| Rent | 4166 € |
|---|---|
| Selling Price | 1.235.000 € |
| Courtage | 5,95% |
A well-maintained and already fully let apartment building is for sale, situated on a generous leasehold plot of 4,604 m² in Buchholz in der Nordheide. The property not only offers an excellent investment opportunity, but also attractive expansion potential for investors, as the structural utilization has not yet been reached.
Plot & expansion potential:
Plot size: 4,604 m² (leasehold)
Condition of the plot: Partly undeveloped and ready for expansion
Expansion potential:
- Additional buildable area for up to 17 residential units and a total of approx. 1800 m² of living space
- Separate building plot with option for a further apartment building with up to 9 residential units
- There is a tiny house next to the double carport, which currently serves as a storage room and workshop, but can also be converted into living space.
- Rented semi-detached house can easily be converted into 2 residential units
Building information:
Built in 1958, extensive modernization between 2012 and 2020
Total living space: approx. 429 m², spread over 5 residential units (expandable up to 1800 m²)
Additional usable space: approx. 223 m²
Partial basement with 13 basement replacement rooms of 6 m2 each, currently unlet.
Current use: 4 units currently rented - one unit is currently used by the owner himself.
Features: High-quality materials such as tiles, real wood parquet and vinyl flooring; 6 modern bathrooms for high living comfort
Residential units in detail
Semi-detached house: approx. 191 m² living space with 1 terrace, 1 balcony and 1 roof terrace
Apartment 2: approx. 42 m², top floor, 2 rooms
Apartment 3: approx. 70 m², top floor, 4 rooms, balcony
Apartment 4: approx. 55 m², first floor, 2 rooms, terrace
Apartment 5: approx. 71 m², first floor, 2 rooms, terrace
Rental information
Annual net cold rent: € 41,199 (4 units rented, one apartment as owner-occupied)
Ground rent: currently € 1,070.88 per year
Remaining term of the leasehold: 33 years (start: 1958)
Option to extend or purchase the property from the leaseholder.
Conclusion
This property with the last free buildable plot represents an attractive investment opportunity for investors interested in a well-kept, expandable residential building. The large leasehold plot and the additional building plot offer space for potential new builds and additional residential units, while the existing units generate a stable rental income.
For further information or to arrange a viewing appointment, please do not hesitate to contact us.