| Type | Block of flats |
|---|---|
| Living area approx. | 475 m² |
| Bedrooms | 12 |
| Rooms | 23 |
|---|---|
| Bathrooms | 11 |
| Plot area | 329 m² |
|---|
| Purchase price | 2.000.000 € |
|---|---|
| Price per m² | 4,210.53 €/m² |
| Commission | 3,57% (3,57 % inkl. MwSt.) |
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More financing calculators and assumptionsIn the midst of the historic old town of Sassnitz, only approx. 50 meters as the crow flies from the Baltic Sea, this attractive apartment building presents itself as a high-yield investment property with maritime flair. Built in 1905 and extensively renovated in 2002, the house extends over three floors and offers a total living area of approx. 475 m².
In total, the house houses eleven tastefully furnished holiday apartments, all of which are professionally marketed and managed by a regional agency – a seamless transition for investors who want to benefit from an established system. The apartments are differently laid out and are distributed as follows: one apartment with two bedrooms and ten apartments with one bedroom each. Some units have a cozy fireplace, which ensures high occupancy especially in the cooler season.
An important plus for investors: all apartments are already prepared or already equipped with separate consumption meters, which forms the basis for the creation of a separate ownership certificate. This offers the prospective possibility of converting the units into condominium ownership and, for example, selling them individually – an attractive potential for value appreciation or partial sale.
All highlights at a glance:
• Approx. 475 m² living space on three floors
• 11 fully furnished holiday apartments
• Partly with fireplace and Baltic Sea view
• Long-established management and rental via a local agency
• Parking spaces for all units (approx. 5 minutes' walk away, rented through the town of Sassnitz)
• Good occupancy and average return of approx. 4% from holiday rentals
• Preparation for separate meters per unit – requirement for individual sale already fulfilled
This property combines historic charm with modern use and offers both immediate income and long-term development potential – a rare opportunity in one of Germany's most popular holiday regions.
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