Flat for sale 1 bedroom • 39 m² without real estate, Lower Saxony

Offered is a package comprising a one-room apartment on the 5th floor and a garage with its own land register entry.

The apartment is currently being completely renovated; the work will be completed at the end of September 2026. The entire electrical installation is being renewed, all water pipes within the apartment are being replaced, as well as the bathroom, floor coverings, and painting work. A fitted kitchen with premium Bosch appliances is being newly installed. For the buyer, this means no foreseeable maintenance expenses on the individually owned property.

An overview of the economics:

• Package purchase price: €176,000

• Annual net cold rent: €9,000 (apartment €7,800, garage €1,200)

• Factor: 19.6

• Gross rental yield: 5.11%

• Service charge for the apartment: €159.00 per month, which includes a contribution of €45.60 to the maintenance reserve

• Service charge for the garage: €14.00 per month

• Property tax: €81.76 and €6.49 annually

Heating and hot water are billed directly per unit by the supplier and are not included in the service charge. They are passed on to the tenant via the advance payment for ancillary costs, so they do not permanently burden the owner.

Another advantage lies in the community itself: the condominium owners’ association has a maintenance reserve of €182,732.94. In 2025, there were no deductions, and the annual contribution was increased to €24,000 from 2026 onwards. Calculated, €4,166.31 is allocated to this unit.

The apartment will be rented out for the first time after the completion of the renovation. The selection process is underway, and several applications have been received. The garage is already rented to an external tenant for €100 per month; the rental agreement exists independently of the apartment. All rental contracts will be submitted together with the draft purchase contract prior to notarization.

The apartment and the garage are to be sold exclusively together.

The property is located in Lüneburg’s Kaltenmoor district. The bus stop at Wilhelm-Leuschner-Straße is located right in front of the building, making the Lüneburg city center reachable without any transfers.

The district features a complete local supply 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 areas.

Lüneburg is a Hanseatic city, a university town, and a county seat with approximately 78,000 inhabitants. The train station, with an hourly connection to Hamburg, is just a few minutes away. The continued demand for small rental apartments is supported by students, commuters, and single-person households.

Apartment after completion of the work 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, built-in refrigerator, extractor hood

• New floor coverings, white interior doors, white skirting boards, freshly painted walls

• Electrical installation renewed in accordance with VDE after VDE 0100, water and sewage pipes within the apartment completely renewed

• Loggia facing west

• Washing machine connection in the bathroom

• Storage room in 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, well-maintained and professionally managed community

Garage:

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

• Separate land register entry, individual co-ownership share

The sale is commission-free and exclusively as a package consisting of Apartment No. 23 and Garage No. 31.

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

• Declarations of division with floor plans

• Land register excerpts for both units

• Minutes of the owners’ meetings and collection of resolutions

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

• Energy performance certificate and floor plan

• Service description of the renovation; upon completion, this will be supplemented by the acceptance protocol and technical documentation

• Official standard land value information from the Lüneburg Valuation Committee as of January 1, 2026

The renovation is being carried out by a specialized company and will be completed at the end of September 2026. The warranty period is five years from acceptance according to the German Civil Code (BGB). The claims will be assigned to the buyer in the purchase contract; the contract documents, service description, acceptance protocol, and technical documentation—including the electrical measurement protocol and leak test—will be handed over.

The purchase contract separately itemizes the share pertaining to the land and the value of the fitted kitchen, including appliances. The land component is derived from the official standard land value information, and the kitchen value from the purchase invoices; both proofs will be attached to the draft purchase contract. The apartment carries a land share of approximately 45 m². Since the apartment is being handed over completely renovated, the buyer will not incur any acquisition-related renovation expenses. Please have the tax implications reviewed by your tax advisor; we do not provide tax advice.

The transfer of rights and obligations occurs after notarization and payment of the purchase price; the timing will be arranged individually.

Imprint

DCB Projektentwicklung GmbH, Heiligengeiststraße 16, 21335 Lüneburg

Managing Director: Dennis Christian Bosse

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

Registry court: District Court of Lüneburg, HRB 212651

VAT ID: DE362623855

Permission according to § 34c para. 1 of the German Trade Regulation Act (GewO), granted by the Chamber of Industry and Commerce Lüneburg-Wolfsburg, Am Sande 1, 21335 Lüneburg, which is also the responsible supervisory authority.

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