House for sale • 1560 m² without real estateAchtermoor 19 und 21, , Schleswig-Holstein

Below is the translation of the text marked with the tag into English:

Commission-free from the Owner: 29 Units in Achtermoor – €3.58 Million (Significant Upside Potential at House 21: Current Rent €7.61/m² vs. Market €11.75–€13.49/m²)

Important Notice

No broker inquiries wanted! The sale is made exclusively directly from the owner to capital investors and investment funds.

Key Data at a Glance

Purchase Price

Achtermoor 19: — | Achtermoor 21: — Entire Package: €3,580,000 (commission-free)

Price-to-Earnings Ratio (Current):

Achtermoor 19: — | Achtermoor 21: — | Entire Package: 20.9 times

Price per m² of Living Area:

Achtermoor 19: — | Achtermoor 21: — | Entire Package: €2,295/m²

Year Built:

Achtermoor 19: circa 1966 | Achtermoor 21: circa 1970 | Entire Package: 1966/1970

Plot Size:

Achtermoor 19: approx. 3,220 m² | Achtermoor 21: approx. 1,939 m² | Entire Package: approx. 5,159 m²

Living Area:

Achtermoor 19: approx. 770 m² | Achtermoor 21: approx. 790 m² | Entire Package: approx. 1,560 m²

Residential Units:

Achtermoor 19: 17 (1-3 rooms) | Achtermoor 21: 12 (2-3.5 rooms) | Entire Package: 29 units

Parking Spaces / Garages:

Achtermoor 19: 8 garages | Achtermoor 21: — | Entire Package: 8 garages

Current Rent per m²:

Achtermoor 19: €10.14/m² | Achtermoor 21: €7.61/m² | Entire Package: Ø €8.86/m²

Net Cold Rent (monthly current):

Achtermoor 19: €8,209 (including garages) | Achtermoor 21: €6,018 | Entire Package: €14,227 (or €170,724 p.a.)

Property & Investment Description

For sale is a solid and high-yield real estate package directly from the owner. The package comprises two adjacent multi-family houses on a total area of approx. 5,159 m².

• Achtermoor 19: 17 well-designed residential units (1- to 3-room apartments) as well as 8 individual garages. The average current rent is €10.14/m².

• Achtermoor 21: 12 spacious residential units with 2 to 3.5 rooms. With a current average rent of only €7.61/m², this property offers excellent upside potential.

• Building Technology: Central heating for both properties is provided by a gas central heating system from 2003 (located in House 21).

Special Highlights for Investors

• Differentiated Rental Structure & Upside Potential: While House 19 already delivers stable returns (€10.14/m²), there is significant room for improvement especially in House 21 (€7.61/m²). With a gradual adjustment to the locally and market-typical new lease rate of €11.75 to €13.49/m², the total income can increase to between €225,000 and €257,500 p.a. This lowers the effective multiplier for the investor to between 15.3 and 17.6 times.

• Commission-Free Acquisition: No broker fee for the buyer.

• Solid Tenant Structure: Fully let property with established tenancies and a varied mix of apartments (1 to 3.5 rooms).

• Diverse Apartment Mix: Efficient layouts of 1- to 3.5-room apartments generate sustainably high tenant demand.

• Large Plot: The total plot size of approx. 5,159 m² offers substantial value and room for future development potential (subject to building regulations review).

Attractive Residential Location with High Quality of Life in the Pinneberg District

The two multi-family houses are located in a quiet and established residential area in 25436 Moorrege, a charming community in the Pinneberg district of Schleswig-Holstein. The surroundings are characterized by a mature, well-maintained neighborhood and offer a successful combination of living close to nature with excellent connectivity to the Hamburg metropolitan area.

• Infrastructure & Shopping: Daily necessities, supermarkets, doctors, pharmacies, and bakeries are found in the immediate vicinity and in the neighboring town of Uetersen, which is just a few minutes away. Schools and kindergartens are also conveniently located in town or in the nearby area.

• Leisure & Recreation: The nearby Pinnau River, idyllic marsh landscapes, as well as various recreational areas and sports clubs, offer high leisure and relaxation value right on your doorstep.

• Transport Connections: With the nearby federal highway B 431, there is optimal access to the regional road network. Surrounding cities such as Elmshorn, Pinneberg, or Wedel, as well as the Hamburg city limits, can be reached by car in a short time. Mobility is further enhanced by several bus lines of the Hamburger Verkehrsverbund (HVV), which guarantee solid public transport connections.

LRL Immobilien KG