Apartment building 8 units for project developers - commission-free for the buyer

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For sale is an apartment building from around 1900 in Friedensstraße 11, 19053 Schwerin, which is in great need of renovation. The building is located on a 435 m² plot and has a total of 8 residential units with a total living area of approx. 428 m² and an additional usable area of around 120 m².

The property has a full basement, the roof (bitumen welded sheets) as well as windows, electrical and sanitary installations date mainly from the 1980s/1990s. The building is in need of extensive renovation. However, the existing building fabric forms a solid basis for a fundamental renovation and increase in value.

Particularly noteworthy is the location in a formally defined redevelopment area in accordance with § 34 BauGB. Friedensstrasse itself has been almost completely renovated in recent years - almost all of the surrounding buildings have already been modernized. The building for sale is one of the last unrenovated properties in this street and thus offers a rare opportunity for project developers and investors to complete an attractive urban ensemble.

The inner courtyard also offers potential for redesign: parking spaces for cars or other structures such as storage rooms, garbage bins or outbuildings would be conceivable here, subject to building regulations.

Schwerin is the state capital of Mecklenburg-Vorpommern and is characterized by its excellent infrastructure, high quality of life and constant investment in urban development. The city is the seat of administration, a center of education and a popular place to live in the middle of the state's lake-rich landscape. Schwerin's historic cityscape, proximity to cultural institutions and easy accessibility by rail and highway make it particularly attractive for investors.

The property is located in a central inner city location in the Schelfstadt district, in the immediate vicinity of the old town. All facilities for daily needs such as shopping facilities, medical care, schools and kindergartens are within walking distance. There are also public transport connections. The surrounding area is characterized by Wilhelminian-style buildings and is being significantly upgraded by urban development measures and redevelopment projects.