Attractive and lucrative apartment building in a popular old town location in Lüneburg

For sale is a beautiful and very centrally located residential and commercial building in Lüneburg's old town from the Wilhelminian era - consisting of 4 units: 3 bright apartments in old buildings with beautiful floorboards + 1 modern commercial unit on the first floor. All units are conveniently located on their own floor and each have a separate gas boiler and a separate electricity meter.

On the first floor is the well-running business, above it on the 1st + 2nd + 3rd floors are the three pretty apartments in old buildings with a view of the old town with its popular shopping streets and cafés, which is extremely popular not only with Lüneburgers and Hamburgers, but also with tourists and students.

It can be rented out very well due to the beautiful bright rooms and the good location - within walking distance of the train station with a fast connection to Hamburg - and the pretty old town center with many restaurants, stores and cafés. The residential and commercial building has a full basement.

Lüneburg is a popular tourist and university town and is one of the most popular residential areas.
The building is a listed building, so that (if there is a desire for modernization) the positive aspects with regard to depreciation etc. can be used and the purchaser can make use of urban development subsidies for modernization. However, the latter are not mandatory. Another positive aspect is the exemption from various legal requirements, e.g. with regard to insulation.

The property could of course also be completely designed as living space and could comprise between 3 and 5 apartments.
The currently rented area of the property with the 4 units is 345 m².

The current rental income amounts to EUR 51,500 per year. The potential future rental income could amount to EUR 63,000. A further 30 m² of rental space in the basement, e.g. for the expansion of the business (or as storage space), would be possible, so that the total area to be rented would be 375 m².

Part of the basement could be converted for additional rental income by extending the area of the commercial unit on the ground floor. The storage rooms of the apartments would be retained. There is a parking space in the inner courtyard, which is rented to the commercial unit on the ground floor.

All apartments are very bright and friendly. The substance of the house is well preserved and is durable and solid due to the robust strength of the walls and the high-quality construction methods of the time. The top floor apartment has been vacant since 15.03.2024 and would be ready for immediate occupancy. The apartment on the 3rd floor could therefore be occupied immediately by the buyer himself or could alternatively be rented out immediately. There are enough interested parties.

Lüneburg is a popular tourist and university town and ranks among the top preferred residential areas.