Residential/commercial building with a restaurant for sale or lease.

Exposé - Residential and commercial building with development potential in a prime location

The property on offer is a residential and commercial building with an adjoining restaurant in a sought-after location on the foreshore dyke. The property combines sustainable profitability with development potential and impresses with its well-kept condition and attractive micro-location.
Property details:

Use:
The first floor accommodates an established restaurant with associated social rooms on a total area of approx. 303 m². The living area above on the top floor comprises approx. 239 m² of living space, extended by the installation of four new dormers.

Plot of land:
The total plot size is approx. 1,038 m². The property includes several outdoor parking spaces for guests and tenants as well as a carport with integrated storage area.

Year of construction & condition:
Built around 1994, the building has been continuously maintained and modernized since then. The entire complex is in a very well-kept and good condition.

Location & surroundings:
The property is in a preferred location on the foreshore dyke, in the direct vicinity of a riding facility, which brings additional public traffic.
Links to local public transport are guaranteed by a bus service with a connection to the Regio-Bahn.
All shopping facilities and public amenities are located in the immediate vicinity or within the municipality.

Rentability and sales prospects:

The lettability of the property can be classified as good due to the positive micro-location, the marketable property size and the sufficient availability of parking spaces.
The saleability and tradability can also be rated as average to good in view of the very good condition of the building and the sustainable income structure.
Development potential:

A preliminary building application has been submitted for the possible conversion of the property into a vacation apartment complex. (For design documents see attachment) It would also be possible to operate the restaurant on the first floor and four vacation apartments on the upper floor. It is also possible to obtain a certificate of completion.

St. Peter-Ording is a municipality in the district of Nordfriesland in the federal state of Schleswig-Holstein with around 4,000 inhabitants. It is located on the western tip of the Eiderstedt peninsula, directly on the German North Sea coast. Parts of the municipality are located in the protected area of the Schleswig-Holstein Wadden Sea National Park.
Characteristics & Tourism

The municipality is one of the best-known vacation resorts on the North Sea. Particularly striking is the extensive sandy beach, which stretches for around 12 kilometers in length and up to 2 kilometers in width - an attraction for those seeking relaxation, water sports enthusiasts and nature lovers alike.

St. Peter-Ording is divided into four districts:

Böhl

Bath

Village (South)

Ording

Infrastructure & connection

Local public transport connections are provided by a bus service and the Husum-St. Peter-Ording regional train line. For flexible mobility within the region, the use of a car is recommended or even necessary.
Education & supply

School facilities are available in the form of an elementary school, a grammar school and the renowned Nordsee-Internat.

There are numerous shopping facilities and public amenities within the municipality for everyday needs.