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Hotel For Sale in Zittau, Germany Magnificent Baroque Building In The Charming Town Of Zittau Asking Price: 375,000 € (Negotiable) Incredible investment opportunity in one of the most beautiful cities of Germany. Enormous, listed building of the baroque period right in the historic center and the main square of Zittau. Over 3.000 m2 of constructed surface. Many original details like parquet floors, baroque style tiled chimneys, arch-like halls, wrought-iron made barred windows, two spacious, cobble stoned court-yards, a safe and a strong-room, vault-like cellars etc., etc. The building has been used throughout the centuries as a court of justice, a bank and a revenue office.
Over 70 rooms and halls. Three staircases. Ample corridors. Yard-gate entrance for cars. Over 15 parking lots on the main court-yard. Huge arch-like entrance hall. Overall good condition with many major elements like windows, roof and heating system being renewed in the last couple of years. Prime location for any kind of commercial use. Vis-a-vis Zittau´s town-hall, on the other end of the square. Huge commercial space on the ground floor perfectly fitted for any kind of retail activity, restaurant, cafe, bank etc. Perfect building for a hotel with restaurant. Or a student residence. Also interesting for people who want to relocate and enjoy the romantic tranquility of Zittau. If you just occupy the first floor, living in an airy, palace like 350 m2 flat, rent out the commercial space and a dozen of rooms to students, you live for free like a king having an additional income of a couple of thousand Euros a month. Once in a lifetime opportunity to buy a well preserved piece of history well below its intrinsic value!
Zittau is a city in the south east of the Free State of Saxony, Germany and capital of the Loebau-Zittau district close to the border triangle between Germany, Poland, and the Czech Republic.
After years of careful reconstruction, the inner city of Zittau once again shows its original beauty with many houses out of several areas of German architecture. Because of it´s strategic position in the border triangle in the heart of Europe, Zittau´s affluence was build on trade. Today, apart from trade and other commercial activities, tourism is picking up fast as Zittau´s major growth sector. The natural beauty of the surrounding countryside and the nearby mountains ( providing skiing facilities), are popular tourist destinations all year round. Zittau´s climate is very sunny. Weekenders from the border countries love shopping in the lovely historic center. Another contributor to Zittau´s international flair are the roughly 4.000 Students in Zittau, coming from over 40 countries (with 800 from China). The closest major cities, Prague and Dresden, can be reached by car or train within an hour.
In Germany, all investments and improvements you make in a listed building are deductible from your income tax, this fiscal stimulus is aimed at preserving the architectural heritage of Germany.
Another advantage of investing as a private person in a property in Germany is that if after more then 10 years of ownership, you decide to sell the property at a profit, this profit is completely tax free.
Foreign bidders are more than welcome; but we will not travel abroad for meetings nor will we fall for any fraudulent money exchange schemes.
No Commission. Motivated seller!
Please contact Greg on 0049-170-9864767.
 | | About This Property | |
| Category: | | Hotels | | Address: | | Zittau
Germany | | For Sale By: | | Owner | | Construction Year: | | 1678 | | Area: | | 3,000 m2 | | | Bedrooms: | | 70 | | Bathrooms: | | n/a | | Sleeps: | | 140 | | Stories: | | 4 | | Parking Spaces: | | 15 | |
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