Grand, late 19th-century industrialist's villa – approximately 1,232 m² – renovated in 2024 – €60,000 annual income.

Exceptional Gründerzeit (late 19th-century) villa, originally built for a factory owner, located in a central area of Greiz, with approximately 1,232 square meters of living space on a property of approximately 2,900 square meters. This impressive property was built at the end of the 19th century for Franz Hermann Dietel, the factory owner and founder of the Greiz Wool Weaving Mill. The villa combines striking historical architecture with spacious areas and currently offers both commercial and residential use. MPH 1035293-1

The current rental and lease income totals approximately €60,000 per year. Of this, approximately €48,000 per year comes from commercial leases, and approximately €12,000 per year from other rental income. At an asking price of €795,000, this corresponds to a calculated gross return of approximately 7.55%. The property was extensively renovated in 2024. Certain areas still require further, manageable investment or optimization. Inside, you will find numerous exceptional historical features: spacious reception rooms, a fireplace room, a ballroom and music room, an art studio, conservatories, elaborate wood paneling, parquet flooring, stucco ceilings, decorative ceilings, and historical stained-glass windows. The current prospectus details a total of 25 rooms, including 14 bedrooms and 6 bathrooms. MPH 1035293-1.

Due to its size and layout, the property offers a wide range of potential long-term uses in addition to its current use, such as accommodation, residential living, commercial use, office or medical practice, seminar and educational programs, or other operating concepts. The specific feasibility of future changes in use must be verified by the buyer with the relevant authorities.

The villa is located in a central yet spacious area in Greiz, just about 500 meters from the city center or old town.
Shops and services are conveniently accessible on foot. Lidl and Edeka supermarkets are located nearby, providing excellent local amenities.
Doctors, restaurants, and other essential facilities are also within a short distance. According to the available property information, the hospital is approximately 850 meters away. MPH 1035293-1
Greiz train station offers regional connections, including routes to Gera and Zwickau. Good regional transport links are available via the federal highways B92 and B94. MPH 1035293-1
It is particularly noteworthy that this property combines a central location, a large plot of land, and a park-like atmosphere, which is rare to find in a property of this size.