Clausthal-Zellerfeld is a university town in Lower Saxony with around 14,500 inhabitants and almost 4,000 students. The object in Clausthal-Zellerfeld with a floor area of approximately 2,100 m² and a plot size of 4,000 m² were acquired together with other properties in 2018 as part of a portfolio transaction. The vacancy at the time of acquisition was around 42%.
The 77 completely renovated 1- to 2-room apartments are furnished and have their own bathroom. In addition, several common rooms and the entrance area were redesigned.
|Project type||Revitalization development|
|Plot size||approx. 4,000 m²|
|Floor area||approx. 2,100 m²|
|Development goal||Refurbishmant and vacancy reduction|
University of Technology
The residential complex is centrally located on the edge of the campus, near the cafeteria and the library of the Clausthal University of Technology. The center of Clausthal and numerous shops are also within walking distance.