Historic gem in the marketplace: Residential and commercial building with potential for 10 apartments.

For sale is an exceptionally attractive, listed residential and commercial building in a prime location in Castrop-Rauxel – directly on the historic market square, and therefore in one of the most visible and busiest locations in the city center. The property immediately impresses with its representative sandstone facade facing the market square, as well as its characteristic roof covered with slate. The historical architecture gives the building a special charm and makes it a real landmark in the cityscape. Combined with its central location, the existing ground-floor usage, and the already approved development concept, this represents a rare opportunity for investors, developers, or existing owners with an eye for exceptional properties. The ground floor currently houses an established retail space that has been successfully operating at this location for many years. The tenant is well-established and intends to remain at the location for the long term. Currently, the ground floor already has a solid commercial use, while the areas above have been deliberately cleared to allow for a comprehensive renovation and repositioning of the building. A planning application has already been approved for the upper floors. The existing concept involves restructuring the current four residential units and expanding them to a total of seven. In addition, the existing commercial unit on the first floor is planned to be converted into three more residential units. Once the approved plans are implemented, the building will therefore have a retail space on the ground floor, as well as a total of ten residential units on the upper floors. Another key element of the development concept is the planned installation of an elevator. According to the current plans, this can be integrated relatively easily into the existing lightwell. This will significantly increase the attractiveness of the upper floors and allow for a modern, comfortable access to the residential units. The property offers an exceptional combination of historical building fabric, a prominent city-center location, existing commercial use, and already approved potential for residential development. In a time when approved projects with clear usage prospects and central locations are becoming increasingly important, this property represents a particularly interesting opportunity. The planned redesign of the upper floors allows for the creation of modern, highly sought-after apartments in a central location. The combination of listed building status, market square location, elevator potential, and convenient access to urban amenities creates an attractive foundation for sustainable rental income after completion. This property is particularly suitable for buyers seeking a characterful existing building with clear development potential, and who wish to seize the opportunity to reposition a landmark building in a central location in Castrop-Rauxel.

The property is located in the heart of the city, directly on the market square of Castrop-Rauxel, making it one of the most central and visible locations in the city. The immediate surroundings are characterized by retail shops, restaurants, services, and public facilities, offering excellent urban infrastructure.

Due to its prominent location on the market square, the property benefits from high visibility, excellent foot traffic, and convenient access to all essential amenities. The public transportation connections and access to surrounding neighborhoods are also very good.

The combination of its historic market square location, central accessibility, and urban environment makes this location particularly attractive, both for commercial use on the ground floor and for the planned apartments on the upper floors.