2-room apartment with potential for appreciation, suitable as an investment property.

The 2-room apartment is located on the first floor of a building constructed in 2015, meeting KfW 55 energy efficiency standards. It features underfloor heating, a balcony, a ventilation system, and a built-in kitchen. It's situated in Timmendorfer Strand, at Hauptstraße 2A, on the outskirts of town. A balcony and a parking space (available for rent upon request) are included. The apartment was built with public funds (low-interest loan), and therefore, it can only be rented to individuals holding a valid "Wohnungsberechtigungsschein" (housing entitlement certificate). Self-occupancy may be possible after consultation. Holiday rentals are not permitted. The current base rent is €6.06 per square meter, which amounts to approximately €284 per month. The apartment can be rented furnished; the furniture rental fee is approximately €200 per month. The maximum total rent (including utilities) is €758 per month. Up to this limit, the "Jobcenter" (employment agency) may also contribute. The base rent can be increased by 9% every three years, with the next increase scheduled for January 1, 2028. The heating system operates on a "contracting" model (similar to leasing), so no reserve funds need to be set aside for heating. The costs are fully passed on to the tenants and are already included in the heating costs. The property management fee is €22.50 per month. The reserve fund is currently being built up at a rate of €0.20 per square meter, which amounts to €9.40 per month for this apartment. The agreement with the investment bank is valid until 2049. After that, the social restrictions will be lifted, and the property's value is expected to increase significantly. If the entire loan can be repaid before the agreement expires, the social restrictions will remain in place for an additional 10 years, benefiting the investment bank. Therefore, this property is ideal as an investment, for example, for children or as a rental property for parents. There is a high level of interest from potential tenants. The apartment could be handed over to a tenant immediately, but it is currently available. The apartment shown in the pictures has already been reserved. A similar apartment in the neighboring building is currently being renovated and is also for sale. It may be possible to influence the choice of flooring in that apartment.

Main Street 2a, 23669 Timmendorfer Strand.