Other for sale in 20 01259 Dresden - Sachsen, Germany

• Anzahl der Etagen im Haus 5

As a property description from a buyer's perspective, this property is located in the 01259 Dresden district at Försterlingstrasse 20 for a price of 3,000,000 €. This ground floor multi-family building (Für Postenzwang nicht zugelassen) is situated on a lot (Flurstück 513/1-3) with a total area of 3,763 m². The building itself spans 5,148 m² across six floors, with approximately 4,120 m² of living space that can be developed depending on the desired concept. The building was constructed in 1975 and last renovated in 1990. The property includes the following features: a steel frame with a concrete floor slab and an aluminum facade (typical "Leipzig" construction from the Baukombinat East Germany), secured basement vaults, and an aluminum facade with phenolic resin. The plot includes a parking lot and mature trees, while the ground floor is reserved for commercial use, and the upper floors can be converted for residential use. The property is in good condition, with the basement vaults being dry since the basement is built with water-resistant concrete. A complete gutting of the upper floors (including 2 floors) is underway, with specific waste removal cost estimates already available. The remaining floors need to be gutted, and an estimated 2,500 m³ of roof space can be used for residential or commercial use. The current condition and detailed planning make this property an attractive option for redevelopment. As for real estate investment, the property is estimated to be worth approximately 6,000,000 to 7,000,000 €, depending on the finished concept. Investors may find the property appealing for achieving high rent returns following renovation because the building has significant potential to generate steady income from either residential or commercial use. The property also has an added advantage of being situated in a densely populated area, making it easily accessible and attractive to potential tenants. As a lifestyle purchase, the property offers a unique opportunity for either an individual or a family looking to have their own residence with multiple luxuries. With plans to create approximately 30 families-friendly units or up to 50 social-supported housing, the property could also be potentially converted into a maintenance-free neighborhood or community living for its residents. The proximity of the property to local amenities such as schools, shopping, and entertainment areas also adds to its attraction as a lifestyle purchase.