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Heritage-listed investment with character – residential and commercial property ensemble near the Sound

€1,480,000
  • 24 Rooms
  • 13 Bathrooms
  • ~784 m² Living area
  • ~368 m² Plot surface
  • Construction year 1800

Description

In the heart of Stralsund’s historic old town, in the sought-after redevelopment area “Altstadtinsel,” this attractive, listed residential and commercial building complex is located at Schillstraße 31 and 32. Built around 1800, the complex extends over three floors and comprises a total of 13 residential units and one commercial unit. The total lettable residential and commercial space is approximately 784 m², on a plot of approximately 368 m². The property is in an exceptionally good and well-maintained state of renovation. Continuous investment, regular property maintenance, and ongoing servicing, repair, and cosmetic works have combined the building’s historic character with a modern and economically attractive condition. The extensive work carried out on the buildings is particularly noteworthy. Schillstraße 31 received new roof covering, including new insulation. At Schillstraße 32, the attic was expanded in 2018 and supplemented with two additional apartments. As part of this work, the roof structure, including insulation, was renewed, while the historic roof tiles were preserved and reused. The individual units also offer attractive features. Each of the two ground-floor apartments has a terrace, while another apartment is equipped with a balcony. The commercial unit was recently comprehensively refurbished and converted for modern, quiet commercial use; it has been let under a 15-year lease. The property is fully let and has a solid, attractive tenant structure. Some units are subject to stepped-rent agreements, providing additional potential for growth in current income. Current annual net rental income amounts to approximately €98.160,00. Both buildings share a common entrance, staircase, heating system, and central water and electricity connections. Due to this shared infrastructure, the buildings constitute one economic unit and are being sold exclusively as a package. This exceptional property combines historic building fabric, listed-building protection, an excellent state of renovation, and sustainable rental income in one of the most attractive locations in Stralsund’s old town, just two minutes from the Strelasund. It offers investors the rare opportunity to acquire a well-maintained residential and commercial building complex with historic character, long-term attractive tenancies, and further potential for appreciation.

Features
BalconyBasementTerrace
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Engel & Völkers Stralsund

Your advisor: Erik Rönnebeck

Property ID: W-04BBCJ

Property details
  • Object type

    Apartment house

  • Rooms

    24

  • Bathrooms

    13

  • Living area

    ~784 m²

  • Plot surface

    ~368 m²

  • Flooring

    Laminate, Tiles, Wooden floor

Energy efficiency information
  • Construction year

    1800

  • Energy certificate available

    No

  • Type of heating

    Radiator

  • Energy source

    Gas heating

Location: Stralsund, Mecklenburg-Vorpommern

Schillstraße 31 and 32 are located in the heart of Stralsund’s historic old town, one of the Hanseatic city’s most attractive and historically significant residential and commercial areas. Situated within the old town island, the location combines the unique charm of its historic surroundings with the advantages of a central city-centre location. The property is just a few minutes’ walk from the old town’s important squares and sights, as well as the Strelasund. The immediate surroundings are characterised by the Alter Markt with its impressive town hall and St. Nicholas Church, along with numerous other historic buildings. The area features the brick Gothic architecture characteristic of Stralsund, restored town houses and the established structure of the historic old town. In 2002, Stralsund’s old town was added to the UNESCO World Heritage List. The exceptionally well-preserved historic buildings and unique townscape create a special atmosphere and make the location a sought-after place to live, work and invest. Numerous shops for everyday needs, cafés, restaurants, boutiques, service providers and medical practices are located nearby. Stralsund’s pedestrian zone is also within easy walking distance. The central location provides short distances and excellent infrastructure for residents and commercial tenants. Because of its direct connection to the island of Rügen, Stralsund is also known as the “Gateway to the Island of Rügen”. Germany’s largest island can be reached quickly via the Rügen Bridge and the Rügen Causeway. At the same time, the location offers immediate proximity to the water and the maritime character of the Baltic Sea. The Hanseatic city is also very well connected by road. The B96, B105 and B194 federal roads, as well as the A20 motorway, provide good connections towards Rostock, Greifswald, Berlin and Hamburg. Stralsund Central Station also offers regional and long-distance rail connections. The Hanseatic city of Stralsund combines historic architecture, maritime quality of life and modern urban infrastructure in a unique way. Cultural institutions, museums, restaurants and diverse leisure opportunities contribute to a high quality of life and stay. Schillstraße 31 and 32 are particularly attractive due to their central location within the historic old town, the special surroundings of the UNESCO World Heritage Site and the excellent infrastructure. The location therefore offers attractive conditions for sustainable residential and commercial use, as well as for a property investment with long-term potential.

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