House for sale • 3492 m² without real estate, Lower Saxony

For sale is a high-yield real estate portfolio consisting of six fully basement-equipped multi-family houses in Goslar. The ensemble comprises a total of 63 light-filled, family-friendly residential units with living areas ranging from approximately 42 m² to 112 m². The overall living area amounts to around 3,528 m².

This is a property under hereditary leasehold (heritable building right, term until December 31, 2051, annual ground rent: EUR 2,785.54). This means you acquire ownership of all six buildings and the 63 residential units they contain, while the approximately 9,960 m² plot of land is leased. As a result, there is no high land purchase price, which significantly reduces both the entry price and the required equity investment compared to full ownership.

The three-story solid concrete buildings, dating from 1956, offer a very solid foundation and a fully basement-equipped structure. This property is in need of renovation and modernization. It provides an ideal basis for investors and craftsmen who wish to unlock latent value reserves through targeted measures and gradually raise the standard to a modern level. The heating is provided decentrally by gas-fired individual heaters.

An exceptional advantage for investors is the opportunity to take over an existing, highly attractive loan from Sparkasse:

Purchase price: EUR 2,981,196

Favorable remaining loan: approx. EUR 2,304,000

Attractive interest rate: Only 2.5% p.a. fixed until the end of 2029!

Equity required: Only approx. EUR 677,196

No commission: The sale is conducted directly by the owner without any additional broker fees.

The portfolio offers an optimal combination of ongoing income and enormous potential for capital appreciation:

Initial situation: Part of the units is stably rented, ensuring reliable income. Approximately half of the apartments are currently vacant. The reason for the vacancy is not a lack of demand, but rather the shortcomings of the previous property management, which neglected both re-letting and maintenance.

Your opportunity as a professional: The local market and demand are high! For experienced investors and professionals, this condition is a real windfall: You are acquiring a property without long-standing tenancies in these units, allowing you to renovate them to your own specifications and re-let them at current market rents.

The residential complex is excellently located in the popular area of Goslar (Altdammer Straße / Wolfenbütteler Straße). The historic old town, which is part of the UNESCO World Heritage, is easily and quickly accessible. All facilities for daily needs – including supermarkets (NP-Markt), bakeries, public transportation stops, schools, and recreational opportunities – are located in the immediate vicinity within walking distance.