Townhouse in Germany. Half-timbered townhouse near Braunschweig.
Object code is 9661
Type - House / Villa
Price - 25,000 €
Price per sq.m. - € 278
Year of construction - 1900
Year of modernization - 2019
The plot area is 63 m2
Usable area - 90 m2
Number of rooms - 4
Commercial / residential units - 1
Object status - Leased
The annual income is € 8,640
Yield - 34.56 %
Registration services - € 3,927
Legal costs - 298 €
Real estate purchase tax - 1500 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 30,925
* Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
An affordable two-storey house in the center of Germany is offered.
The property is located in the cozy town of Schöningen, Lower Saxony.
The city is close to major cities such as Braunschweig and Wolfsburg.
In the immediate vicinity of the object there is all the necessary infrastructure for life.
The townhouse is located on its own plot of land approx. 65 m2, which is also for sale and is already included in the price stated by the seller.
Massive house with a living area of approx. 80 m2 is divided into:
- first floor - living room, kitchen, bathroom
- second floor - two bedrooms
- attic floor - children's room, pantry
This property also has a balcony and a terrace.
The house has a basement for storing things of the owner or tenant.
Heating - central.
The windows are partly plastic, partly wooden double-glazed windows with insulating glazing, there are external blinds.
The walls and floors in the bathroom are tiled.
Water, sewerage, electricity, internet and telephone services are available.
Near the house there are parking spaces for cars of the owner or tenants.
Since the building is a state-protected architectural monument, it is possible to receive subsidies and subsidies from the fund for the restoration and maintenance of architectural monuments, as well as tax benefits for the restoration of the object from the state.
According to the seller, this object has been leased for a long time since 2009.
The new owner can dispose of the property at his own discretion - to live in it, manage it himself, rent it out or find a responsible manager.
Based on the average rental cost in the region, with proper management when renting, this property can bring more than 8,500 euros of annual income.
Currently, the object is under external competitive management and will be sold to a new investor directly by the bank through the courts.
It is offered by the bank at the residual value and will be transferred to the new owner absolutely without any debts.
According to the forecasts of our company's specialists, during the court bidding the price may be further reduced by 10-15%, which further increases the investment attractiveness of this object.
Our company is ready to provide all the necessary services for negotiations with the court and with the seller-owner, competent legal registration and after-sales management of the object.
Including on registration of the possible residence permit.
Distance to Braunschweig: 40 km (approx. 40 min by car)
Distance to Wolfsburg: 50 km (approx. 45 min by car)
Distance to Magdeburg: 65 km (approx. 50 min by car)
Distance to int. Hanover airport: 115 km (approx. 1 hour 10 minutes by car)
Schöningen is a city in Germany, the district center, located in the state of Lower Saxony. Lower Saxony is the second largest city in Germany after Bavaria. In the north it is bordered by the North Sea and includes the East Frisian Islands; in the southeast it is bounded by the Harz Mountains. Most of Lower Saxony is a plain. The famous part of Lower Saxony is the Lüneburg Heath, which is located between the Harz and the North Sea.
Hanover is the capital of the federal state of Lower Saxony, a city located on the banks of the small river Laine. The first mention of Hanover dates back to 1150 - the Duke of Welf, Henry the Lion, built the castle of Lauenrode on the left bank of the river Laine. From the twelfth to the middle of the nineteenth century, Hanover was the capital of a separate German state, the Kingdom of Hanover, a longtime faithful ally of England in European politics.