High-priced French fry establishment in Germany found at this location
In the heart of an expensive corner of the world, a long-time fry shack is up for sale, causing quite a stir. Nestled in the posh town of Westerland on the enchanting island of Sylt, the little building with a grand asking price of 270,000 euros hits the auction block this Thursday.
Why pay such a hefty sum for a small brick building on a meager plot? Location, location, location! Sitting snug next to the Nordseeklinik and just a leisurely ten-minute stroll to the beach, this former kiosk enjoys an enviable position.
Auctioneer Michael Plettner of Deutsche Grundstücksauktionen AG, who are presenting the property in Berlin on Thursday, calls it a "one-of-a-kind" opportunity. "We've auctioned properties on Sylt before, but never something this unique," he said to BILD.
Unlocking the Sylt Dream
Once a humble stop for sausages and fries, and later an ice cream paradise, the shack now offers a tiny 35 square meters of space, ripe for transformation. But living in this seaside abode isn't as simple as just moving in. The property is listed as commercial real estate, which may require a permit for change of use, such as converting it into a holiday apartment for those lucky few.
While the exact possibilities remain to be seen, the property's listing suggests the potential for various uses in the hospitality, retail, or mixed commercial-residential sectors. However, it's essential to note that the legality of these plans has yet to be reviewed.
As the auction clock ticks closer to noon on Thursday, the former eatery will go under the hammer at the Grand Hotel Esplanade in Berlin. Bidders can place their bids in person, over the phone, or by written submission. The starting bid is set at 270,000 euros, but keep in mind that the highest bidder will also be responsible for additional acquisition costs ranging from 16-17 percent[1]. For more information about the auction, head to www.dga-ag.de.
[1] These costs mainly include brokerage fees, transfer taxes, and other miscellaneous expenses associated with real estate transactions. The specifics can vary depending on factors such as the buyer's nationality, the property's location, and the terms of the sale.
- With a prime location in Westerland, Sylt Island, the former fry shack, now up for auction, presents a unique opportunity for interested buyers to invest in Commercial Real Estate, catering to various sectors such as hospitality, retail, or mixed-use commercial-residential properties.
- For those considering a lifestyle change, this former eatery could offer a chance to venture into real estate, potentially transforming the 35 square meters space into a holiday apartment, subject to permit.
- Given the high asking price of 270,000 euros and additional acquisition costs ranging from 16-17 percent, savvy investors might find this auction an exciting venture, opening up possibilities in both finance and food-and-drink industries on the enchanting island of Sylt.
