Investment opportunity in Grimma Historic residential and commercial building with potential for value appreciation

Right in the picturesque center of Grimma, a rare opportunity has opened up for investors: a historic property that houses both residential and commercial premises and has a deep connection to the town's history. This impressive building was once home to the town's first pharmacy, which was founded in the 16th century and became known as Apotheke Zum schwarzen Adler.

The property, which covers a total area of around 930 m2, offers a combination of two residential units and five commercial units. Of particular note is the former pharmacy, which has been at this location since 1741 and stands out with its architectural features from the reform style around 1910.

The property's strategic location in a quiet prime area of Grimma, combined with its historical significance, makes it an attractive investment property. Current rental income and forecasts show a high potential for growth, which can be realized by letting all of the space. The property not only offers a solid return, but also the opportunity to acquire a piece of Grimma's history.

Additional highlights of this property include the beautifully landscaped garden with numerous parking spaces and a ginkgo tree that is over 100 years old and is considered a local landmark. Despite its historical character, the building was continuously modernized between 1987 and 2000 and extensively renovated in 2013 and 2014 following flood damage to the first floors.

This property is for sale as the current owners and heirs no longer require the premises and have closed the pharmacy for family reasons.

The property presents itself in a well-kept condition and promises both future tenants and investors a place with special charm and history.

Our real estate consultants will answer your questions:

Ms. Monika Kistner
Sales Manager
Nach Hause Immobilien GmbH & Co. KG
Froschkönigweg 1
04277 Leipzig (Marienbrunn)
Phone +49 341 8605966
Mobile +49 178 1310108

Mr. Andre` Creutz
Investor support
Nach Hause Immobilien GmbH & Co. KG
Froschkönigweg 1
04277 Leipzig (Marienbrunn)
Phone +49 341 8605966
Mobile +49 179 1016854

The residential and commercial building is located in the center of the town of Grimma, less than 200 m from the market square within a closed development of residential and commercial buildings.

The large district town of Grimma is considered one of the most sought-after municipalities in the district of Leipzig. As a supra-regional education location, Grimma offers many opportunities for qualified training and further education with its numerous schools. More and more people appreciate Grimma as a child-friendly and future-oriented town, as the current immigration statistics prove.

Where better to live than in Grimma, surrounded by cultural monuments and protected landscapes, with a diverse range of jobs that are open to further development, an excellent infrastructure and cosmopolitan citizens. Families particularly appreciate the close-knit network of childcare facilities, playgrounds, schools, leisure activities, clubs and social and health facilities. Grimma's old town and the River Mulde are just a few minutes' walk away. The train connection and the junction to the Autobahn 14 provide excellent connections to Leipzig and Dresden. Not to mention the charm of the old garrison town. The perfect address for investors.

The "Pearl of the Mulde Valley" is a name that Grimma owes to its historic old town. Long-established Saxons know that a little paradise lies less than twenty kilometers south-east of Leipzig. After numerous incorporations in the 20th and 21st centuries, it is now the fourth largest city in Saxony in terms of area. The cityscape is characterized by numerous architectural monuments from different eras which give the charming city a special historical character. The area, where the Mulde is still surrounded by lovely hills and has created a beautiful floodplain, has always attracted people to settle here. Over the centuries, a cultural landscape has developed here, much of which is now protected.

To protect the town, existing building walls were upgraded after 2013 and a free-standing flood protection wall with lockable gates and an underground sealing wall in the form of a bored pile wall were built. The flood protection wall, which will protect Grimma from flooding, has been operational since 2018.