Renovate, rent out, and profit.

Commercial space, 8 residential units, garages, and potential for further development in a central location.

This versatile residential and commercial building offers investors an attractive investment opportunity with significant potential for appreciation and development. Situated on a generous plot of approximately 1,664 m², the property comprises eight residential units, one commercial unit, and eight rented garages. The total residential area is approximately 483 m², distributed across eight apartments with a total of 14 rooms. This includes six 2-room apartments and two 1-room apartments, catering to diverse tenant demographics. The property is further enhanced by a commercial unit with approximately 445 m² of usable space, offering additional revenue potential. Currently, three apartments are rented, while the remaining units are vacant in anticipation of the sale. This presents the buyer with the opportunity to undertake comprehensive modernization measures and subsequently restructure the rental agreements to market-appropriate terms. Both the residential units and the commercial space are in need of renovation, offering investors the opportunity to enhance the property and achieve attractive long-term returns. A particular highlight is the undeveloped attic space, with approximately 100 m², which offers further development potential for additional living space – subject to the necessary permits. The heating is provided by an oil-fired system, which has been regularly and professionally maintained. According to the energy performance certificate, the building has a final energy consumption of 76.6 kWh (m²-a) and therefore falls within energy efficiency class C. The property also includes eight garages, which are currently fully rented and therefore already generate stable rental income. The spacious garden area is available for communal use by all residents, further enhancing the quality of life.

Overview of the units:
Commercial space: 424.55 m² - vacant
Apartment 2, Entrance 1, 1st floor, left: 64.78 m² - 2 rooms - rented
Apartment 3, Entrance 1, 1st floor, left: 58.11 m² - 2 rooms - vacant
Apartment 4, Entrance 1, 1st floor, right: ... Apartment 1: Right side, 2nd floor - 82.94 m² - 2 rooms - vacant
Apartment 2: Entrance 2 - Left side - 44.76 m² - 1 room - rented
Apartment 3: Entrance 2 - Right side - 42.39 m² - 1 room - vacant
Apartment 4: Garden level - Garden apartment - 71.43 m² - 2 rooms - rented
Apartment 5: Entrance 1 - 2nd floor, right side - 59.75 m² - 2 rooms - vacant
Apartment 6: Entrance 1 - 2nd floor, left side - 59.75 m² - 2 rooms - vacant
Unfinished space: Entrance 2 - Attic - 100 m² - vacant

Highlights at a glance:
• Multi-family building with commercial space
• Approximately 483 m² of living space
• Approximately 445 m² of commercial space
• 8 apartments
• 6 x 2-room apartments
• 2 x 1-room apartments
• Total of 14 rooms
• Approximately 100 m² of unfinished space in the attic
• Property size: approximately 1,664 m²
• 3 apartments rented, remaining units vacant
• All living and commercial units require renovation
• 8 garages, all fully rented
• Spacious communal garden
• Oil-fired central heating, regularly maintained
• High development potential for investors

Conclusion:
This is a rare opportunity for investors seeking a high-yield property with significant development potential. The combination of living and commercial space, existing rental income, unfinished space, and numerous vacant units provides ideal conditions for a comprehensive repositioning and sustainable increase in value.

The multi-family building is located in a central area of Lamspringe, on one of the most important traffic and commercial routes in this state-recognized resort town in the southern district of Hildesheim. The property is situated in the historic town center and benefits from excellent local amenities, as well as easy access to shops, services, restaurants, and public facilities. Lamspringe is characterized by its high quality of life and leisure opportunities. The town is located in a picturesque area between the Leinebergland and the foothills of the Harz mountains, and boasts a well-developed infrastructure. Numerous cycling and hiking trails, cultural attractions, and the historic monastery complex create an attractive living environment for a variety of people. Bus stops with connections to surrounding towns and cities are within walking distance. The nearby state and federal roads provide quick access to Bad Gandersheim, Alfeld, Hildesheim, and the A7 motorway. The nearest train stations are located in Bodenburg, Freden, and Bad Gandersheim. The central location, within the main street, combines the advantages of a good infrastructure with the benefits of a well-established residential area. This makes the property a potentially attractive long-term investment.