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  • 15
  • North Rhine-Westphalia
Price £393,975
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Property Description

REAL ESTATE FOR INVESTMENT
IN THE CITY OF REMSCHEID, NORTH RHINE-WESTPHALIA, IN THE ECONOMIC CENTRE OF GERMANY

Vast inherited estate in excellent location,
ideal for investment or commercial use.

About the estate
The total area of land extends over 3.531 square metres, of which
- 1.720 square metres include buildings and a courtyard,
- 1.811 square metres bordered by forest, for recreational activities.

There are 2 unoccupied buildings:
1. a residential house
2. a previous factory building with 2 storeys.
Both buildings were used, at times with 30 occupiers, on a living space of 651,44 square me-tres. Years ago the factory building was used for horticulture purposes and previously for a carpentry.
The buildings can be renovated, but better removed to construct new premises.
The estate is fully accessible for heavy goods vehicles.

A convenient and strategic location
The estate is situated in Remscheid, an important city in the metropolitan region of Rhein-Ruhr. There are two large cities within easy reach just 30 minutes by car, Düsseldorf (capital of North Rhine-Westphalia, the state with the highest population in Germany) and Cologne. The city of Wuppertal is 15 minutes away. This is an excellent location for commercial use which also attracts global companies from traditional industries like manufacturing, engineer-ing and construction. The estate is also attractive as a residence for those, who wish to live close to nature with access to walking trails in the nearby forest area.

A unique offer
For health reasons and advanced age (76 years) the private owner decided to sell her estate, which she inherited about 40 years ago. The whole estate is offered for a market leading price of 495.000.- € as a really good opportunity for an investor, who is able to see the value of this property.
(For nearby plots of land, but not in such a good location, were paid 300.- € per square metre last year. Without consideration of a price increase this year, this would give a total amount of about 534.000.- € [= 1.720 square metres x 300.- € plus 1.811 square metres forest area x 10.- €] ).

Far-sighted use of the estate
The value of the whole estate is especially to see in the ground area in best location with good traffic connections. So we recommend to remove the old buildings. We have drafts of an ar-chitect to build there 6 exclusive houses with an underground car park. But of course any other planning for spacious buildings is possible. – The present economic boom in Germany, with permanent increasing prices for building land too, offers now an excellent opportunity for a still inexpensive investment.

We know, that always supply and demand determine the price. So of course we can discuss the price. If you find out, that our property is actually interesting for you, we shall surely come to a fair price for you and for us.

Contact
For any enquiries, negotiations or to make an appointment to view the property please do not hesitate to contact the owner:
E-mail: manfred.g.kraus@freenet.de
address:
Gisela and Manfred Kraus
P. O. Box 120548
D-40605 Düsseldorf
Germany

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