House for sale • 720 m² without real estateBraunschweig Braunschweig Niedersachsen 38118

This historic residential building in classic clinker brick has been family-owned since the 1920s. Now we are, with a heavy heart, letting it go.

Since the building’s management was always in our own hands, we renovated the apartments to a high standard with personal commitment — always in such a way that we ourselves would like to live in the building.

The maintenance of the building and common property, as well as minor repairs in the apartments, is carried out promptly and very reliably by a building manager/caretaker who lives on site.

We have continuously preserved the building’s fabric; the historic façade was renovated, the roof was re-covered, and all systems were replaced. The attic was subsequently insulated, which has resulted in the building’s energy efficiency rating being slightly above the average for comparable properties.

Additionally, the approximately 200 m² large attic, which is already prepped for further expansion, adds a significant value reserve to the existing 720 m² of living space.

The tenants in the building are academically oriented and considerably younger than average. Combined with the building’s excellent rental appeal, this results in a reliable increase in net yield.

The Western Ring area is a valuable residential neighborhood with quiet side streets, and our building is located in one of them.

It is surrounded by an ensemble of Gründerzeit residential buildings.

Within a few minutes, you can reach a shopping street as well as the connection to five bus lines. By bicycle, the distance to the historic city center, for example the Domplatz, is eight minutes. It takes 10 minutes to reach Braunschweig University of Technology and only one minute by bike to the University of Fine Arts.

The building has four floors, with three apartments per floor measuring 55 m², 58 m², and 67 m².

Eleven out of twelve bathrooms and kitchens have been modernly renovated, and all the apartments feature solid wood parquet or solid wood board flooring.

The overall 405 m² property includes a small, well-maintained garden. The distance to the nearest construction is unusually large, thereby providing plenty of natural light in all the apartments.

The key facts:

- 12 units

- 11 out of 12 apartments already renovated to a high standard, partially with solid wood parquet and completely renewed bathrooms

- Historic brick façade renovated

- Roof re-covered in 2006

- Fully rented to a heterogeneous mix of tenants, mostly with academic backgrounds

- 200 m² attic ready for expansion

This is a commission-free sale by us as the owner family. We kindly ask to refrain from contacting brokers in accordance with § 7 UWG.