Vacant industrial and production area

The property is located in Gelsenkirchen in the heart of the Ruhr area with excellent access to the road infrastructure. The departing tenant will completely vacate the property by the end of 2023 and sell the property standing empty. The acquisition object includes two plants, which served for the production of steel cables. The property is in „as is“ condition at the time of transfer. Plant 1 in the northern part of the site was built in 1896. Plant 2 has been expanded in the past by additions of various uses and can be used in the future by an owner- occupant or a tenant. The prime rent in the Ruhr region has risen by 30% year-on-year. It now amounts to approx. 7.50 €/sqm This increase is mainly due to a shortage of land availability.