Flat for sale 3+1 • 91 m² without real estateSchafredder 15, , Schleswig-Holstein

The Fockbek building ensemble – designed and built by an architect – consists of 3 nested row houses. The front building is to be sold and comprises 2 condominium apartments on the ground floor and in the attic (next to the pellet building).

Ground Floor, 91 m² of living space = €279,000.00 with terrace and garden share

Minimum equity = €24,000.00

Attic, 69 m² of living space = €196,000.00 with garden share

Minimum equity = €17,000.00

An exposé for the ground floor and attic apartments is attached as a PDF file.

Both apartments are rented (indexed rental agreements). You can find the rental data in the draft loan agreement. In order to understand the structure, you must review the loan agreements and financing plans up to December 31, 2033. I would send you copies of the rental contracts by email upon request.

The advantages: owner-occupancy or renting is possible, with no significant liquidity burden during rental or rent-like burden during owner-occupancy despite high repayments; multi-generational living is very feasible. The amount of equity is negotiable (creditworthiness is decisive), but the minimum equity must not be undercut. The disadvantage: the loan must be replaced by bank financing by December 31, 2033.

Financing

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As already mentioned, both apartments are suitable for multi-generational living, as a capital investment, and for owner-occupancy. The structure: Since both apartments are debt-free, the owner provides a preferential loan. The advantage: straightforward processing, no bank negotiations, and quick decisions. Our interest is to sell both apartments either to a capital investor or to an owner-occupier.

Pellet Heating

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The entire property (5 condominium apartments) requires approximately 12 tons of pellets per year, with a ton currently costing around €270.00. The result: the heating costs are significantly lower than with a gas or oil heating system. Incidentally, the tenant’s or owner-occupier’s heating costs are included in the housing charges.

Garden Share

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The good news: approximately 50 m² away from the apartment, you have a garden share as a special usage right according to the declaration of division (a communal garden shared with the owners of the attic apartments and the ground floor apartment of the front building). The bad news: the garden has not yet been landscaped but is merely a plain lawn area.

Attachment: Garden Usage Right

Garage and Pellet House

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The garage is not individually owned by one owner; rather, it is jointly owned by all 4 owners because each has the right to store garden furniture and bicycles. The same essentially applies to the pellet house (located to the left of the front building). In my opinion, the relatively elaborately built garage and pellet house complete the picture of the Fockbek building ensemble very harmoniously. I would like to point out, as a selling point, the complete facade cladding of the entire property:

Certainly, you will compare the price per square meter of the condominium apartments with other properties in order to better weigh the pros and cons of the requested price. This external comparison is, of course, sensible and desirable. However: When are the properties comparable? You can find the actual figures in the financing plans. You are not only buying the condominium but also the pellet house and the garage (communal property). Roughly, the pellet house and garage account for a price per square meter of approximately €224.00. The building was completed in 2010 and, in my opinion, gives a nearly new impression.

Bathroom

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The bathroom is designed as a shower room. In 2021, we experienced water damage in the bathroom (don’t worry: it wasn’t a burst pipe, but rather leaky joints in the shower area). The shower area was re-tiled (with larger tiles and a sophisticated mosaic), but not the rest of the bathroom, due to issues with the tiler.

Contact Details

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My suggestion and request: First, take a look at the Fockbek building ensemble. I have also provided extensive supplementary documents online so that you can compare, review, and weigh our commission-free offer against your specific purchasing expectations before scheduling an interior viewing with me. Upon request, I can prepare a financing plan based on your personal data. An interior viewing will be granted once you have provided proof of your equity; I ask for your understanding regarding this requirement. Should you have any further questions, I am happy to provide telephone information. I thank you in advance for your discretion during the exterior viewing and look forward to meeting you. If the property does not appeal to you – which we would very much regret – we wish you the much-deserved success in your apartment search.

- Tel.: 04342/7100032

Viewing Address: 24787 Fockbek, Schafredder 15