House for sale • 860 m² without real estate, Lower Saxony

Here is the English translation of the text:

An apartment building is for sale in the highly sought-after district of List. It is a residential building located in an inner courtyard with a side wing attached to the main building. The residential building comprises 6 floor apartments with a size of approximately 52–58 sqm of living space. On the ground floor, there is a loft of about 135 sqm of living space, which is planned to be developed in the near future. The side wing consists of three rented commercial units.

Three apartments have already been completely renovated and are equipped with high-quality finishes. The other three apartments are in good condition, with potential for rental increases. The loft on the ground floor is already planned and is about to be developed. Additionally, approximately 175 sqm of the commercial area in the side wing could potentially be converted into living space, although this has not yet been conclusively examined.

The property, together with the main building, has already been divided according to condominium law. Therefore, the sale will include a package of 10 residential and condominium units. There is an economic separation between the main and rear buildings with the side wing, meaning that decisions regarding the 10 units can be made independently by the owners.

Two renovated apartments and the loft can be handed over either vacant or leased. Regarding the commercial spaces in the side wing, there is a special termination right at the end of the year.

The current monthly net rent amounts to EUR 7,466.00. With the leasing of the developed loft, the monthly net rent for the apartments would amount to approximately EUR 5,300. Together with the commercial units, a net rent of about EUR 8,000 could be achieved.

The property is located in the state capital of Hanover, which has around 530,000 inhabitants, in a very attractive, desirable location near Lister Platz and surrounded by Gründerzeit (late 19th-century) apartment buildings. The infrastructure is nearly ideal, with shopping facilities, public transportation, restaurants, cafés, bakeries, and recreational opportunities all within walking distance. The rental market is easily accessible.

In recent years, several modernizations have already taken place:

- New energy-efficient double-glazed windows (installed in coordination with monument protection – wood)

- Installation of a central heating system (gas condensing boiler) with hot water preparation

- Redesign of basement rooms

- Complete renovation of 3 of the 6 floor apartments with high-quality finishes

- Planning for the conversion of the ground floor loft