Bollendorf.Commercial property for sale

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The Property

Property

+ Several existing buildings form the basis of this project.
+ The existing building structures allow for conversion into up to 12 residential units.
+ The concept clearly focuses on development through conversion and restructuring.
+ There is also the option of integrating additional holiday homes into the slope – as an extension of the overall concept.

Change of use to residential use: subject to negotiation

In the event of serious interest in purchasing the property, the owner may be prepared to initiate the approval process for a change of use to residential purposes and cover the associated costs. This is subject to negotiation and must be clarified on a case-by-case basis as part of the purchase negotiations. This statement does not constitute a commitment, an offer or a warranted characteristic and will not form part of the purchase agreement unless otherwise agreed. Such an agreement could provide the buyer with greater certainty regarding planning and costs while reducing the buyer’s own time commitment and the approval risk. Without such an agreement, the necessary coordination with the competent authorities and clarification of the change of use remain the buyer’s responsibility.

Features

+ The property is in its current condition and requires conversion accordingly.
+ The existing structure provides the basis for modern residential units following development.
+ Holiday homes can be architecturally integrated into the slope and finished to a high standard.
+ The project enables a sustainable combination of residential use and holiday rentals.
+ There are currently already three tenants on site.

Other

Information for real estate professionals: change of use as a negotiating position

If the seller assumes responsibility for the change-of-use procedure under an express agreement, the associated approval risk under Sections 29 et seq. of the German Building Code (BauGB) and the applicable building regulations would initially lie with the seller. For the buyer, this could increase planning and cost certainty and reduce the risk discount that would otherwise be required in the acquisition calculation. This does not constitute an assurance that approval is possible or will be granted.

A completed change-of-use procedure could shorten the lead time before construction and marketing begin. This may affect construction-period interest and debt servicing. If agreed, the seller would also bear the costs of the procedure, particularly those for the building application, specialist planning and required expert reports.

Approved residential use may be assessed differently from commercial use by financing banks with regard to the mortgage lending value, property type, rating and interest terms. Housing-related subsidies and KfW programmes could then generally be considered, provided their respective requirements are met. A subsequent division into separate units and individual sale under the German Condominium Act would need to be assessed separately, but could open up a broader pool of buyers.

The scope, allocation of costs and timing of any change of use initiated by the seller are exclusively subject to negotiation. They must be expressly stipulated in the purchase agreement if they are to apply. Evidence of parking spaces, fire safety, sound insulation, the requirements of the German Building Energy Act and accessibility must still be assessed separately, irrespective of this.

NOTE ON AI OPTIMISATION

In this exposé, we use visual representations to show how the property – especially the garage and living spaces – could look after modernization or expansion. These images serve as inspiration and planning aids; they do not represent the current condition.

COMMISSION

The buyer's commission amounts to 3.57% including VAT of the notarized purchase price.

Since we do not determine property details ourselves, we assume no liability for them. This exposé is intended for your personal use only. Passing it on to third parties requires our express consent and does not affect our commission claim in the event of a contract conclusion. All negotiations must be conducted through our office. In case of violation, we expressly reserve the right to claim damages up to the amount of the commission. Prior sale is not excluded.

The energy certificate will be provided by the owners if not yet available.

About Bollendorf and this type of property

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