Project No.: 202026
This listed property in Halle has a total of 939 m² of residential and commercial space. Since it is in need of refurbishment, planning applications have been submitted for the renovation, the upgrading of the attic floor and the addition of balconies and terraces before it is sold on.
About the property
- Project category: Mixed object (Residential and commercial)
- Project type: Listed properties
- Building: 1890
- Purchase: 2020
- Investment amount: EUR 1.050.000
- (planned) revenue*: EUR 1.350.000
Note: *) This value is a forecast.
The Halle-Leipzig conurbation is the strongest economic area in eastern Germany after the metropolitan area of Berlin. It is one of the most important investment regions in the country and is part of the European economic area of Central Germany. Situated on the border between Saxony-Anhalt and Saxony, it connects the cities of Halle and Leipzig and their surrounding communities, and thus a total of around 1.2 million inhabitants.
The economic region is and was rich in natural resources but today focuses on the chemical industry, automobile manufacturing and engineering. The infrastructure is almost perfect for this purpose. The conurbation is a transport hub with a double autobahn ring, an extensive rail network and the international airport of Halle/Leipzig
Halle focuses primarily on technology and science. The city is home to the Weinberg Campus Technology Park, the second most important area of the sector in eastern Germany, and puts the emphasis on renewable energies, biotechnology and electromobility.
At the same time, the city on the Saale river offers an ideal residential environment. 47 kilometres of waterways and a wide floodplain with several islands dominate much of the city. In addition, there are numerous garden and park areas, a diverse cultural life and prestigious institutes of higher education such as the Martin Luther University, one of the oldest in Germany. Halle is located on the “Romanesque Road” and largely escaped damage during World War II. The most important buildings include the birthplace of composer George Frideric Handel, the city’s most famous son.
The property at Bernburger Straße 9 is located in the district of Giebichenstein about one kilometre north of the city centre. The immediate vicinity is characterised by dense development with a high population density. The infrastructure of the district is commensurate with this.
Giebichenstein Castle, one of the city’s two castles, the Halle Zoological Gardens and three smaller parks are all located in the surrounding area. However, the greatest recreational value is offered by the Saale islands of Ziegelwiese and Peißnitzinsel, which are only about 700 metres away and are even partially designated as nature reserves. The islands feature playgrounds and sports facilities, a boat rental service, an open-air theatre and the historical park railway. In addition, the popular Saale Cycle Route runs along here. The islands can be reached via 7 of Halle’s 132 bridges.