Apartment building with concept for living / care

For sale is a solid 4-winged building, built in 1960 as a residential home. The property has been vacated and cleared and is therefore available for further development, refurbishment and new occupation.
The building stands on a plot of almost 5000 square meters with a park-like setting in the rear courtyard. The neighborhood is primarily made up of renovated apartment buildings and a special school. It is a good urban residential area.
The existing building has 3 full storeys and a previously undeveloped attic as well as a partial basement. The current usable area is approx. 5393 sqm. There is currently a draft plan for residential use with a passenger elevator and balconies. In this planning, the 4th and 5th floors are considered as staggered floors. The target living space is then approx. 3224 sqm. The number of rooms in the apartments can vary from 1 to 5 rooms. The architect has currently planned 35 apartments.
The use and the present design have been agreed in advance with the city planning department. The building can also accommodate service providers or offices. Up to a maximum of 50 %. In principle, the location, the building structure and the good building fabric are suitable for medium and high-quality living. There are hardly any houses with accessibility / elevator in this local city location. However, according to the city, there is a need for this. The property could also be used as a care home.
Please understand the purchase price as a basis for negotiation. If you are interested, we look forward to receiving your offer.

The apartment building is located in the southern part of the town of Sangerhausen, in a mature residential area with mainly renovated houses. Sangerhausen is a district town with 30,000 inhabitants. The infrastructure is well developed. Daycare centers, schools, doctors, pharmacies, shops, etc. are located in the surrounding area. Bus connections are available. The train station is approx. 3 km away.