October 1st, 1926!!! Building plot for residential development: 7,615 m² of gross floor area, with building permit already approved.

Low market value for the auction: €1.84 million – excluding the building permit already granted. Acquisition possible from approximately €1.3 million – thus, still around 30% below the market value, subject to successful bid! Attractive opportunity for developers, project developers, and existing property owners: a contiguous, undeveloped plot of land with extensive redevelopment plans and the potential to develop a residential project. KEY FACTS:
• 3,506 m² of land area
• Approximately 7,615 m² of planned gross floor area (excluding underground parking)
• Approximately 5,188 m² of planned residential/commercial space in total
• Of which, approximately 3,814 m² of residential space and 1,374 m² of commercial/ancillary space
• Plans for 49 residential units
• Tram stop directly in front of the property
• The entire area, according to the court announcement, is fully developed according to local regulations.

BUILDING PERMIT AND RESIDENTIAL DEVELOPMENT POTENTIAL
A building permit has been granted for 49 units of assisted living with outpatient day care, a café, a hair salon, and underground parking; a request for a renewal of the permit has been submitted. The existing planning documents provide a concrete basis for project development. An adaptation for traditional residential construction is also an interesting development option – subject to building regulations review and approval.

AFFORDABLE ENTRY INTO PROJECT DEVELOPMENT
With a purchase price of €1.3 million, the calculated land cost is only approximately €171 per square meter of planned gross floor area, or €251 per square meter of planned living/usable space, in each case plus ancillary purchase costs. The auction is scheduled for October 1, 2026. The price quoted is for guidance purposes only; the actual winning bid price remains open. Contact us promptly to request planning and approval documents. Please provide your phone number for a quick response.

Located right next to a tram stop and just 3 kilometers from the city center, the property at Torgauer Straße 53 offers a city-center location with immediate access to public transportation – a clear advantage for future residents, visitors, and employees.

The surrounding area is characterized by residential buildings and commercial properties. Its location on a major urban thoroughfare provides excellent accessibility and visibility, also benefiting any additional service offerings.

Four adjacent plots of land form a cohesive area suitable for a unified development project.