738 sqm new building plot for living and investing

For sale is a 738 m² new building plot with an existing detached house in a popular residential area of Frankfurt am Main - Schwanheim. Due to its size and location, the plot ("Zur Frankenfurt") offers exceptional development and utilization potential.

An architecturally elaborated new building plan to KfW 40 standard is already available for the property (a lower standard is also possible). The planning complies with the valid development plan, is eligible for approval and can generally be realized via the KfW 296 subsidy program. In addition, there are attractive tax depreciation options in accordance with Section 7b of the German Income Tax Act (EStG) and opportunities for repayment subsidies under the BEG, particularly for investors.

The plan is to build three residential units with a total living space of approx. 420 m². The first floor apartment is ideal for owner-occupation due to its spacious south-facing garden of approx. 400 m², while the apartments on the upper floor are ideally designed for letting to third parties. Each residential unit has a balcony, cellar room and at least one parking space. One residential unit will have a garage. Based on the online rent index calculator of the City of Frankfurt a.M., an annual basic rent of approx. EUR 78,000 can be expected if the property is fully let to third parties. A gross rental yield of over 4% would therefore be possible.

A market value appraisal and approval in principle for the new development have already been obtained, but the final building permit has not yet been obtained, as the future owner is responsible for the final intended use. In addition, the City of Frankfurt am Main, as the provider of the heritable building right, has held out the prospect of a land charge covering the envisaged construction costs, which makes it possible to provide comprehensive financing.

The leasehold contract runs for another 85 years until 2111; after expiry, there is an obligation to pay compensation amounting to 80% of the market value. The annual ground rent is EUR 3,307.71 and increases to EUR 4,088.91 per year after new construction.
A rare opportunity for owner-occupiers and investors to combine modern architecture, a spacious garden and sustainable development opportunities in Frankfurt's prized city location.

We will be happy to send you the exposé on request.

The building plot is located in a low-traffic, mature residential street in the popular Frankfurt district of Schwanheim, in the street Zur Frankenfurt. The surrounding area is characterized by well-kept detached houses and apartment buildings, lots of greenery and a pleasant, informal living environment that is particularly popular with families and owner-occupiers.

With a plot size of approx. 738 m², the property offers an exceptional amount of space. The very spacious garden creates a private green oasis and offers ideal conditions for relaxing, playing and lingering - a rare feature in this location.

All daily amenities such as shops, doctors, schools and nurseries are within walking distance or just a few minutes away, ensuring a comfortable, family-friendly everyday life.

The transport connections are excellent:
The A5 highway can be reached quickly and provides optimal connections in all directions. Frankfurt Airport is only around 10 minutes away by car. There are also very good public transport connections: The "Frankfurt (Main) Ruhestein" stop is in the immediate vicinity and offers a direct connection to the airport Terminal 2 in around 20 minutes. Frankfurt Central Station can be reached by public transport in around 25 minutes. The Frankfurt-Griesheim S-Bahn station can be reached by bike via the Griesheim lock in around 5 minutes.