House for sale • 582 m² without real estateBremen Neustadt Bremen 28199

Property Overview

Year Built: 1950

Units: 5 apartments, 1 office

Residential Area: 375.6 m²

Office Area: 55 m², with a full basement

Units in Detail

Ground Floor Left (Apartment)

• Electrical system and bathroom updated in the 1990s

• Hot water provided via an electronic instantaneous water heater

• Fitted kitchen available

Ground Floor Right (Office)

• Complete renovation in 2014

• New electrical installation

• Modern sanitary fittings

Second Floor (2 apartments per floor)

• Comprehensive modernization in 2012

• New electrical system and high-quality bathrooms

• Floor coverings: laminate & granite

• Fitted kitchens from Ikea

Technical Equipment

• Central hot water production with a Hansa gas boiler for all units (except Ground Floor Left)

• Vaillant gas boiler (built in 2012) with heat quantity meters per unit

• Roof and roof structure renewed in the 1990s

• Separate electricity and water meters for each apartment (Supplier: Wesernetz)

Economic Key Figures

• Annual Net Rent: approx. €62,500

• Average Rent: approx. €12.00/m²

Sale

Direct from the owner – realistic purchase price offers are requested. Errors and prior sale are reserved.

This attractive multi-family house in 28199 Bremen-Alte Neustadt is located on a quiet one-way street and benefits from its immediate proximity to the new “Chocolate Quarter” (formerly the Hachez grounds). The excellent infrastructure makes it an ideal investment:

• Historic ramparts with parking areas that invite relaxed strolls, just a few meters away

• University of Applied Sciences and Südbad in the immediate vicinity

• Supermarkets within a 100–200 m radius

• The Schlachte—with its variety of restaurants and bars—is about an 8-minute walk away

• City hall and a lively pedestrian zone are about a 12-minute walk away

Thanks to this location, your future tenants will enjoy short distances to education, recreation, and urban life – a compelling argument for long-term value appreciation and attractive rental yields.

There is also the option of adding additional levels to the building due to its distinctive corner location. After preliminary discussions with the responsible building authority, it might be possible to realize up to approximately 303 m² of additional residential space.

For an initial assessment, a feasibility study conducted by a renowned Bremen architecture firm is available. On the directly adjacent neighboring property, a new building with four full floors plus an attic has already been approved.

Please note that all information is non-binding and does not guarantee a building permit. A final review by the building authority, as well as individual consultation, is required.

The residential and commercial building is located in an attractive mixed-use area which, in addition to traditional residential and office uses, also allows for other commercial concepts. In particular, short-term furnished rentals – such as worker accommodations, serviced apartments, or vacation rentals through platforms like Airbnb – can generally be more easily implemented here than in purely residential areas. Please ensure that any usage concepts beyond pure residential or office use are definitively and necessarily coordinated with the respective building and regulatory authorities prior to contract signing. I do not guarantee the eligibility for approval of these short-term rental models.

Under certain conditions, energy-efficient renovation measures may be funded under the KfW Program 261 – with repayment grants of up to 40%. Similarly, a conversion from non-residential to residential space, for example through additional levels or structural expansion, could be eligible for funding under certain conditions.

Whether and to what extent KfW funding is actually possible depends on the individual property as well as a technical and case-specific funding review. I recommend discussing your project in advance with a certified energy advisor and your financing bank.

For further information, please visit the KfW website:

https://www.kfw.de/inlandsfoerderung/Privatpersonen/Bestehende-Immobilie/Förderprodukte/Bundesförderung-für-effiziente-Gebäude-Wohngebäude-Kredit-(261-262)/