| Type | Block of flats |
|---|---|
| Living area approx. | 230 m² |
| Year built | 1905 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 180 m² |
|---|---|
| Condition | Well kept |
| Type of energy certificate | Energy consumption |
| Floors in the building | 5 |
| Energy use (kWh/m² per year) | 182 |
| Rental income | 27.543 € |
| Purchase price | 499.900 € |
|---|---|
| Price per m² | 2,173.48 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsBuilt around 1905, the apartment building at Warendorpstraße 51 in Lübeck-St. Lorenz Nord offers an attractive opportunity for property buyers focused on returns. The property is fully rented; there are currently no vacancies. The tenancies are with long-standing, quiet and reliable tenants.
The building offers approx. 230 m² of living space on a plot of approx. 180 m². It comprises 4 apartments as well as an additional one-room area with a shower room in the attic.
The current annual net cold rent is €27,543.
The asking price is €499,900. If there are several serious prospective buyers, the seller reserves the right to make a decision based on the best overall financial offer.
The existing development potential is particularly noteworthy. The attic can be converted; connections for heating, electricity and water are already in place. Creating additional living space could unlock further income potential and increase the property's value.
There are currently no balconies. As part of future façade renovation with thermal insulation, adding balconies could be considered. This would improve the residential appeal and could create additional potential for rent increases. Subject to the statutory requirements, some energy-efficiency renovation costs may be passed on to the tenants.
The cellar is typical for the period of construction and exhibits the moisture issues usual in buildings of this age. It is functionally usable and includes cellar areas, utility areas and a laundry room.
The property includes a small garden area. The street-facing terrace area is used by the ground-floor tenant for a fee.
The building is not listed. According to information from the register of building encumbrances, there are no entries in the register of building encumbrances.
4 apartments with 3 rooms, kitchen with fitted kitchen, shower room and separate WC
in the attic floor 1-room with shower room
central gas condensing heating, year of construction 2018 with hot water preparation
cable connection in all apartments
full basement with laundry room, technical and tenant cellars
small garden
street-side terrace is used for a fee by the ground floor tenant
attic floor with further expansion potential
connections for heating, electricity and water available in the attic floor
no listed building protection
uppermost ceiling insulated
The property is particularly suitable for investors seeking a rented existing property with additional value appreciation potential. The possible conversion of the attic, energy-related modernization measures, and later addition of balconies provide various approaches to optimizing living quality, rental income, and property value.
Tax structuring options may also be of interest to buyers. For older buildings, a shorter actual remaining useful life can, under certain conditions, be proven by a remaining useful life appraisal and lead to a higher depreciation allowance.
Handover will take place by arrangement. The property is currently fully rented. Viewings are possible by prior appointment.
The interior photos have been partially digitally edited or depersonalized to protect the tenants' privacy and preserve their personal rights. Personal items, pictures, or other identifiable features have been removed or anonymized. The photos serve to show the room layout, condition, and features; the actual furnishings and use may differ from this.
All information is based on the owner's details and the documents available. Errors, changes, and prior sale reserved. If there are multiple prospective buyers, the seller will decide based on the economically best overall offer. This offer does not include legal, tax, or construction-related advice.
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The property is located in a central area of Lübeck-St. Lorenz Nord. Warendorpstraße offers short distances to all everyday amenities and is therefore very well suited for sustainable rental demand.
Shopping facilities such as REWE, a gas station, schools, public transportation, the train station, as well as Lübeck city center with its historic old town, are quickly accessible. The motorway connection is also well linked, making the location attractive both for commuters and for tenants with an urban housing demand.
In addition, the location is expected to benefit in the future from the planned upgrading of the surroundings through the new development district on Schwartauer Allee on the former Nordfrost site. The planned "Wohnquartier Schwartauer Allee" can further strengthen the surrounding area and increase the attractiveness of the location in the long term.
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