Project No.: 201919
The oldest inn in Hanau is being converted to residential use. Here, two modern loft apartments and four residential units are being built in the former guest rooms with 3.5 m high ceilings, which will live up to the name "Zur Krone" (The Crown).
About the property
- Project category: Residential property
- Project type: Existing properties
- Building: 1934
- Purchase: 2019
- Investment amount: EUR 610.000
- (planned) revenue*: EUR 742.000
Note: *) This value is a forecast.
Hanau has 99,353 inhabitants and is known as the birthplace of the Brothers Grimm, whose monument can be found on Hanau's Market Square. The most important attraction in Hanau is Philippsruhe Palace, which is a 12-minute drive from the offered property. The educational institutions include the Brothers Grimm Vocational Academy Hanau and the Hanau site of Steinbeis University Berlin. Sports facilities in Hanau include Turngemeinde Hanau gymnastics club (11 minutes away by car), the Hanauer Sport Club (14 minutes away by car) and the 1st Hanauer Football Club 1893 (15 minutes away by car).
Hanau is located not far from the Bavarian-Hessian border and is part of the catchment area of the city of Frankfurt. The centre of Frankfurt is 28 minutes away by car. Frankfurt Airport can be reached in 22 minutes by car. In addition to the infrastructural benefits resulting from the proximity to the airport, the airport is also the largest employer in Hesse. Furthermore, Frankfurt offers a huge number of jobs in the finance industry. Deutsche Bank, Commerzbank and Deutsche Börse have their headquarters in Frankfurt. In addition, Frankfurt has a wide range of education institutes. Goethe University is one of the largest universities in Germany. Frankfurt is home to the Frankfurt School of Finance & Management, one of Europe's leading institutes of higher education in the field of business and management. The German National Library is also located in Frankfurt. Because of the good transport connections to Frankfurt, employees working in Frankfurt and students attending university in Frankfurt often choose to live in Hanau. This may be one reason why Hanau’s population has increased by 10.6% since 2019.
The property is located in a good location in Klein-Auenheim, a district of Hanau located south of the Main River, 4 km from Hanau town centre. Klein-Auenheim has been a district of Hanau since 1 July 1974 and has a population of 7,462. The former Klein-Auenheim train station (now a Hesse Odenwaldbahn stop), Friedrich Ebert School (primary school), Klein-Auheim District Service Office, a post office, Schnabel Bakery, Rosengarten playground, Beauty Secrets beauty salon, a branch of R+V Insurance, Hotel Zum Grünen Baum, Leu Baumtechnik tree care services and Hanauer Barf Oase pet supplies are within walking distance of the offered property (2-3 minutes each). There is a Penny supermarket 10 minutes' walk away. There is an industrial area east of the railway line. The Bauer'sche metal factory (built in 1920) is of historical interest in Klein-Auenheim. The Alte Fasanerie wildlife park offers excellent opportunities for leisure activities.