128 m² located on Neustadtring | 5 rooms | Parking space | Available for rent with development potential.

For sale is a spacious 5-room apartment with approximately 128 m² of living space, located in a desirable area on Neustadtring in Braunschweig. The apartment is currently rented and, due to its size, current rental income, and overall somewhat used condition, offers interesting potential for development and appreciation. Key details at a glance:

* Approximately 128 m² of living space
* 5 rooms
* Parking space
* Currently rented
* Current gross rent: €600 per month / €7,200 per year
* Rent increase can be reviewed and potentially implemented immediately, in accordance with current assessments and legal requirements.
* Heating via electric storage heaters
* Used condition with potential for modernization
* Spacious layout
* Central location on Neustadtring in Braunschweig
* Attractive for investors and potential future owner-occupiers.

With a current gross rent of only €600 per month for approximately 128 m² of living space, the current rental rate is only around €4.69/m². This fundamentally indicates significant potential for rental growth. A rent increase can be reviewed and, if appropriate, implemented immediately, taking into account the legal requirements. For investors, it may be of interest to use a qualified residual useful life assessment to demonstrate a shorter actual residual useful life for the building, which could potentially lead to a higher annual tax depreciation (AfA). The specific tax implications should be discussed with a tax advisor. At the same time, the apartment may also be attractive to buyers who intend to use it for themselves in the future. Termination due to personal use is generally possible if the legal requirements are met. Based on the information available to us, a statutory notice period of 9 months should be expected for the existing tenancy agreement. The specific requirements and deadlines should be checked independently by the buyer. The apartment is in a generally used condition. In particular, a later modernization could offer additional potential for increasing its value. Currently, the heating is provided by electric storage heaters. The parking space associated with the apartment completes the offering. We would be happy to provide further information about the existing lease agreement and any available property documents to those seriously interested. Please also let us know if you have already discussed a financing plan with your bank. Due to the current rental situation, viewings are only possible to a limited extent. The image is a placeholder and does not represent the apartment being offered.

Braunschweig, western ring road area
Directly on the ring road.