Attractive investment property with vacation rentals – Flexible unit in prime location in Bad Harzburg

Key facts

Purchase price & costs

About this apartment

Objektnr: 1071137

This special property is located in an attractive area of Bad Harzburg, in the immediate vicinity of the spa park as well as the extensive recreational and hiking areas around the Burgberg. The surroundings are characterized by their high leisure and recreational value and are much in demand by both tourists and permanent residents. The combination of a location close to nature and good infrastructure connections makes this location particularly interesting for use as a vacation property or for traditional rental.
The unit extends over a total area of approx. 165 m² including a proportionate terrace area and is currently divided into three separate subunits. Each unit has approx. 50 m² of living space as well as access to a spacious terrace with a beautiful view towards Burgberg.

The current use is versatile: One unit is rented as office space and currently generates a rent of €550 including ancillary costs. The two other units are successfully operated as holiday apartments. In the period from January to May alone, income of around €12,000 was already achieved here, which impressively underlines the attractive return potential of the property. The combination of short-term holiday rentals and long-term rentals results in an interesting and flexibly adaptable return concept for investors.
In principle, there are several possible uses: The property can continue to be operated as a successful holiday apartment concept, be rented out fully or partially on a long-term basis, or be combined again into one spacious unit. This makes the property suitable both for investors focused on profitable rental and for owner-occupiers with an individual living concept.

Another advantage is the spacious basement room, which is conveniently located on the same level as the units and is therefore easily accessible.
The apartments are in a renovated and well-maintained condition and are handed over furnished. An existing marketing structure, such as a website or booking platforms, can be taken over if desired and enables a nearly seamless transition for investors and operators of holiday apartments.

The building also offers a high level of living and leisure comfort with communal facilities such as a swimming pool and a bowling alley. An elevator additionally ensuresfor low-barrier access to the units.
The monthly service charge is currently €1,176, of which approx. €739.84 is non-allocable.
The property includes an underground parking space as well as an additional uncovered parking space. The underground parking space is currently rented for €40.
Renovation work is planned for the underground garage. The specific measures are currently still being coordinated. Financing is expected to come both from reserves and from a pro rata special levy.

Overall, this is an extremely flexible and attractive property in a sought-after location, which, thanks to its versatile usage options, existing rental structure and attractive income situation, offers interesting prospects for both investors and owner-occupiers.

Location