Student dormitory in Clausthal-Zellerfeld.

Student residence with 13 units and development potential in Clausthal-Zellerfeld.

For sale is a student residence comprising a total of 13 units in Clausthal-Zellerfeld. The property offers an interesting combination of already rented units, ongoing or planned renovation work, and further development potential. I acquired the property in 2022 for €400,000. Following a water damage incident in the ground floor, the affected area has been completely stripped out. As part of this work, the water pipes on the ground floor have been replaced. One of the apartments on the ground floor has already been completely renovated. The pipes in the second apartment have been replaced; the interior finishing still needs to be completed. In addition, three further apartments are undergoing complete renovation and will be delivered ready for occupancy. Depending on the buyer's preference, these units can be delivered either rented or vacant. Four further apartments, which have not been renovated, will be delivered in their current, rented condition. Four additional apartments could either be rented out immediately. I had originally intended to renovate them, but this would be left to the buyer's discretion. Further measures already implemented:
* Replacement of the gas boiler in 2025.
* Renovation of the terrace in the courtyard.
* Replacement of the water pipes on the ground floor.
* Complete renovation of a ground floor apartment.
* Preparation of further units for renovation.
* All electrical wiring is in excellent condition and approximately 30 years old. * Each apartment has its own electricity meter and water meter.
* The water pipes are also 30 years old. However, there have been some leaks at the soldered joints, which is why the renovation work has begun. * The facade facing the street is a protected historical building. * Double-glazed windows in all apartments, courtyard, and exterior areas.
The property features a secure courtyard with a renovated terrace. Additionally, residents have access to a covered bicycle storage area, which is a practical benefit, especially for rentals targeted at students. There is also a large, covered shed. Uses and potential:
The student residence is particularly suitable for investors seeking a property with existing rental income and additional development potential. The property can be developed incrementally due to the varying conditions of the residential units. The renovated or renovation-ready apartments offer the opportunity to generate additional or higher rental income in the near future. At the same time, the already rented units provide a stable income base. The handover of the renovated units can be arranged either with tenants or without, providing the buyer with flexibility in their rental strategy.

Reason for Sale:
Key Features:
* Student dormitory with 13 residential units.
* Partially rented.
* Renovated and renovation-ready units.
* Gas heating system from 2025.
* Enclosed courtyard.
* Renovated terrace.
* Covered bicycle storage area.
* Flexible handover of individual units, arranged by agreement.
* Private sale without additional buyer commission.

The property is located in Clausthal-Zellerfeld, a well-established university town in the Upper Harz region. Due to the presence of the Clausthal University of Technology, there is a consistent demand for student accommodation in the area. Essential amenities, shopping facilities, and other urban services are easily accessible in Clausthal-Zellerfeld.

The combination of a university location, a relatively small town size, and comparatively affordable housing makes this location particularly attractive, especially for students. (tu-clausthal.de)