Ringstedgade 11 and 13 are two striking properties from 1969 and 1898 placed in the heart of Næstved. The property on Ringstedgade 13 is among the most charismatic in Næstved, but Ringstedgade 11 also decorates the cityscape with large facade windows that provide good exposure.
Martin Andersen, partner at EDC Erhverv Poul Erik Bech Næstved, says: “Both properties are prominent figures in the heart of Næstved, and over the years, different and loyal tenants have had either shops or offices in the properties. The most loyal is the local daily newspaper, formerly Næstved Tidende and now Sjællandske Medier, which has been located in the property at Ringstedgade 13 since it was built in 1898 and still today has its Næstved editorial office in the property.” He continues:
“The properties have been continuously renovated and appear well maintained. The properties contain 10 good commercial leases on Ringstedgade 11 and 12 good commercial leases on Ringstedgade 13.”
Ringstedgade 11 is among other things rented out to a café, medical practices and a bicycle shop, and Ringstedgade 13 is in addition to Sjællandske Medier rented out to a restaurant, hairdresser, large fitness chain and contact centre, among others.
Possibility to expand with residential units
In recent years, Næstved has experienced a steady population growth, which is why there is a need for additional housing in the city. Demand is particularly high in the city centre,” says Martin Andersen:
“The housing market in Næstved is very stable and demand for housing is high, especially in the city centre. This can also be seen in the new housing projects that are being built, including Stenlængegården and Maglemølle. The new improved transport options reduce travelling time to Copenhagen and other cities, making the city more attractive to commuters. At the same time, investments are being made in both educational institutions and business promotion initiatives, creating a strong foundation for the city’s future development.”
“The properties currently contain 5 residential units, but there are good opportunities to convert several of the commercial leases to apartments, which requires municipal approval. Other properties close to the city centre have been approved in the past, so I have high hopes that this can happen here too. Market rents in Næstved are rising, so it could be an attractive case for an investor,” says Martin Andersen.
Potential for a new hub on Zealand
“Næstved is undergoing rapid development, including the project in Rådmandshaven with hotel and housing, which will bring even more life to the town centre in the future and also open for more tourists in our town. Næstved has many attractions, and we are in fact number 8 on the list of cities with growth in the number of foreign overnight stays nationwide,” says Martin Andersen and continues:
“The city has great potential and can become a new hub on Zealand with the upcoming Fehmarnbelt link and the motorway between Rønnede and Næstved, which will create really good connections to the city. Investors are already starting to recognise our area, and I expect a lot to happen in the next 5-10 years in this regard.”
Read more about Ringstedgade 11 and Ringstedgade 13.