Investor wanted: closure of the building gap at the cow gate in Rostock!

Investor wanted: closure of the building gap at the cow gate in Rostock!

Ernst-Barlach-Straße 5, 18055 Rostock, Deutschland - in the city of Rostock something is happening! In the heart of the eastern old town you look for an investor for an undeveloped property that listens to the promising name Ernst-Barlach-Straße 5. The Rostock Society for Urban Renewal, Urban Development and Housing MbH (RGS) has published the tender to close the gap between the historic villas north of the cow gate. The area is currently a green lawn and does not show the full potential that it harbors. As ndr should be created here in order to improve the urban integration.

The location of the property is more than lucrative. It is right in front of the historic city wall and the impressive cow gate at the southern end of the old town. It has a central role in urban development. The application deadline to get a foot in the door ends on July 18, 2025, and the minimum bid is 6,000 euros annually for the total area of ​​around 473 square meters. So far there have been isolated inquiries, but specific offers are still pending, according to the analysis of rgs .

building gap and historical responsibility

The history of the property is tragic. There was once a 19th century villa, which was badly damaged during the Second World War and was not rebuilt. The area no longer has urban planning function and has not regained the original appearance of a villa property.
The closure of this building gap is therefore not only a development goal, but also an opportunity to revive the charm of the eastern old town. The view of the cow gate from the south is given by the undeveloped property, but the overall impression suffers.

Analogous to the current development of the property, it is important to mention that the heritage law in Rostock is a clever solution in order to meet the increasing demand for living space. In line with the Erbacht-modells , this approach is a sustainable way to use the urban properties in the long term without selling them. In Rostock, many properties have a long tradition of leasehold, which was particularly popular in the post -war years.

why inheritance flat rates are on the advance

The current situation shows that the average leasehold interest rate in Rostock is between 2% and 5% of the property value per year. In the case of real estate prices of around 3,000 euros per square meter, a leasehold rate of 4% with a property value of 200,000 euros can mean an annual payment of 8,000 euros. Good business, although planned in the long term. According to experts, the importance of heritable building law in times of urban compression and increasing rental prices could continue to increase.

It remains to be seen whether the property will find a suitable investor until the deadline. If there is no prospect by July 18, 2025, the citizenship will decide on the possibility of privatization. This remains the fate of the property up to this date - and we are excited to see how the situation will develop!