House for sale • 308 m² without real estateNeumünster Neumünster Schleswig-Holstein 24534

Below is the translation of the text delimited by the tag:

This attractive multi-family building dating from around 1888 combines historical charm with solid construction and represents an interesting opportunity for capital investors. The listed ensemble of the front and rear building offers stable rental income, good rental appeal, and possibly interesting tax planning options within the framework of monument preservation.

The front building comprises a total of four compact residential units – two each on the ground and upper floors – which are ideal for singles or couples. The popular apartment sizes ensure a consistently high demand. The roof renovation was carried out to a high standard and, along with the modern gable insulation, provides a sound energy basis and helps preserve the property’s value. The attic (approx. 80 m² floor area) offers additional development potential with its two currently spacious storage rooms. Connections for heating, electricity, fresh water, and wastewater are already in place.

In the front building, the current net cold rents amount to:

– Ground floor right: €280 (index rent, lease from 09/2019)

– Ground floor left: €228 (comparative rent, lease from 05/2004)

– Upper floor right: €275 (index rent, lease from 11/2022)

– Upper floor left: €305 (index rent, lease from 05/2020)

In the rear building, there is one apartment on each floor. A large loft as well as a communal storage room on the ground floor are available to the tenants, providing practical storage space. The current net cold rents in the rear building are:

– Ground floor: €150 (lease from 03/2011)

– Upper floor: €295 (lease from 11/2023)

– Attic: €250 plus €40 for the rented garage (lease from 04/2005)

The total annual net cold rent currently amounts to approximately €21,876.

The well-maintained property is idyllically located directly by the Schwaale in the heart of Neumünster. The property impresses with a large garden area that residents enjoy using – some even have their own garden huts. A lockable bicycle parking space as well as a covered area for garbage bins help maintain order on the premises. A rented garage and three to four additional outdoor parking spaces offer extra convenience for tenants and support the good rental appeal. In addition, the property’s size – subject to a building regulation review – also offers further development potential in the long term.

The heating is currently provided by a gas boiler from 2006. According to the Neumünster municipal utilities, there is also the possibility in the future to connect the building to the expanded district heating network.

Overall, this property offers a solid basis for long-term rental income with room for appreciation. The current average rent is only around €260 per unit and approximately €5.80 per m² of living space – a comparatively low level for this central inner-city location with a large garden. This opens up potential for market-adjusted development during future modernizations and re-letings.

Neumünster – centrally located, excellently connected

In the heart of Schleswig-Holstein is the independent city of Neumünster, which is traditionally considered an important economic location and a key transport hub. With around 80,000 inhabitants, it is the fifth-largest city in the state after Kiel, Lübeck, Flensburg, and Norderstedt.

Its advantageous transport location is one of Neumünster’s biggest selling points: The city lies directly on the A7 motorway as well as the federal roads B205 and B430. The state capital Kiel is only 30 kilometers away, and Hamburg can be reached in about 65 kilometers. Neumünster is also excellently connected by rail – the routes between Hamburg, Kiel, and Flensburg run directly through the city, making it an important hub on the way to Scandinavia.

The “Schwale” river flows through Neumünster and empties into the “Stör” further south. Particularly appealing is the fact that the Schwale runs right past the garden, giving the property a natural charm. To the north of the city, the Einfelder See and the Dosenmoor invite excursions into nature. The Baltic Sea resorts of the Lübeck Bay can be reached in just over an hour by car, while the North Sea coast lies about an hour and a half away.

Neumünster combines a manageable, nature-connected residential environment with proximity to the diverse offerings of the Hamburg metropolitan region, the state capital Kiel, and the popular Baltic Sea coast – a balanced combination that ensures both high living and working quality.

The property is situated in the best inner-city location, right in the center of Neumünster. Shopping facilities for daily needs, supermarkets, bakeries as well as numerous specialty stores are just a few steps away and easily accessible on foot. Schools, kindergartens, and childcare facilities are in the vicinity, ensuring short distances in family life. Doctors, pharmacies, and other important service providers are also available on site.

The pedestrian zone with its cafés, restaurants, and small boutiques offers a lively atmosphere and invites leisurely strolls. In addition, regular weekly markets and events provide variety. The nearby train station and the good connection to public transport guarantee quick access to the surrounding city districts as well as the neighboring cities of Kiel and Hamburg.

Thanks to the central location, residents enjoy urban living with all its amenities – while parks, green spaces, and the Schwale nearby offer diverse opportunities for relaxation right in the city.

Features with Potential and a Solid Foundation

The apartments are presented in an overall functional, well-maintained condition with fittings that differ depending on the level of renovation. In general, all bathrooms are tiled, while the floor coverings in the living areas consist of laminate, PVC, or carpet.

In the front building, modernization has already been carried out selectively in recent years:

• The apartment on the ground floor (right) was comprehensively modernized in 2017 and offers a contemporary standard.

• The apartment on the ground floor (left) has a simple but well-maintained standard with PVC and laminate floors; the bathroom and kitchen were partially renewed here in 2024.

• On the upper floor (right), the laminate flooring was replaced in 2018.

• The apartment on the upper floor (left) received a new fitted kitchen and also new laminate flooring in 2020.

In the rear building, the condition is mixed:

• The ground floor area is currently not rented independently but is used as an extension and hobby room by the tenants of the attic apartment – here, there is long-term potential for reconfiguration.

• The apartment on the upper floor was comprehensively renovated in 2023: the bathroom, electrical installations, and floor coverings were renewed, and the kitchen modernization is currently underway.

• The attic apartment is in a well-kept, tidy condition and is appreciated by the tenants.

With this solid equipment, the property offers a stable rental foundation – at the same time, there is the possibility through targeted modernizations to further increase the residential value and generate additional long-term rental income.

Out of consideration for the privacy of the current tenants, no current photos of the apartment are available.

The heating is currently provided by a gas boiler from 2006; according to Neumünster municipal utilities, there is also the possibility to connect the building in the future to the planned expanded district heating network.

With its solid equipment, the property offers a stable basis for leasing – while at the same time there is the opportunity to further enhance the living value and generate additional long-term rental income through targeted modernizations. The generous garden not only contributes to high living quality but could – subject to a building regulation review – also offer further development potential in the future.

Broker inquiries are unwanted and will not be processed.

The property description in the exposé is provided solely for initial information and is not to be understood as a contractual specification of the property’s condition in the purchase contract. Deviations remain reserved. In particular, the information regarding living and usable areas is to be understood as approximate values due to the building’s history and should be verified by the buyer.

The information does not constitute any guarantee.

All details in the exposé have been compiled with the utmost care, but they are based on the seller’s information and are provided without any guarantee. Liability for the accuracy and completeness of the information is excluded.