Flat for sale 3+1 • 71 m² without real estate, Lower Saxony

Offered is a property package consisting of a three-room apartment on the second floor and a garage with its own land register entry.

The apartment is currently being completely renovated from the ground up; the work is scheduled to be completed at the end of September 2026. The entire electrical installation, all water and wastewater pipes within the apartment, the bathroom, the floor coverings, the interior doors, and the painting work are being renewed. A fitted kitchen with branded appliances is being newly installed. For the buyer, this means that no maintenance expenses for the separate property will be incurred for the foreseeable future.

The apartment is rented as a shared living arrangement through three separate individual tenancy agreements. Each room is rented separately, while the kitchen, bathroom, hallway, and storage room are used in common. This mode of use generates significantly higher rental income than renting to a single party and is supported in Lüneburg by the demand from students and young professionals.

Overview of Key Financial Data:

• Package purchase price: €322,000

• Annual net cold rent: €16,500 (Apartment: €15,300, Garage: €1,200)

• Factor: 19.5

• Gross rental yield: 5.12%

• Monthly service charge for the apartment: €265.00, including an €84.00 contribution to the maintenance reserve

• Monthly service charge for the garage: €14.00

• Property tax: €150.86 and €6.49 annually

The three rooms are rented net cold for €500, €425, and €350 respectively, totaling €1,275 per month. In addition, each room incurs €40 in operating costs and a €95 flat rate for electricity/internet. These flat rates are intended to cover the allocable portions of the service charge, heating and hot water via the supplier, as well as electricity and internet; they are flat rates and not subject to reconciliation. Only the net cold rent is included in the yield calculation.

Another advantage lies in the community itself: The condominium owners’ association has a maintenance reserve of €182,732.94. In 2025, there were no withdrawals; from 2026 the annual contribution was increased to €24,000. Calculatively, €7,674.78 is attributable to this unit.

The apartment will be rented out for the first time after the completion of the renovation; the tenancies will commence on October 1, 2026. Two of the three rooms have already been allocated on a permanent basis with signed contracts, while the selection process is still underway for the third room. The garage is already leased to an external tenant for €100 per month; this tenancy exists independently of the apartment. All tenancy agreements will be submitted together with the draft purchase contract prior to notarization.

The apartment and garage are exclusively sold together.

The property is located in the Lüneburg district of Kaltenmoor. The Wilhelm-Leuschner-Straße bus stop is directly in front of the building, providing direct access to Lüneburg’s city center without the need to transfer.

The district offers complete local amenities with grocery stores, a pharmacy, doctors, and service providers. Daycare centers, a primary school, and secondary schools are within cycling distance, as are sports facilities and green spaces.

Lüneburg is a Hanseatic city, a university location, and a district town with approximately 78,000 inhabitants. The train station, with an hourly connection to Hamburg, is only a few minutes away. The sustained demand for small rental apartments and individual rooms in shared flats is driven by students, commuters, and single-person households.

Apartment after the completion of the works at the end of September 2026:

• Bathroom with a level, tiled shower and glass partition, towel radiator, anthracite floor tiles, light wall tiles

• Fitted kitchen with Bosch appliances: induction cooktop, oven, dishwasher, fridge-freezer combination, extractor hood

• Refurbished parquet floors throughout the apartment; new flooring in the kitchen; white interior doors, white skirting boards, freshly painted walls

• Electrical installation renewed according to VDE standards (VDE 0100 compliant), water and wastewater pipes within the apartment completely renewed

• All windows in plastic with double glazing; replacement was not necessary

• Apartment entrance door refurbished, new security lock with security card

• Loggia facing west with views over the park-like green area, not facing the street; access via the largest room

• Washing machine connection in the bathroom

• Storage room within the apartment as well as a private basement storage room

Building:

• Elevator from the ground floor to the 5th floor

• District heating supply, energy efficiency class B

• Laundry room, drying room, and bicycle storage in the basement

• 28 residential units, maintained and professionally managed community

Garage:

• Row garage with a manual door in the basement of a parking structure

• Separate land register entry, own co-ownership share

The sale is commission-free and exclusively as a package consisting of Apartment No. 12 and Garage No. 20.

The following documents are available and will be provided to serious interested parties upon contact:

• Declarations of division with allocation plans

• Land register excerpts for both units

• Minutes of the owners’ meetings and a compilation of resolutions

• Financial plans for 2026 and 2027, service charge statement for 2025, proof of the maintenance reserve

• Energy certificate and floor plan

• Specification of the renovation work, to be supplemented after completion by the acceptance protocol and technical documentation

• Official land value information from the Committee of Experts for Real Estate Values in Lüneburg as of January 1, 2026

The renovation is being carried out by a specialist company and will be completed at the end of September 2026. The warranty period amounts to five years after acceptance according to the German Civil Code (BGB). The claims under warranty will be assigned to the buyer in the purchase contract; the order documents, specifications, acceptance protocol, as well as the technical documentation including the electrical measurement protocol and tightness test will be handed over.

The purchase contract specifies separately the land-related portion as well as the value of the fitted kitchen including appliances. The land portion is derived from the official land value information, the kitchen value from the purchase invoices; both proofs will be attached to the draft purchase contract. Approximately 83 m² of land is allocated to the apartment. Since the apartment is handed over completely renovated, no acquisition-related renovation expenses will arise for the buyer. Please have the tax implications reviewed by your tax advisor; we do not provide tax advice.

The transfer of benefits and burdens will take place after notarization and payment of the purchase price, with the date being coordinated individually.

Imprint

DCB Projektentwicklung GmbH, Heiligengeiststraße 16, 21335 Lüneburg

Managing Director: Dennis Christian Bosse

Phone: 04131 2847451 · dcbpe@dcb-immobiliengruppe.de

Register Court: Amtsgericht Lüneburg, HRB 212651

VAT ID: DE362623855

Permission pursuant to Section 34c (1) of the Trade Regulation Act (GewO), issued by the IHK Lüneburg-Wolfsburg, Am Sande 1, 21335 Lüneburg, which is also the competent supervisory authority.

We are neither required nor willing to participate in an alternative dispute resolution procedure before a consumer arbitration board.