Commercial and office building with multi-storey car park

Commercial and office building with rear multi-storey car park in a central inner-city location in Oberhausen, close to Marktstraße and around 650 m from the main railway station. The 3- to 4-storey building was erected in 1987 in solid construction with an arcade walkway, glazed corner sections and gabled roofs, and has a full basement, complemented by a 1- to 2-storey car park with a parking deck providing a total of 89 parking spaces at the rear of the plot.

The property comprises 8 retail units on the ground floor and 14 office units on the upper and attic floors. The retail units are let with the exception of one vacancy, while the office space, with the exception of two units, has stood almost entirely vacant for several years, as demand for office space at this location is low.

The fit-out is mostly basic and in some areas in need of renovation; staircases and windows are typical for the year of construction and in places no longer weathertight. Due to the long-standing vacancy of the office space, the city has already initiated the repeal of the existing development plan (Bebauungsplan) in order to enable a future conversion into residential use.

Wording of the local court, taken from the official auction notice.