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Completely renovated investment property with its own garage – 5.1% gross yield, no commission.
21337 Lüneburg – NiedersachsenFor sale is an investment package consisting of a one-bedroom apartment on the 5th floor and a garage with its own land registry entry. The apartment is currently being completely renovated; the work will be completed at the end of September 2026. The entire electrical system, all water pipes within the apartment, the bathroom, the flooring, and the painting will be renewed. A new fitted kitchen with branded Bosch appliances will be installed. This means that the buyer will not incur any maintenance costs for the private property for the foreseeable future.
Here's a summary of the financial aspects:
* Package purchase price: €176,000
* Annual net cold rent: €9,000 (apartment €7,800, garage €1,200)
* Yield factor: 19.6
* Gross rental yield: 5.11%
* Apartment service charges: €159.00 per month, including €45.60 for the maintenance reserve fund.
* Garage service charges: €14.00 per month.
* Property tax: €81.76 and €6.49 annually.
Heating and hot water are billed directly to each unit by the utility provider and are not included in the service charges. They are passed on to the tenant through the utility advance payment and therefore do not permanently burden the owner. Another advantage lies in the homeowners' association itself: The homeowners' association has a reserve fund of €182,732.94. In 2025, no withdrawals were made, and the annual contribution was increased to €24,000 starting in 2026. This unit is allocated €4,166.31. The apartment will be rented out for the first time after the renovation is completed. The selection process is underway, and there are several applications. The property includes a private garage within a covered communal garage complex on Theodor-Haubach-Straße, just a few steps from the building. It has its own land registry entry, meaning it is a separate unit and not just a right of use. The garage is rented to an external tenant and generates an additional €1,200 per year in net rental income. The apartment and garage will only be sold together. All lease agreements will be presented along with the draft purchase agreement before the notarization. The apartment and garage will only be sold together.
Are you interested in this apartment?
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Object Number
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OM-493229
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Object Class
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Apartment
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Object Type
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Apartment
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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176.000 €
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Purchase additional costs
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approx. 11,644 €
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Total costs
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approx. 187,643 €
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HOA fee
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159 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 743€
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Details
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Condition
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As good as new
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Level
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5th floor
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Bathrooms (number)
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1
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Bedrooms (number)
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1
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Number of garages
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1
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Flooring
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Tiles, Vinyl / PVC
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Heating
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Central heating
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Year of construction
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1972
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Equipment
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Balcony, Basement, Elevator, Shower bath, Fitted kitchen
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Information on equipment
Apartment, completion of work scheduled for the end of September 2026:
* Bathroom with a walk-in shower featuring tiled flooring and a glass partition, towel radiator, anthracite-colored floor tiles, and light-colored wall tiles.
* Built-in kitchen with Bosch appliances: induction cooktop, oven, dishwasher, built-in refrigerator, and extractor hood.
* New flooring, white interior doors, white baseboards, and freshly painted walls.
* Electrical installation renewed according to VDE 0100 standards, and all water and wastewater pipes within the apartment have been completely replaced.
* Loggia facing west.
* Washing machine connection in the bathroom.
* Storage room within the apartment, as well as a private cellar room.
Building:
* Elevator from the ground floor to the 5th floor.
* District heating, energy efficiency class B.
* Laundry room, drying room, and bicycle storage in the basement.
* 28 residential units, well-maintained and professionally managed community.
Garage:
* Lockable single garage with a swing door, solid walls, concrete floor, and electric lighting, accessible via a ramp. Approximately 2.50 meters wide with a clear door opening of 2.00 meters and approximately 4.81 meters deep; the driveway of the complex is 7.00 meters wide. The garage complex dates back to the original construction and has not been renovated, but it does not require any repairs. A separate reserve of €28,857.72 is allocated for the communal property of the garage complex.
Location
The property is located in the Kaltenmoor district of Lüneburg. The bus stop on Wilhelm-Leuschner-Straße is directly in front of the building, making the city center of Lüneburg easily accessible without transfers.
The district offers comprehensive local amenities, including supermarkets, a pharmacy, doctors, and various service providers. Daycare centers, elementary schools, and secondary schools are within cycling distance, as are sports facilities and green spaces.
Lüneburg is a Hanseatic city, a university town, and the district capital, with a population of approximately 78,000. The train station, with hourly connections to Hamburg, is just a few minutes away. The ongoing demand for small rental apartments is driven by students, commuters, and single-person households.
Location Check
Energy
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Energy efficiency class
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B
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Energy certificate type
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Demand certificate
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Main energy source
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District heating
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Final energy demand
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71.00 kWh/(m²a)
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Miscellaneous
The sale is commission-free and is exclusively offered as a package consisting of apartment number 23 and garage number 31. The following documents are available and will be provided to serious interested parties upon request:
* Declaration of division with division plans
* Land registry extracts for both units
* Minutes of the owners' meetings and a collection of resolutions
* Financial plans for 2026 and 2027, service charge statement for 2025, and proof of the maintenance reserve fund
* Energy performance certificate and floor plan
* Scope of work for the renovation, to be supplemented after completion with a acceptance protocol and technical documentation
* Official land value assessment from the expert committee for property values in Lüneburg, dated January 1, 2026
The renovation will be carried out by a specialized company and is scheduled for completion at the end of September 2026. The warranty period, according to German Civil Code (BGB), is five years from the date of acceptance. The claims under the warranty will be assigned to the buyer in the purchase agreement. The order documents, scope of work, acceptance protocol, and technical documentation, including the electrical measurement report and leak test results, will be provided. The purchase agreement separately specifies the share of the land and building, as well as the value of the fitted kitchen including appliances. The land share is derived from the official land valuation report, and the kitchen value is based on the purchase receipts; both documents are attached to the draft purchase agreement. The apartment has a land share of approximately 45 square meters. Since the apartment is being handed over in a completely renovated condition, the buyer will not incur any significant renovation costs. Please have the tax implications reviewed by your tax advisor; we do not provide tax advice. The transfer of benefits and burdens will take place after notarization and payment of the purchase price, and the date will be agreed upon individually.
Imprint:
DCB Projektentwicklung GmbH, Heiligengeiststraße 16, 21335 Lüneburg
Managing Director: Dennis Christian Bosse
Phone: 04131 2847451 · dcbpe@dcb-immobiliengruppe.de
Registering Court: Amtsgericht Lüneburg, HRB 212651
VAT ID: DE362623855
Permit according to § 34c para. 1 GewO, issued by the IHK Lüneburg-Wolfsburg, Am Sande 1, 21335 Lüneburg, which also serves as the responsible supervisory authority. We are neither obligated nor willing to participate in a dispute resolution procedure before a consumer arbitration board.
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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Offer from: Dennis Bosse
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