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Development opportunity for up to 100 residential units plus hotel

Lörrach, GermanyUnlock address

72%

Offers invited

Development

#35280

Value-Add, Opportunistic

26 Nov 2024

Property Details

Authorized representative

For sale

6,700 m²

Leasable area

100

Freehold

X

Fees

0.00 %

2.00 %

0.75 %

0.75 %

0.50 %

Investment Overview

Redevelopment Opportunity in the greater Lörrach region – Versatile Real Estate Investment Discover a unique investment opportunity in the greater Lörrach region, perfectly located just 45 minutes from Basel and a 34-minute ride to Lörrach’s center. The land includes multiple buildings with immense potential for a value-add strategy. The current land lay out is as following: Building 1: Features a hotel with 9 rooms, a restaurant, a manager’s apartment, and 15 additional apartments. Building 2: Offers 30 apartments, 9 maisonette units, and 9 garage boxes. Building 3: Consists of 35 apartments. Building 4: Includes 21 apartments and 5 garage boxes. Parking: A dedicated parking garage with 70 spaces. Investment Potential: This property is primed for a deep renovation, allowing significant flexibility in redevelopment. Options range from classic apartments to elder homes or even a boutique hotel, maximizing adaptability for various target markets. There is also an opportunity to demolish the buildings and split them into lots for normal home construction. Financial Incentives: Subsidy: there are subsidies available for renovation of the apartments This property represents an exceptional chance to leverage a value-add strategy in a growing area, with structural flexibility and supportive local incentives.