The Vision Group has purchased the Mainvest in Würzburg from Dawonia Real Estate for an amount in the low double-digit millions.
The residential complex consists of 69 flats as well as two commercial units. The nine-floor building, situated on ‘Mergentheim Street 120’ consists of a total rental area of roughly 5.300 m². The average flat size amounts to close to 800 sqft. 15 garages and 37 outside parking lots are also part of the property. Both of the business units hold medical practices that amount to a total of approx. 1,000 sqft. and are situated on the first floor of the building.
„With the acquisition of the Mainvest in Würzburg we expand our portfolio in Bavaria with a property of substantial appreciation potential. The residential property will be renovated and modernized, furthermore the quality of the drinking water will be examined by an institute as well as laboratory experts to enhance the consummation of tap water while reducing plastic waste,“ says Niclas Wallrafen, COO and partner of Vision Group.