Solid investment with potential in the heart of Neumünster

This attractive apartment building from around 1888 combines historical charm with solid substance and represents an interesting opportunity for investors. The listed ensemble of front and rear buildings offers stable rental income, good lettability and potentially interesting tax structuring options within the framework of monument preservation.

The front building comprises a total of four compact residential units - two on the ground floor and two on the upper floor - which are ideal for singles or couples. The popular apartment sizes ensure a permanently high demand. The roof renovation was carried out to a high standard and, together with the contemporary gable insulation, provides a solid energy basis and preserves the value of the property. The attic (floor area approx. 80 m2) currently offers further expansion potential with two spacious storage rooms. Connections for heating, electricity, fresh water and waste water are already in place.

The current net cold rents in the front building amount to:

-EG right: € 280 (index-linked rent, rental agreement from 09/2019)
-EG left: € 228 (comparative rent, rental agreement from 05/2004)
-OG right: € 275 (index-linked rent, rental agreement from 11/2022)
-OG left: € 305 (index-linked rent, rental agreement from 05/2020)

There is one apartment on each floor in the rear building. A large loft and a communal storage room on the first floor are available to tenants and provide practical storage space.
The current net cold rents in the rear building are:

-EG: € 150 (rental agreement from 03/2011)
-OG: € 295 (rental agreement from 11/2023)
-DG: € 250 plus € 25.56 for the rented garage (rental agreement from 04/2005)

The total annual net cold rent currently amounts to approx. 21,700 €

The well-kept property is idyllically situated directly on the Schwaale in the heart of Neumünster. The property boasts a large garden area that residents enjoy using - some have their own gazebos. A lockable bicycle parking space and a covered garbage can area help to keep the property tidy. A rented garage and three to four further outdoor parking spaces offer additional convenience for tenants and support the good rentability. The size of the plot also offers further development potential in the future, subject to a building permit review.

Heating is currently provided by a gas heating system dating from 2006. According to Stadtwerke Neumünster, there is also the possibility of connecting the building to the extended district heating network in the future.

Overall, this property offers a solid basis for long-term rental income with reserves for value appreciation. The current average rent is only around € 260 per unit and around € 5.80 per m² of living space - a comparatively low level for this central inner city location with a large garden. This opens up scope for market-driven development in future modernizations and new lettings.

Neumünster - centrally located, well connected

The independent city of Neumünster is located in the heart of Schleswig-Holstein and is traditionally regarded as an important business location and transportation hub. With around 80,000 inhabitants, it is the fifth largest city in the state after Kiel, Lübeck, Flensburg and Norderstedt.

Neumünster's convenient location is one of its biggest advantages: the city is located directly on the A7 freeway and the B 205 and B 430 federal highways. The state capital of Kiel is only 30 kilometers away, while Hamburg is around 65 kilometers away. Neumünster also has excellent rail connections - the routes between Hamburg, Kiel and Flensburg run directly through the city, making it an important hub on the way to Scandinavia.

The "Schwale" flows through Neumünster, which joins the "Stör" to the south. Particularly attractive: the Schwale runs directly past the garden and lends the property a natural charm. To the north of the town, the Einfelder See lake and the Dosenmoor moor invite you to take a trip into the countryside. The Baltic seaside resorts of the Bay of Lübeck can be reached in just over an hour by car, while the North Sea coast is around an hour and a half away.

Neumünster combines a manageable, natural living environment with proximity to the wide range of offers of the Hamburg metropolitan region, the state capital Kiel and the popular Baltic Sea coast - a balanced combination that guarantees both living and working quality.

The property is in a prime inner-city location, right in the center of Neumünster. Shopping facilities for daily needs, supermarkets, bakeries and numerous specialist stores are just a few steps away and can be easily reached on foot. Schools, kindergartens and childcare facilities are in the immediate vicinity and ensure short distances in everyday family life. Doctors, pharmacies and other important service providers are also available locally.

The pedestrian zone with its cafés, restaurants and small boutiques offers a lively atmosphere and invites you to take a stroll. Regular weekly markets and events also provide variety. The nearby train station and good public transport connections ensure quick access to the surrounding districts and the neighboring cities of Kiel and Hamburg.

Thanks to the central location, residents can enjoy urban living with all amenities - while parks, green spaces and the Schwale river nearby offer a wide range of opportunities for recreation in the middle of the city.