Paul & Partner Real Estate announces the completion of a transaction in the residential property segment. This involves the sale of a multi-family house with an associated plot of land in Bischofsheim, a municipality in the Groß-Gerau district. This brokerage represents a further positioning in the area of residential investments in the Rhine-Main region, where a property with existing stock and development prospects changed ownership.
The property, built in 1973, comprises a multi-family house with a total of 19 residential units spread over four storeys. The total living area of the building amounts to approximately 737.93 square metres. The associated plot of land, combined with an adjacent plot of approximately 366 square metres, measures a total area of around 766 square metres. A division according to the Condominium Act (WEG) has already been carried out, which opens up relevant options for future use.
Property and Location Characteristics
The apartment mix of the existing property is described as balanced, with sizes ranging between approximately 25.48 square metres and 57.55 square metres. The floor plans are functionally designed. The offering is complemented by existing balconies, a backyard, and options for parking. In addition to these existing features of the multi-family house, the adjoining plot of land, in particular, offers additional development prospects that increase the investment potential.
The location in Bischofsheim is considered advantageous for a long-term investment. The local railway station offers direct connections to the regional and national rail network. Connections to the central cities of Frankfurt, Wiesbaden, Mainz, and Darmstadt are available, which underscores the attractiveness of the location for residents and investors.
Market Positioning and Conclusion
Pierre Paul, Managing Director of Paul & Partner Real Estate, commented on the transaction, emphasising that the successful sale had brokered a property with relevant development potential to a suitable acquirer. The particular attractiveness of the investment was based on the combination of the existing residential stock, the already completed WEG division, and the additional plot of land. These aspects positioned the property as particularly interesting.
With this sales completion, Paul & Partner Real Estate once again underscores its market presence in the residential investment segment of the Rhine-Main region. The transaction demonstrates the company's experience in brokering multi-family houses and residential properties that have significant development potential.
