Exceptional end terraced house, within walking distance of the Hanover trade fair, investment property + own apartment

Description
For sale is an extremely well-maintained end terraced house that serves as both a cozy home and an attractive investment. This property not only impresses with its excellent location in the immediate vicinity of the trade fair, but also with its versatile utilization concept, which is already generating considerable income.

*Key data of the house

- Year of construction: 2016
- Total area: 138 m"
- Plot area: 361 m"
- Floors: 2 floors plus log cabin (20 m") in the garden
- Condition: Very well maintained and modern

*Room layout

First floor:

-Flat: This floor comprises a spacious apartment that is perfect for own use or long-term rental. Bright rooms, modern furnishings and direct access to the garden offer a high level of living comfort.

Second floor:

- Study plus 2 guest rooms: the upper floor is currently set up for short-term rentals via platforms such as AirBnB and Booking.com. Each of the two rooms has its own modern bathroom with shower and WC, which is particularly popular with guests.

- Log cabin: Another highlight is the separate log cabin in the garden, which also has its own room with shower and WC. It is currently used successfully for short-term rentals and offers guests an idyllic, private ambience.

Income and potential:

Currently, the two rented units (1 room on the upper floor + log cabin) generate annual gross income of around € 24,000 with an occupancy rate of just over 50%. This income can be documented and already offers a solid return.

Future growth:

A third property (the 2nd room on the upper floor) is about to be marketed. Letting it is expected to increase the annual gross income to around € 36,000.

If the entire apartment on the first floor is included in the short-term rental, income could rise to around € 58,000 per year (estimated at an occupancy rate of 50-60%). With optimal maintenance of the platform accounts, occupancy rates of over 80% are even possible, which could further increase income.

This property offers flexible utilization options:

-Own use: the purchaser can occupy the first floor apartment himself and at the same time generate income from renting out the upper units. In this case, this is income from letting and leasing.
Commercial use: If all units are used for short-term rentals, this is a commercial rental with the corresponding potential for a considerable return.

Other:

The house is offered for rent including all fixtures and complete furnishings. The rental accounts on the platforms can be taken over on request so that the business can continue seamlessly.

Conclusion:

­This end terraced house is not only an attractive home in a sought-after location, but also offers significant income potential. Whether as an investment or for owner-occupation with additional income - here you have the opportunity to acquire an extremely lucrative property that still offers plenty of potential for growth.

Don't miss out on this unique opportunity and contact us for more information or a viewing!