5% Return - Renovated 2-room apartment with underground parking space, suitable as an investment property or for owner-occupation.

***********************No fees for buyers******************. As we, the owners, are selling the property ourselves, no real estate agent is involved, and therefore, there are no agent fees. This modernised 2-room apartment in Bad Schwartau-Cleverbrück combines a contemporary living standard with attractive opportunities for owner-occupiers and investors. With approximately 48 m² of living space, the apartment offers a well-thought-out layout with a spacious living area and access to a sunny balcony, a separate bedroom, a kitchenette, a bathroom, as well as a hallway and storage area. The apartment is located on the 2nd floor of a well-maintained apartment building built around 1978. A private cellar room, a communal laundry room, and a parking space in an underground garage complete the offering.

Modernised and ready to move in.
The apartment is currently undergoing extensive renovations and will be presented in a contemporary and new condition upon completion of the work. The following work has been carried out, among other things: Renewal of the electrical installation, including the fuse box, switches, and sockets.
Modernization of the bathroom and sanitary facilities.
Tiling work.
New flooring.
Painting work.

This apartment is ideally suited for buyers who wish to acquire a property without having to undertake extensive renovation work beforehand. It can be moved into immediately or rented out.

A particular advantage of this property is its flexible usage potential. The apartment will be delivered free of any existing rental agreements, making it ideal for personal use – for example, by singles, couples, or as a compact apartment with good connections to Bad Schwartau and Lübeck. At the same time, the property offers interesting potential as an investment. Based on a projected net cold rent of €15.00 per square meter, the following potential rental calculation can be made:
Apartment: approximately €720 per month
Underground parking space: approximately €95 per month
Total net cold rent: approximately €815 per month
Annual net cold rent: approximately €9,780
With a purchase price of €197,000, this corresponds to a projected gross rental yield of approximately 4.96% before operating costs. The demand was already assessed in advance through a test marketing phase. This revealed a positive response to the proposed rental rates. We are happy to assist with the re-letting of the property.

Investors have the option to initially purchase the property outright and then decide themselves on the future rental arrangements. However, if desired, we can also assist – of course, in close consultation with the buyer – in finding a suitable new tenant. This means that the property can be acquired either vacant for personal use, outright for the buyer's own rental purposes, or with an existing tenancy agreement, depending on the agreement reached with a new tenant.

The apartment is located in the Cleverbrück district of Bad Schwartau. Its location offers a peaceful living environment while still providing access to Bad Schwartau's excellent infrastructure.

Shopping facilities, schools, medical services, and various sports and leisure activities are all within the city limits. Additionally, the balcony offers a pleasant view of the greenery.

Due to its proximity to Lübeck, the apartment is also suitable for commuters, combining a quieter living environment with easy access to the Hanseatic city.