House for sale • 470 m² without real estateHeikendorfer Weg 68 Kiel Neumühlen-Dietrichsdorf Schleswig-Holstein 24149

In the multi-family house there are 12 apartments, each with approximately 30 square meters of living space – a size in high demand. In addition, there are 4 garages located in the rear courtyard.

A land registry sheet has been created for each apartment. The entire property is divided according to the Condominium Act (WEG). However, all the apartments are offered as a complete package. The gas central heating system with hot water preparation is 7 years old.

The Kiel district of Dietrichsdorf, with approximately 12,000 residents, is situated on the eastern shore of Kiel Fjord. Kindergartens, a primary school, and a comprehensive school can be found in the immediate vicinity. The Kiel University of Applied Sciences is within sight of the property. There are also shopping facilities, doctors, pharmacies, cultural amenities, and a wide variety of sports and leisure opportunities around Kiel Fjord.

By car, you can reach Kiel’s city center in about 15 minutes, with only a few more minutes needed by bicycle. Additionally, there is a good bus connection available, with a bus stop located 50 meters from the property.

Each apartment features a bathroom with a shower; most have been completely re-tiled within the last 10 years. Each living room has access to a small kitchen alcove.

There is a partition declaration for the property. The building is divided into 11 apartments. The apartment in the basement was added later. Since there has previously been only one owner for all apartments, this division had not been significant. However, the future buyer will have the possibility to sell the apartments individually.

Rental Guarantee:

If desired, the entire building can be rented from the seller for a net annual rent of €50,040 (excluding heating costs) with a fixed term of 11 years.

In this case, the buyer would have only one tenant – namely myself – and I would take care of the leasing. There is no option to raise the rent within the next 11 years. All ancillary costs and renovations during this period would be borne by the tenant (i.e. me).

The tenant is allowed to sublet.

Furthermore, the tenant is willing to offer the buyer a loan of €232,000 at an annual interest rate of 3.5%, provided that the buyer only finances 80% of the purchase price. The associated mortgage will be registered in the second position. The annual repayment is €21,000, which may be offset against the rent.