House for sale • 350 m² without real estate, Lower Saxony

Student Dormitory with 13 Units and Development Potential in Clausthal-Zellerfeld

For sale is a student dormitory with a total of 13 residential units in Clausthal-Zellerfeld. The property offers an interesting combination of already rented units, ongoing or planned renovation measures, and further development potential.

I acquired the property in 2022 for 400,000 euros.

After experiencing a water damage incident on the ground floor, the affected area was completely gutted. In the process, the water pipes on the ground floor were renewed.

One of the apartments on the ground floor is already fully renovated. In the second apartment, the pipes were renewed; however, the interior finishing still needs to be completed.

In addition, three other apartments will be handed over fully gutted and renovated. Depending on the buyer’s preference, these units can be delivered either as rented or unrented. Four additional, non-renovated apartments will be handed over in a rented condition. Four more apartments could either be immediately rented. I had originally intended to renovate them, but that decision would be left to the buyer.

Other measures already carried out:

• Renewal of the gas boiler in 2025

• Renewal of the courtyard terrace

• Renewal of the water pipes on the ground floor

• Complete renovation of one ground floor apartment

• Preparation of additional units for renovation

• All electrical wiring is flawless and about 30 years old

• Each apartment has its own electricity and water meter

• The water pipes are also 30 years old, but some soldered joints have already started leaking. Hence the started renovation.

• The façade facing the street is a protected monument

• Double glazing in all apartments

Courtyard and Outdoor Area

The property features an enclosed courtyard with a renewed terrace. Additionally, residents have access to a covered bicycle shelter, which is a practical added value, especially given the focus on student rentals. There is also a large covered storage shed.

Usage Possibilities and Potential

The dormitory is particularly suitable for investors looking for a property with existing rental income and additional development potential.

Due to the different conditions of the residential units, the property can be further developed step by step. The already renovated or renovation-prepared apartments offer the possibility of quickly generating additional or higher rental income. At the same time, the units delivered as rented provide an existing income base.

The handover of the renovated units can be agreed upon as either rented or unrented. This provides the buyer with a certain flexibility regarding the further rental strategy.

Reason for Sale

Key Data

• Student dormitory with 13 residential units

• Partially rented

• Renovated and renovation-prepared units

• Gas boiler from the year 2025

• Enclosed courtyard

• Renewed terrace

• Covered bicycle shelter

• Flexible handover of individual units by agreement

• Private sale without additional buyer commission

The property is located in Clausthal-Zellerfeld, an established university town in the Upper Harz region. Due to the Technical University of Clausthal, there is a continuous demand for student accommodation on-site. Everyday facilities, shopping opportunities, and other urban amenities are easily accessible in Clausthal-Zellerfeld.

The combination of a university location, a small-town atmosphere, and comparatively affordable housing makes the location especially attractive for students. (tu-clausthal.de)

The sale is being made exclusively for reasons of time and business. I operate a well-running company that now demands all of my attention. As a result, I can no longer devote the time required for the further development of the property.

For this reason, I have decided to pass on the property at the original purchase price. The investments and renovations carried out since the acquisition will not be added to the purchase price.

The property offers an interesting starting point for a buyer who wishes to continue the measures already begun and fully exploit the potential of a student dormitory at a university location.

Further information, documents, as well as details on the individual residential units and existing tenancies, I am happy to provide upon serious interest. Viewings are possible by appointment.