Property Highlights

Stable rental income since 1980
South-west facing balcony with evening sun
Own cellar and attic storage rooms
Communal laundry and drying rooms
Communal parking spaces available
Well-kept building with eight units

Overview

This charming condominium in Neumünster was divided on 01.07.2025 in accordance with the German Condominium Act (WEG) and offers an excellent opportunity for investors. The apartment has been rented to a reliable tenant for an indefinite period without interruption since 01.01.1980, thus guaranteeing stable and secure rental income immediately. The purchase is rented out so that you benefit directly from ongoing income. Particularly attractive is the statutory regulation on the lock-up period after WEG conversion: In Schleswig-Holstein, a three-year lock-up period applies from entry in the land register, during which a termination for personal use is excluded. This gives investors long-term planning security - in this case probably until July 2028. The apartment is located on the mezzanine floor on the right (apartment number 2) of a well-kept apartment building from 1957. The building comprises a total of eight units that share a stairwell, with two apartments per floor. There are also communal parking spaces available on the property. The 4-room apartment has a living space of 81.57 m². The layout is as follows: Hallway (6.20 m²), bathroom (3.84 m²), kitchen (7.27 m²), room I (15.58 m²), room II (10.57 m²), room III (21.95 m²), room IV (13.67 m²) and a balcony (4.98 m²), 50% of which is included in the living space (2.49 m²). The balcony faces south/west and offers sunny hours into the evening. The kitchen is the property of the tenant and is therefore not part of the sale. In addition to the living space, the unit has 14.67 m² of its own usable space, consisting of a cellar room (10.62 m²) and an attic compartment (4.05 m²). In addition, the residents can use communal ancillary rooms with an area of 60.99 m², including a laundry room in the basement (19.43 m²), a drying room in the attic (21.61 m²), a utility room (7.23 m²) and a boiler room (12.72 m²). The apartment has been rented for an indefinite period since 01.01.1980. The monthly basic rent from 01.10.2025 is € 558, which corresponds to a net annual rent of € 6,696. This puts the rent per square meter at € 6.84. The current purchase price factor is 14.78, the purchase price per square meter is € 1,213.68. The monthly house rent amounts to a total of € 591.31. Of this, € 227.42 is attributable to apportionable costs (including heating costs of € 96.31), € 221.67 to the allocation to reserves and € 142.22 to non-apportionable costs. Please note: In addition to this apartment, there are two other units for sale in the same building. This gives interested investors the opportunity to purchase several apartments as a package and increase the potential yield. This well-kept and well-designed apartment combines a solid rental situation with attractive appreciation potential and thus offers a secure investment in a good location in Neumünster.

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