ID: 21972

29.08.20

Realestate

Elite castle in Saxony, Germany (Western Europe)

There is an offer to buy a castle and all buildings on the territory, with a total area of 2,750 sq.m., on the land of Saxony

Location:

Saxony, Germany

  • Type of property: Инфраструктурная недвижимость
  • Price: $7 200 000

A unique property with historical value at a very attractive price offer.

Ideal for both a luxury residence and an investment project for a boutique hotel complex and spa center specializing in health and rejuvenation.

Location: Federal State – Saxony, Germany, 01067

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Key metrics:

  • The total area of ​​buildings – 2,750 sq/m
  • Land area owned – 1.53 hectares
  • Period of construction – 1902
  • Last major renovation – 2005-2008

The condition of the castle is excellent, no overhauls are required.

A fairly rare type of asset, with a history of more than 500 years, which even has its own Wikipedia page.

The castle can become both a personal suburban family residence and an effective investment project with the possibility of reconstruction into a boutique hotel complex of the highest category, designed for wealthy European tourists.

Such projects are of particular investment value and contribute to the diversification of investment risks, providing good profitability (according to Western European standards)! A trendy asset that opens perspective to many European enterprises.

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To this day, almost all antique furniture, baroque cabinets, hunting trophies, rococo furniture, paintings, carpets and silver sconces have been preserved in the castle!

The complex consists of 5 buildings:

  • Castle (1,230 sq/m)
  • Half-timbered house (150 sq/m)
  • Two-storey guest house (570 sq/m)
  • Separate reception house (200 sq/m)
  • Large horse stable (600 sq/m)

The main building of the complex – the Castle consists of 4 floors (see photo below)

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Investment pre-project: Implementation of a Hotel complex with a SPA center and specialization in professional and high-quality procedures for healing, losing weight, rejuvenating, and restoring.

The value of the underlying asset (complex of buildings and land) is 7.2 million EUR.

Estimated volume of investments in the hotel and recreation complex – EUR 5,045 million.

The total payback period of the project is 6.5 years (an excellent indicator for the Western European market, with minimal risks of a decrease in the value of the asset, since the German real estate market is growing).

As part of the investment project, it is planned to create 84 hotel rooms of the highest category during the reconstruction of the facility, located in 3 buildings (buildings) on the territory. The creation of a restaurant complex, a separate SPA complex with a swimming pool and a medical center is envisaged. There is a beautiful forest right next to the castle, ideal for hiking and horseback riding in the open air.

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There are various models for acquiring an object and financing an investment project.

Location

Contacts

Роман Кантаровский

rk@inventure.ua +380663226144

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