Development dream at Fürstenplatz

The property was built in 1900 and comprises a plot area of approx. 294.58 m² with a living area of 856.00 m² divided into 9 residential units and 1 penthouse.

The property is centrally located in Düsseldorf-Friedrichstadt, a lively area with a high population density.

The investment property is described as a development project located directly next to the well-known Fürstenplatz. The target rent after refurbishment is around €185,000 per year.

Available units:

10 residential units

9 balconies

Gas heating

Elevator (after expansion)

Two apartments in the apartment building are occupied, as their residents have a lifelong right of residence. Therefore, there is no complete vacancy.
Both tenants are over 75 years old.

Building fabric

The property is in need of renovation, but has already been gutted, which means that it is in a clean condition and can be renovated.

Building permit

Planning permission has been granted for the conversion of the top floor, which is planned as a penthouse, and the installation of an elevator, but this has yet to be implemented.

Project description and use of space

The conversion comprises the redesign of the top floor as well as a redesign of the interior spaces, which will lead to the creation of new living areas.

The living areas were calculated in accordance with the "Ordinance on the Calculation of Living Space" (WoFlV), with a CAD model forming the basis for the division of space.

COMMISSION OBLIGATION FOR BUYERS