3 MFHs with planning permission for expansion

The 3 houses are located in Recklinghausen South and form the corner of a closed perimeter block development. The property contains 21 residential units and 2 commercial units. All units are multi-storey. The first floors of two houses have not been developed and are in an unfinished state. A building application has been submitted to expand to 32 residential units and reduce to 0 commercial units. The finished property has a total area of 2,008 m² of living space and is developed from the first floor to the top floor. Conversion from gas central heating to district heating is possible and will cost around 20,000 euros in total. A KfW loan 261 has already been applied for and approved for the measure up to a maximum of 4,800,000 euros. The estimated costs for the refurbishment amount to 2,500,000 euros, including the complete renewal of the building envelope, as well as building services from the house connection, both for electrical and plumbing in the area of the apartment supply line and the construction of the new 11 residential units, as well as the redesign of the inner courtyard. If interested, the property can also be constructed by a general contractor.

We will be happy to provide extensive documentation and pictures to inspect the property on request. The sale is free of commission directly from the owner.