Commission-free – with a stable cash flow and growth potential.

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 pre-war building with red brick, timber framing elements, and a historically characteristic appearance typical of Lüneburg. It is a listed building, specifically targeting buyers who appreciate the unique appeal of historic buildings and are willing to engage with the requirements and opportunities of heritage protection. 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 ancillary purposes. Currently, all five residential units are rented out, with predominantly long-term lease agreements in place. Three of the five apartments are leased to a social welfare organization, two of which have been leased 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. Due to the long-standing tenancy, renovation and modernization work should be factored in for future tenant changes, which simultaneously create opportunities for sustainable value and profit increases. In the event of a future re-letting, there is significant potential for increased rental income – it appears realistic to adjust the ground-floor apartment to a level approximately twice as high. The heating is provided by a central gas heating system (natural gas). The energy certificate from 2020 indicates an energy efficiency class of D and an energy consumption of 118 kWh/(m²·a).

The two-unit residential building is located in the western part of the historic city center of Lüneburg.

The location is characterized by a peaceful, predominantly residential environment, which provides stable conditions for sustainable rental income.

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

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