Multi-family building with exceptional development potential – located directly opposite the Leipzig Zoo.

This investment property is a listed residential and commercial building dating back to approximately 1873, which retains the charm of the Gründerzeit era. The property comprises a total of 23 units, including 7 residential units and 16 commercial units, offering a balanced mix of uses and diversification of rental income. The building is in good overall condition and has been consistently maintained over the years, with no major outstanding maintenance issues. With a current occupancy rate of 83%, the property demonstrates solid economic performance and also offers potential for further optimization of returns through the re-letting of the remaining available space.

Significant development potential – Conversion of commercial units:
A considerable potential for value appreciation lies in the possible conversion of the 16 commercial units into residential or holiday apartments. Given its highly desirable location directly opposite the Leipzig Zoo, converting the property into holiday apartments appears economically promising, as there is consistently high demand from city visitors and zoo guests. Alternatively, converting it into standard residential units is also an option, with the advantage that the federal funding program "Commercial to Residential" (GzW) of the Federal Ministry for Housing, Urban Development, and Building can be utilized. This program provides grants of up to 30 percent of eligible expenses, up to a maximum of €100,000 per newly created residential unit, representing a direct subsidy of up to €30,000 per unit, which does not need to be repaid. For the 16 commercial units, this theoretically translates to a potential subsidy volume of up to €480,000, although the total funding per company is generally capped at €300,000 (EU de-minimis regulation). It is important to note that the funding is conditional upon a renovation that meets at least the energy efficiency standard of "Efficiency House 85 Renewable Energies"; for listed buildings, the standard is "EH Monument EE," which would be applicable in this case. The combination of historical building fabric, protected status, established usage patterns, and significant potential for repositioning makes this property a long-term investment with additional tax depreciation benefits under sections 7i and 10f of the German Income Tax Act (EStG), as well as attractive opportunities for value appreciation through the repurposing of the commercial spaces. There are no real estate agent fees for the buyer. The advertiser has been commissioned by the owner to facilitate the sale; the seller is responsible for paying the commission.

Located in the Leipzig-Halle metropolitan area, with a population of over 1.1 million, and within the Central Germany metropolitan region, Leipzig is an attractive location for business, science, education (including a university), and culture. It is the largest city in the Free State of Saxony, with approximately 620,000 residents, and is the eighth-largest and one of the fastest-growing and most dynamic cities in Germany. Positive development trends have characterized Leipzig's urban development in recent years. The city has seized its opportunities and continued to develop as a vibrant and livable major city. The population is growing, particularly in the inner-city districts. The construction boom, which has been ongoing for years, has reached a new peak. Economically, Leipzig serves as a trade fair city and is home to significant industrial companies such as Siemens, Porsche, and BMW, as well as innovative start-ups. In addition to Frankfurt am Main, Munich, and Stuttgart, Leipzig is also considered a regionally important banking and financial center. Located within this vibrant urban environment, the property is situated in the lively and diverse district of Zentrum-Nord – a well-established and highly sought-after residential and commercial area with a distinct urban quality of life. Of particular note is its immediate proximity to the Leipzig Zoo, which is located directly across from the property. As one of the most species-rich zoos in Europe, attracting well over 1.5 million visitors annually, it represents a unique feature with regional significance that makes the location exceptionally attractive for both residents and businesses, and ensures a consistently high level of activity in the surrounding area. This factor offers significant potential for revenue, particularly for restaurants, retail businesses, and tourist accommodations such as apartments. Furthermore, the location boasts a diverse mix of residential, commercial, and recreational opportunities, and is considered one of Leipzig's most desirable inner-city micro-locations. Residents and businesses benefit from a diverse range of shopping options, service providers, cafes, and restaurants, as well as numerous green spaces – particularly the adjacent Rosental park and the Leipziger Auenwald forest – which contribute to leisure and recreation. The presence of schools and kindergartens in the immediate vicinity makes the location particularly attractive for families and further enhances the high quality of life. Excellent public transportation links allow for quick access to Leipzig's city center and surrounding districts; the main train station, one of the largest terminal stations in Europe, is just a few minutes away. Overall, this is a highly sought-after residential and commercial location with a stable tenant base and a positive outlook.