Residential property with development potential for approximately 6–7 residential units | Recklinghausen area

The listing includes an existing residential property with approximately 220 m² of living space on a lot measuring approximately 617 m². The property features 7 rooms, 2 bathrooms, a garage, a garden, and a terrace, and can generally continue to be used by the owner, rented out, modernized, or otherwise utilized for residential purposes.

In addition, there is the option to further develop the property for residential use as part of a replacement new construction project. A conservative scenario currently being considered involves a multi-family residence with approximately 6 residential units spread over 2 full stories and a model living area of approximately 390–450 m².

As an expanded scenario, a variant with two full stories plus an attic and approximately 6–7 residential units, with a model living area of approximately 470–540 m², is being examined.

Depending on the specific plans, private gardens and terraces on the ground floor, balconies or outdoor seating areas on the upper floor, and additional outdoor spaces in the attic may be included. It is also possible to explore further structural utilization with three or more above-ground levels.

All development options are non-binding conceptual assumptions. Actual implementation depends in particular on the architecture, setback requirements, proof of parking spaces, construction method, site development, and regulatory approval.

This offer is aimed in particular at real estate developers, project developers, property owners, private investors, family offices, and smaller housing companies seeking an existing residential property with additional residential development potential.

The owner of the property is a physician. Regardless of the real estate and development property offered here, the possible sale of his existing medical practice is currently being explored.

The practice is currently not automatically included in the real estate sale, but may be considered separately or together with the property if there is sufficient interest. Further details regarding the practice, its structure, and possible transfer models are currently still under review and will be provided confidentially upon concrete interest.

This essentially results in three possible acquisition scenarios:

1. Acquisition of the residential property with development or new construction potential.
2. Separate interest in a potential practice takeover.
3. Joint review of an acquisition of both the property and the practice.

Interested parties may express interest in one of the three options. Inquiries from parties interested in both the property and the practice who wish to explore a combined solution are particularly welcome.

A combined transaction is theoretically possible, but it depends on further review, the specific structuring, and the consent of the parties involved. The details will be finalized exclusively during the confidential process that follows.

The relevant housing market is located in an established residential area in the western Ruhr region, characterized by mature residential development and a high proportion of multi-family dwellings. The area is generally well-suited for smaller residential developments, infill development, and replacement construction.

Current asking rents in the immediate residential area for existing apartments range from approximately 6.10 to 9.10 €/m² net, excluding utilities. Comparable listings, for example, are priced at around 7.10 €/m², 8.00 €/m², 9.00 €/m², and 9.10 €/m². These figures primarily refer to older existing buildings and are therefore only partially comparable to a modern new construction.

The current municipal rent index for 2026 shows a range of 9.65 to 10.65 €/m² for apartments built between 2011 and 2020 in a mid-range residential area. For a desirable residential area, a premium of up to 10% may be applied, depending on the specific residential quality characteristics. For new construction from 2021 onward, no fixed table value is specified; classification in this case is based more heavily on the current market.

Average asking rents in the regional submarket under consideration currently range around 7.90 €/m², although significantly higher values are observed for higher-quality and newer apartments.

The condominium market also shows an established price level. For condominiums in the relevant submarket, average asking prices are currently observed in the range of approximately 2,350 to 2,500 €/m².

For the new-construction scenarios presented, the lower rents for existing units are therefore deliberately not factored in. As a non-binding model range, depending on apartment size, energy efficiency, amenities, floor plan, and outdoor areas, a net rent (excluding utilities) of approximately 10.00 to 11.75 €/m² is assumed.

Based on this, the conservative development scenario with approximately 6 residential units yields a model annual net rent (excluding utilities) potential of approximately €46,800 to €53,676. For the expanded variant with an additional attic floor, the currently used model range is approximately 57,810 to 65,736 € in annual net cold rent.

All market, rental, and income values are provided solely for guidance and project evaluation. The actual values that can be achieved depend in particular on permits, the realized living space, the standard of finishes, energy efficiency, apartment layouts, outdoor areas, and the market environment at the time of completion.

The property competes with traditional residential building lots, existing properties in need of renovation, smaller apartment buildings, and residential developments that have already been planned or approved in the regional market.

The key difference is that here existing property and development potential are combined in a single acquisition. The buyer is not only acquiring an undeveloped lot with full development risk, but also an existing residential property with approximately 220 m² of living space, a garden, a terrace, and a garage—which can, in principle, continue to be used, rented out, modernized, or retained as an existing property during a planning phase.

At the same time, the approximately 617 m² lot opens up additional residential development opportunities. As a conservative model, a multi-family residence with approximately 6 residential units and 2 full stories is currently being considered. An expanded variant with 2 full stories plus an attic and approximately 6–7 residential units is also being evaluated.

Another advantage over plots requiring completely new development is the existing documentation. The property is zoned for residential use; up-to-date planning information is available. A zoning plan is not currently being drafted, and there is no moratorium on changes. Further development options, including the possibility of higher density, can also be explored.

Compared to construction projects that have already been fully designed or approved, the purchase price reflects an earlier stage of development, giving a buyer the opportunity to largely determine the architecture, apartment sizes, finish standards, outdoor spaces, and future rental or sales strategy on their own.

The property is therefore particularly suitable for buyers who are not solely looking for a ready-made investment, but rather wish to specifically create value through their own project development.

All development possibilities are subject to concrete planning and regulatory approval.