House for sale • 260 m² without real estate, Saxony-Anhalt

Here is the translation:

Due to a delay in another property, we are offloading this renovation project:

• Immediate proximity to the university; located on a side street

• Apartment building; 3 floors + attic; fully basemented

• Completely vacated

• Living area of 200 – 260 m²

• Plot area of 175 m²

• In need of a full renovation

• Financing will be assumed

• (Preliminary) planning is available

• Material will be acquired along with the deal

• Free storage space (approximately 200 m²) will be provided for 1 year

Key figures at a glance:

• Assumption of the existing financing

• Loan volume: €162,000

• Of which €50,000 has NOT yet been disbursed

• Interest rate: 1.42% (fixed until the end of 09/2026)

• Material worth approximately €30,000 is included for the buyer

• We provide the buyer free storage space (approx. 200 m²) for 1 year

Actual purchase price: €1

Calculated purchase price:

  €162,000 assumption of the loan

  – €50,000 (amount not yet disbursed from the above loan)

  – €30,000 material included in the deal

  – €6,480 interest advantage on the €162,000 (currently 1.42% until 09/2026 compared to a current interest offer of 3.42% for 2 years)

  – €2,400 tenant concession for the storage space

  = €73,120 calculated purchase price

Our original plan:

• 2 maisonette units, each approx. 130 m²

• Each with 1 terrace (one a garden terrace on the ground floor, one a roof terrace in the attic), 2 bathrooms (one with a shower; one with a shower and a bathtub), 4 respectively 5 rooms

• Scenario “sale”: 260 m² x €1,250 = €325,000

• Scenario “rental”: 260 m² x €6.50 x 12 months = €20,280 (factor 16)

Location & Building Condition:

The property is located on a side street in immediate proximity to the university. The surrounding buildings are in good condition. Adjacent to the property are buildings of the housing association (mostly small apartments) as well as single-family houses.

The building was constructed in 1913 and has not been developed or maintained for many years. Except for one unit, the building was vacant. The structural condition is acceptable. The roof requires attention during the renovation, but it is leak-free.

The removal of some walls, the clearance, as well as the disposal of debris and waste have already been completed.

Please contact us only if you are genuinely interested! This project is suitable for experienced investors with an appropriate network or their own expertise. We are happy to discuss all the details and the planning.

If you write to me, we can certainly arrange a phone call.