Flat for sale 1 bedroom • 24 m² without real estateGodramsteiner Str 1 Landau Landau in der Pfalz Rheinland-Pfalz 76829

Here is the translation of the text:

Regarding the offered property, it is a one-room/kitchen/bathroom apartment in a student residence centrally located in Landau and only a few hundred meters from the university campus.

The apartment is 24 square meters in size and is divided into an entrance area, a main room with a floor-to-ceiling window, a French balcony, and a view of the greenery, a separate kitchen with a kitchenette, and a tiled bathroom with a sink, toilet, and shower cabin. The apartment is in a newly renovated condition. It has been freshly wallpapered, all interior doors as well as all sockets and switches have been replaced, and both the shower and the bathroom floor have been newly tiled. The kitchenette is also new.

The apartment is rented to a student who is expected to study at the University of Landau for at least another three years. The net cold rent amounts to 405€ per month. This results in a very attractive gross rental yield of over 4.5% for Landau, especially given the condition of the apartment (the average for new leases as per the Homeday Price Atlas is 3.7%). As additional security, the student’s father is also included in the lease agreement. There are no rental disputes.

The non-recoverable portion of the service charge amounts to 40€.

The property’s maintenance reserve is approximately 200,000€. Most recently, the renewal of the heating system was discussed. The decision on this matter is in the final stages and will likely result in either a central heat pump or a solution using split air conditioning units. In both cases, the building will be heated entirely with renewable energy in the future, thus resolving the issues related to the "ban on fossil energy carriers" and "the shifting of the CO2 price onto the landlord."

The special levy resulting from the heating system renovation will be assumed by me as the seller.

The property is excellently suited as an investment for the following reasons:

- Very good rentability, as student residences are highly popular among students and the university is just a few hundred meters away.

- There is a caretaker who looks after the property and handles minor repairs in the apartments.

- Student residences represent a special form of housing where many rental law restrictions do not apply. For instance, neither the restrictions of the rent index nor the rent brake apply, and tenants can only terminate the lease at the end of the semester.

This makes rent adjustments easier and facilitates re-letting, as there is always particularly high demand at the beginning of the semester.