House for sale • 474 m² without real estateNeumünster Neumünster Schleswig-Holstein 24536

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An exceptional multi-family house built in solid construction with seven apartments in a terraced house style, offering approximately 384 m² of rentable space, situated on a 1,269 m², fully serviced and meticulously maintained plot in Neumünster Tungendorf.

Additional eligible terrace areas as well as sheds expand the living and usable space to approximately 474 m². The rental building is fully leased and features a highly satisfied tenant structure with clear residential conditions and a sense of community order.

The residential units are of varying sizes and each has its own separate, covered apartment entrance.

The multi-family house was built in 1950. In 1969, a change of use was approved for one apartment, which was previously used as a row of shops.

The exterior area, enclosed by fencing and an electric sliding gate, offers tenants a pleasant sense of privacy. In addition, on the well-kept plot there are various stables, a robust single garage, a carport, and motor vehicle parking spaces.

Noteworthy is the equipment of the largest unit, which can very well be seen as an end-terrace house with 110 m², 5 rooms, and a separate corner plot.

The living area extends over several levels and offers freedom of movement; additionally, a fireplace not only provides cozy moments but also helps save costs.

The heating for the residential units is provided by individual gas heaters, which are installed directly in the respective apartments.

The production of hot water is mostly done by the heating system, with only two apartments using a boiler to generate hot water.

The net rental income per annum currently amounts to €45,720, with an upward trend.

Plus operating costs.

A yield of 6.57%

Heating as well as electricity and water costs are billed directly by the suppliers.

The gas boilers are mostly Junkers, along with one Vaillant, and date from the late '90s.

A preparation for a declaration of division according to the Condominium Act (WEG) is available and can be implemented at any time.

Overview of individual residential units:

Apartment 1:

Ground floor, 2 rooms, 46 m², kitchen, bath, hallway, gas heating, separate entrance

Rent: €440 + €70 operating costs; heating and electricity are billed directly.

Apartment 2:

Ground floor, 2 rooms, 47 m², kitchen, bath, hallway, gas heating, separate entrance

Rent: €420 + €70 operating costs; heating and electricity are billed directly.

Apartment 3:

First floor, 2 rooms, 49 m², kitchen, bath, hallway, gas heating, separate entrance

Rent: €430 + €75 operating costs; heating and electricity are billed directly.

Apartment 4:

Ground floor, 1 room, 32 m², kitchen, bath, hallway, gas heating, separate entrance

Rent: €340 + €50 operating costs; heating and electricity are billed directly.

Apartment 5:

Ground floor, 2 rooms, 46 m², kitchen, bath, hallway, gas heating, separate entrance

Rent: €420 + €70 operating costs; heating and electricity are billed directly.

Apartment 6:

First floor, 2.5 rooms, 54 m², kitchen, bath, hallway, gas heating, separate entrance

Rent: €510 + €100 operating costs; heating and electricity are billed directly.

Apartment 7:

Ground floor + First floor, 5 rooms, 110 m², kitchen, bath, hallway, gas heating, fireplace, share of the plot, separate entrance, parking space

Rent: €1250 + €160 operating costs; heating and electricity are billed directly.

Step rent contract: €1492.57 until 01.09.2031.

The very promising property is located in Neumünster Tungendorf, one of Neumünster’s most popular districts.

Tungendorf is a charming and livable district in the north of Neumünster, right in the heart of Schleswig-Holstein. This district offers excellent infrastructure with all the daily shopping facilities, kindergartens, schools, doctors, pharmacies, banks, recreational facilities, as well as good motorway and bus connections.

Tungendorf is bordered by:

– Kieler Straße in the west

– Preetzer Landstraße in the north

– The Dosenbek stream in the east

– The (disused) railway line Neumünster-Ascheberg in the south.

Approximately 11,700 people live in Neumünster/Tungendorf.

The following schools are located here:

– Rudolf-Tonner-School (primary school)

– Pestalozzi-School (primary, secondary, and intermediate school)

• 7 residential units in a terraced house style

• Solid construction

• Separate apartment entrances

• Gabled roof construction

• Fully rented

• 384 m² of rentable space

• 1,269 m² plot

• Annual net rental income of €45,720 with an upward trend

• Ancillary buildings/stables are not rented

• Robust single garage

• 2018: Carport

• Driveway with parking space

• 2015: Electric sliding gate

• Pleasant privacy

• 2018: Exterior painting of the house

• Fireplace

• Sought-after residential area

• Top tenant structure

• Quiet tenant community