House for sale • 483 m² without real estate, Lower Saxony

Commercial space, 8 residential units, garages, and expansion reserve in a central location

This versatile residential and commercial building offers investors an attractive investment opportunity with significant potential for value enhancement and development. On a spacious plot of approximately 1,664 m², there are a total of eight residential units, one commercial unit, and eight rented garages.

The total living area of approximately 483 m² is distributed over eight apartments comprising a total of 14 rooms. These include six two-room apartments and two one-room apartments, appealing to different tenant groups. In addition, the property includes a commercial unit with approximately 445 m² of usable space, offering additional income potential. Currently, three apartments are rented, while the remaining units are unoccupied in view of the sale. This provides the buyer with the opportunity to implement extensive modernization measures and subsequently adjust the rental agreements to market conditions. Both the residential units and the commercial space are in need of renovation, offering investors the chance to upgrade the building according to their own vision and achieve attractive long-term returns. A special highlight is the available expansion reserve in the attic covering about 100 m², which offers further development potential for additional residential space—subject to official approvals.

The heating is provided by an oil-fired heating system which has been regularly maintained by professionals. According to the energy certificate, the building has a final energy consumption of 76.6 kWh/(m²a) and is thus classified in energy efficiency class C.

The property also includes eight garages, which are currently fully rented and thereby already generating stable rental income. The spacious garden area is available for communal use by all residents, further enhancing the quality of living.

Overview of the Residential Units:

• Commercial – 424.55 m² – vacant

• Apartment 2, Entrance 1 – 1st floor, left – 64.78 m² – 2 rooms – rented

• Apartment 3, Entrance 1 – 1st floor, left – 58.11 m² – 2 rooms – vacant

• Apartment 4, Entrance 1 – 1st floor, right – 82.94 m² – 2 rooms – vacant

• Apartment 5, Entrance 2 – left – 44.76 m² – 1 room – rented

• Apartment 6, Entrance 2 – right – 42.39 m² – 1 room – vacant

• Apartment 7, Garden – Garden apartment – 71.43 m² – 2 rooms – rented

• Apartment 8, Entrance 1 – 2nd floor, right – 59.75 m² – 2 rooms – vacant

• Apartment 9, Entrance 1 – 2nd floor, left – 59.75 m² – 2 rooms – vacant

• Expansion Area – Entrance 2 – Attic – 100 m² – vacant

Highlights at a Glance:

• Multi-family house with a commercial unit

• Approximately 483 m² of living area

• Approximately 445 m² of commercial space

• 8 apartments:

o 6 × two-room apartments

o 2 × one-room apartments

• A total of 14 rooms

• Approximately 100 m² of expansion reserve in the attic

• Plot size approximately 1,664 m²

• 3 apartments rented, remaining units vacant

• All residential and commercial units in need of renovation

• 8 garages, fully rented

• Spacious communal garden

• Oil central heating, regularly maintained

• High development potential for investors

Conclusion:

A rare opportunity for investors looking for an income-generating property with significant development potential. The combination of residential and commercial spaces, existing rental incomes, expansion reserve, and numerous vacancies provides ideal conditions for a comprehensive repositioning and sustainable increase in value.

The multi-family house is located in the central area of Lamspringe, one of the most important traffic and business corridors of the state-recognized resort in the southern district of Hildesheim. The property is situated in the historic town center and benefits from excellent local amenities as well as short distances to shopping, service providers, restaurants, and public facilities.

Lamspringe is characterized by a high quality of living and recreational value. The community is shaped by its attractive location between the Leine Hills and the foothills of the Harz, as well as its established infrastructure. Numerous cycling and hiking paths, cultural offerings, and the historic monastery complex create an attractive living environment for different target groups.

Within walking distance, there are bus stops connecting to the surrounding cities and municipalities. Bad Gandersheim, Alfeld, Hildesheim, as well as the A7 motorway, are quickly accessible via nearby state and federal roads. The nearest train stations are located in Bodenburg, Freden, and Bad Gandersheim.

The central location on the main street combines the advantages of good infrastructure with the benefits of an established residential area. This makes the property an attractive long-term investment.