Investment property with character and potential - fully let.

The properties consist of a historic residential complex with charm and character, whose origins can be traced back to 1909. According to the documentation, further construction and renovation work was carried out in 1930. The building complex presents itself as a classic old building with red brick, timber-frame elements, and a historically typical appearance characteristic of Lüneburg. It is a listed building, and therefore specifically targets buyers who appreciate the unique appeal of historic buildings and are willing to engage with the requirements and opportunities of historic preservation. The total living area is approximately 274 square meters, distributed across five residential units. The property includes a plot of approximately 177 square meters. In addition, the property features a crawl space and a small backyard with two sheds, which can be used for storage or as ancillary spaces. Currently, all five residential units are rented out, with mostly very long-term lease agreements. Three of the five apartments are rented to a social welfare organization, two of which have been for over 20 years. The ground-floor apartment has been rented to the same tenant for nearly 40 years. This provides a stable and proven income stream, giving the buyer time for planning and gradual development. The apartment on the first floor, to the right, was renovated a few years ago. The ground-floor apartment, on the other hand, has potential for future renovation. However, there is significant potential for rent increases when the property is re-let in the future – adjusting the rent to approximately double its current level appears realistic. The property is heated by a gas central heating system (natural gas). The energy performance certificate from 2020 indicates an energy efficiency class of D and an energy consumption of 118 kWh/(m²·year).

The two-unit residential building is located in the western old town of Lüneburg.

The location is characterized by a quiet, predominantly residential area, providing stable conditions for sustainable rental income.

Lüneburg experiences consistently high demand for housing due to its historic old town, the Leuphana University, and its role as a regional economic center. Classic residential locations with good transport links and proximity to the city center are particularly attractive to investors. The Obere Ohlinger Straße meets these criteria to a significant extent.

The city center, the main train station, and the university are all easily accessible in a short amount of time. Furthermore, the A39 motorway provides a quick connection to Hamburg.