House for sale • 530 m² without real estate, Saxony-Anhalt

Solid investment property in the district town of Halberstadt: eight residential units with around 430 m² of living space, fully rented—with some units under index-linked rental agreements. Additionally, approximately 100 m² of currently unused storage and expansion space is part of the property and can be activated immediately.

THE PROPERTY AT A GLANCE

• Multi-family house, free-standing, 8 residential units

• Approx. 430 m² of living space, approx. 401 m² of plot

• Additionally, approx. 100 m² of storage and expansion space (currently unused)

• Built in 1903, extensively modernized around 2010

• Gas central heating with centralized hot water supply

• Energy efficiency class C – notably above average for a building of this age

• All residential units are rented

INCOME SITUATION

• Actual net cold rent: €32,040 per annum (€2,670 monthly)

• Target net cold rent: approx. €39,650 per annum

• Upside potential: around 24% without any construction measures

• Actual gross yield: 6.42% – Target gross yield: 7.95%

• Actual purchase price factor: 15.6 times – Target: 12.6 times

• Non-allocable costs: approx. €7,045 per annum

The non-allocable costs have been deliberately calculated with a commercially set maintenance reserve and have not been reduced to the actual expenses incurred.

Halberstadt is the district town of the Harz district with around 40,000 inhabitants and serves as a secondary center. The town has complete infrastructure with schools, a hospital, retail, and a train connection; Magdeburg is reachable in around 50 km.

The property is located close to the city center in an established residential area with stable rental demand.

The exact address will be provided to interested buyers upon request.

• Solid multi-family house, built in 1903, comprehensively modernized from 2010 to 2026

• Gas central heating with a centralized hot water supply for the entire property

• Six fitted kitchens are owned by the seller and will be transferred without additional cost

• One unit is equipped with a tenant-provided kitchen, while another unit is used as a large apartment without a fitted kitchen

• Energy efficiency class C for a building from 1903 – an exceptionally high rating for this vintage, implying low heating costs and minimal immediate energy-related concerns

• Approx. 100 m² of storage and ancillary space, currently unused

APPRECIATION POTENTIAL

The income leverage is entirely inherent in the existing portfolio:

1. Legacy Contract – The Largest Single Lever

One unit is bound by a long-term legacy contract clearly below the market level. Upon tenant change, rent can be adjusted immediately to the level achievable at the location.

2. Graduated Rents with Fixed Increases

For two units, a rent increase is already contractually agreed upon and will automatically take effect on 01.07.2027. Additionally, there is further room for adjustment.

3. Unused Storage and Expansion Space

Around 100 m² are currently vacant and generating no income. This space is suitable for rental as storage, a workshop, or for small commercial purposes and can be activated immediately.

4. Index-Linked Rental Agreements in Place

Part of the rental agreements are linked to the consumer price index, automatically adjusting over time.

PURCHASE DETAILS

• Asking price: €499,000 negotiable

• No commission – direct offer from the owner; no broker involved

• Acquisition form: Asset Deal (real estate purchase contract)

• Sale exclusively as a whole property; subdivision into condominiums is not intended

• Handover according to agreement

DOCUMENTS

Upon contact, we will provide the complete property documentation: detailed rental schedules, energy certificate, land register excerpt and cadastral map, valuation report, property photos and floor plans, as well as records of the most recent renovations.

Further interior photos will be provided shortly.

Viewings are possible by appointment. Out of consideration for the tenants, we kindly ask that you refrain from making unscheduled visits.