Redevelopment Property for Sale, Barrier-free Housing, Senior Housing Germany

 

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Redevelopment Project Fürstenwalde Redevelopment Property (Tax Benefits possible)
Lützowring 2, 4/Rudolf-Breitscheid-Str.
DE 15517 Fürstenwalde


 Deustch
Kind of Real Estate Multi family building in former equestrian barracks
Land Area approx. 4,301 sqm / 1.06 acre
Built around 1935
First Start of Rehab about 2002 (incl. new roofing)
Construction Type Solid brick building
Current Status Gutted shell construction
Monumental Protection Yes
Stories 3 plus attic floor plus loft space
Number of Apartments up to about 51 (see pt. usability below)
Living Space approx. 2,800 sm / 30,128 sq. ft. plus additinal spaces
Purchase Price EUR 400,000
Price per sqm Living Space about EUR 143
Commission Free of commission for the purchaser
 Visual Impressions
Redevelopment Project Germany Fürstenwalde Germany Listed Property Fürstenwalde Housing Complex Germany Barrier-free Housing Senior Housing Real Estate Investment Listed Apartment Building Germany Housing Complex Germany Redevelopment Project Germany Fürstenwalde Germany Listed Property Fürstenwalde Senior Housing Real Estate Investment Barrier-free Housing Redevelopment Project Germany Fürstenwalde Germany Listed Property Fürstenwalde Listed Apartment Building Germany Barrier-free Housing Senior Housing Real Estate Investment Housing Complex Germany Redevelopment Project Germany Fürstenwalde Germany Listed Property Fürstenwalde Listed Apartment Building Germany Barrier-free Housing Housing Complex Germany Germany Listed Property Fürstenwalde Senior Housing Real Estate Investment Housing Complex Germany Housing Complex Germany Listed Apartment Building Germany Redevelopment Project Germany Fürstenwalde Senior Housing Real Estate Investment Housing Complex Germany Barrier-free Housing
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 Property Location
 Property Details
Lage The property is situated in Brandenburg state, Oder-Spree county, at the western town's exit of Fürstenwalde at a forest edge location about 2 km from the local center. As the largest city in area, populated of about 32,500, Fürstenwalde including subdivision Trebus is an important administrative and economic center of the region. Spree river runs through town. Besides several industries like a tyre manufacturer and energy industries, there are also a lot of historic buildings like cathedral and town hall from the 15th century, hunting chateau from about 1700 as well as churches, monuments, former barracks and others. Of course Fürstenwalde also has a variation of educational facilities, medical centers and shopping opportunities.

There are a few bus routes in town. Besides a regional train connection to Berlin (travel time about 30 minutes) there is also access to the Berlin city train network (S3) in Erkner, which is about 27 km from Fürstenwalde. The A 12 state highway Berlin-Frankfurt/Oder passes at the south of the city. There are 2 ramps available.

The distance to central Berlin is about 60 km, airport Berlin-Schönefeld (SXF) about 40 km and city Frankfurt/Oder about 35 km. Over the last few years a state-of-the-art golf course, a tennis park and a riding arena have been set up around 7 km south in the area of Bad Saarow.
Specification Accessibility of the property (on foot, by car plus supply connections) as well as building distance spaces are secured in the land registry.

The solid building with red brick facade and basement is part of a former barracks complex from about 1935. Similar to comparable buildings in the city (such as the Ulanen Barracks) extensive redevelopment activities started in the mid-/end-1990's to convert the former military complexes into modern apartment buildings. Next to this block are a few completed and fully tenanted apartment houses of same style what helps to picture the possible future layout.

With the first start of refurbishment in 2002 the building was completely gutted, brickwork inside was exposed. There are neither windows nor doors or balconies installed, but the lower levels recently have been secured. The attic floor has some kind of "roof space shell" made of reinforced concrete. Above is the roof timbering. The roof cladding including gutters and down-pipes has been renewed in 2002. Supply services (water, sewer, electricity, phone) are available at the property line. It'll be possible to connect the house to the district heating network.
Usability According to the legally binding land-use plan the neighborhood is a residential area type 2 with a floor space index (GFZ) of 0.8. It sits outside of the inner area of the city (so outside of zoning map). Development is permitted if it meets the requirements of § 34 Building Code (BauGB).

In September 2011, a building permit for age-appropriate/senior housing was granted, including loft conversion and renovation of the basement for use by a nursing service. The plan included the installation of an elevator within a building shaft and was about 51 apartments plus 2 commercial units.

The relevant planning and building permission are not part of this sales offer!
Remark The purchaser may opt for tax benefits for the renovation of listed property (Denkmal-Afa) acc. to §7h EStG, which is the German Income Tax Act. To get further details please contact your tax adviser.
Miscellaneous The offer is subject to confirmation and free of commission for the purchaser.

Details based on statements of the seller/vendor. We can't assure their accuracy and/or their completeness. Errors in detail, transmission and translation reserved.
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