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SL60 - Massive mixed commercial and residential property Germany

Lobau, Löbau, 02708, Sachsen, Upper Lusatia, Germany
£ 135,000
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Description:
Huge property on two plots in Lobau, Germany. As well as a massive property, this used to have proper casino inside!
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About property
Huge property on two plots in Lobau, Germany. As well as a massive property, this used to have proper casino inside! This property is North East of the city of Lobau. Nearby are schools, doctors, shops and bus connections. This is a mixed residential and commercial area. The property was built between 1913 and 1915. The houses sit on large plots, one property is on 9,434SQM and the other is on 1,450SQM - Well over two Acres. Both properties are former military buildings, with one being a former officers mess and the other was residential for the hunters barracks. The former officers mess is partially let, this is used as office, workshop and warehouses, only around 10% is let, showing how large this property is. This may be a good property to turn into a nursing home or property for the elderly such as sheltered housing, such demand is there, and the property could accommodate a lot of residents. There is around 7,500SQM inside what was the officers mess, as a care facility for the elderly, you could accommodate around 144 residents, providing around 55SQM to each. The former officers mess was partially modernised. There are two rental agreements with income.
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