Description

Location: City center, with the central train station in close proximity. A 6,500 m² land plot is offered for sale, which includes an existing large modern hotel. The total usable area is 3,600 m². The operating business generates a profit of €0.9 million before taxes, which constitutes 8.57% of the total property value. The plot also includes a complex of vacant buildings intended for partial or full redevelopment into student dormitories. Additionally, there is space for constructing a new building, potentially adding 2,500 m² of new student housing. The investment volume will depend on the chosen project and the client's preferences. Equity participation with the current property owner and/or construction company and/or architectural firm is possible. Management and oversight of the construction will be carried out by a management company. The buyer (investor) and their family members have the opportunity to obtain residency in Germany.