Magdeburg, Saxony-Anhalt 39124

+++ Please understand that we will only answer inquiries with COMPLETE personal information (complete address, phone number and e-mail)! +++! Apartment building in need of renovation with potential in a central location of Magdeburg !Built in 1988, this apartment building presents itself as a striking residential complex in the heart of Magdeburg and offers an excellent opportunity for investors and project developers with vision. The central location ensures an attractive living environment and offers good conditions for future-oriented residential use.The building at a glance:The five-storey building comprises a total of 20 residential units spread over the floors. The property is currently completely vacant and thus offers the greatest possible flexibility for redesign, renovation or reassessment of the land use.Each unit has an individual layout and offers a lot of potential for a contemporary, needs-based redesign. All apartments have basements, which provides each unit with additional storage space.Need for renovation & development potential:The building is in need of renovation and needs extensive modernization to meet today's living standards. Both the external appearance and the technical equipment can be significantly upgraded as part of a renovation. At the same time, this offers the possibility of optimising the energy efficiency of the property and converting it to future-proof standards (e.g.? Thermal insulation, heating, windows, etc. a.).Additional investment opportunity:Optionally, another, neighboring property with a total of 45 residential units can also be purchased, also vacant. This expansion option offers enormous development potential for larger residential projects or district development on an economic scale.An interesting investment for project developers, property developers or institutional investors who want to recognize the potential of this location and actively use it. The combination of central location, generous living space and expansion option makes this offer particularly attractive.Please contact us for more information or to arrange a viewing appointment. We will be happy to accompany you in the development of this exciting project.Data on the energy certificate:Energy value: 133.35 kWh/(ma); Type of building: Multi-family house; Class: E; Year of construction: 1988;Certificate type: Energy requirement certificate; Energy source: District heatingFurther information is available on request!Have I piqued your interest?The best thing to do is to arrange your individual viewing appointment today.I look forward to your call.Felix SchrammImmoSkyPhone: 0178-5224281