Flat for sale 4+kk • 102 m² without real estateLeibnizstraße 22 Magdeburg Altstadt Sachsen-Anhalt 39104

You will become the owner of an apartment located on a quiet side street in the popular historic center of Magdeburg. The Gründerzeit building, lovingly gutted and renovated in 2008 (among other things, most of the old doors were refurbished, the original railing preserved, and the steps enhanced with sisal), comprises a total of 15 apartments, including an elevator. The building is in excellent condition, having undergone extensive modernizations again in 2022. In particular, the robustly constructed and lockable bicycle carport in the courtyard is a special highlight of the property.

The 4.5-room apartment, which also includes a basement storage room, is located on the ground floor and is suitable for owner-occupiers, business operators, as well as investors. The attractive apartment, for which the land register allows both residential and commercial use, covers 102 sqm of living space.

You enter the apartment through the entrance hall. From here, you will find on your left a kitchen-living area and the main part of the apartment with a balcony; straight ahead, a guest WC & a storage room; and to the right, two rooms facing the street.

This layout enables a separation between the living area (on the left) and a work area (on the right) with a WC, making it ideal for receiving clients separately to the apartment in a central city location. The size of the rooms is suitable, for example, for a small law or tax consultancy, an insurance broker, an architect’s office, etc.

The living area on the left comprises an open kitchen with direct access to the balcony, as well as a living room, a study/children’s room, a utility room, and a spacious bathroom with 2 washbasins, a bathtub, a shower, a WC, and a towel radiator.

Currently, the apartment has been rented since 2015. The annual net cold rent is €9,120. Self-occupation should be possible in the future.

The nearly identical apartment above this one on the first floor was recently sold (vacant) for €250,000.

The apartment is located in the heart of Magdeburg’s historic center.

The residential location is very popular with both tenants and owner-occupiers and offers all the benefits of central living while being in a quiet side street. No matter what you plan to do, you’ll get there quickly! And no matter when you want to return home, you will hardly find anywhere else in the city where you can get there as reliably by public transport, coming from any direction, as you can to the Hasselbachplatz, which is only 2 minutes away.

Due to the extremely convenient proximity of all shops and facilities for everyday needs, you do not even require a car here; a bicycle that can be securely stored in the carport is entirely sufficient.

Your advantages at a glance:

Exciting location in Magdeburg – The apartment is perfectly situated in the historic center of Magdeburg in a quiet side street and yet in immediate proximity to the Elbe riverside, Hasselbachplatz (the hub for public transport in the city), various gastronomy, cultural and health facilities, as well as shopping opportunities (among other things, the new EDEKA in the Domviertel). The Hegel-Gymnasium is also located nearby.

This is also reflected in the ground value of €750 per sqm for the micro-location, which is among the highest of all residential neighborhoods in Magdeburg. This ideal location ultimately means considerable potential for further positive development of the district, including value increases for the residential space there.

Interesting size – There are many 2- & 3-room apartments in Magdeburg. A 4.5-room apartment, which is relatively rare in the city, attracts both families and long-term rental tenants, as well as owner-occupiers. This creates ideal conditions for particularly good value retention of the apartment.

Versatile usage options – The permissible use of the apartment for both residential and commercial purposes offers you as the buyer, as well as any future users, many flexible design possibilities within one apartment. This is a rarity in this form!

Well-maintained condition – The apartment is in good condition and has been continuously maintained. Several repairs have recently been carried out.

Square. Practical. Good. – When you combine all the mentioned advantages, you see an apartment that is very well suited both for owner-occupiers and investors. The affordable purchase price nicely rounds off the offer.

Are you interested? Then please feel free to make an inquiry! In the first step you will receive all the relevant documents for the property. If, after careful review, you remain interested, we can arrange a telephone consultation regarding a viewing appointment.

External viewings are possible at any time. Please refrain from approaching the tenant without prior arrangement. You are free to choose the notary.

P.S.: I also have another apartment for sale at Torplatz in Diesdorf. It is a 2-room, 57 sqm apartment built in 1996, with a purchase price in a package of €88,000 and a factor of 18.8. If you are interested, I would be happy to send you an exposé along with all the relevant documents for this apartment.