Investment property with potential for development in a prime central location

Spread across a plot of approximately 200 m² are a commercial unit (shop) with storage areas on the ground floor, two residential units on the first floor, two units on the second floor, and a maisonette flat spanning the third and fourth floors. All units are currently let on fixed-term tenancies.

The mixed-use property is situated in a central city-centre location in Munich’s sought-after Hackenviertel district, just a few minutes’ walk from Marienplatz, Karlsplatz / Stachus and Sendlinger Tor. The building that originally stood on the site was built in 1895 and destroyed during the war. In 1951, it was rebuilt as a solid-construction building. It comprises five storeys with a basement and an unfinished attic; the rear section of the building is three storeys high. The property is in a very good state of repair, with the flats and commercial premises featuring a medium standard of fit-out. Modernisation work has been carried out gradually over recent years.

By extending the rear section of the building (floors 3 and 4) and further developing the attic, a significant increase in floor space appears feasible.

Thanks to its excellent city-centre location with high footfall and its versatile potential uses, the property represents an attractive investment for investors or developers.