Ohligs – commission-free42697 Solingen
549.000 € Prime location, long-term well-rented residential and commercial building!42651 Solingen
