small rough diamond in the redevelopment area - MFH 4WE unrenovated

We are offering a 4-family house in 39387 Oschersleben for sale in its current unrenovated condition as a modernization project. The estimated year of construction is approx. 1910. Unfortunately, the current owners are no longer able to renovate the property for personal reasons. It has not been cleared at present, as it may be necessary to make use of subsidies and this work could already be regarded as detrimental to subsidies. Although the building is not eligible for monument depreciation, it is located in a formally designated redevelopment area, which means that increased depreciation is also possible in accordance with Section 7h of the German Income Tax Act (EStG). All requirements for receiving funding from the "Sachsen-Anhalt Modern" program of the Investitionsbank Sachsen-Anhalt and the KfW are met. The current conditions can be obtained from the IB and KfW. (e.g. 50.000.-EUR/WE for less than 1% !!!)
With a moderate rental price after modernization of EUR 6.00 per m², at least EUR 22,968.00 p.a. can be achieved in the long term. There is a great demand for refurbished apartments in Oschersleben.

The property for sale comprises the following:

1. building 4-family house (319sqm living space +108sqm floor space) in 39387 Oschersleben,
2. plot of land 248 sqm
3. as-built plans with verified actual dimensions
4. old building plans
5. building permit from 2017
6. deviation notices for stairs and ceilings from 2017
7. renovation permit from 2017
8. building permit for balconies from 2017
9. the approved building plans from 2017 with the floor plans and sectional drawings
10. list of the living and usable areas from 2017
11. structural analysis from 2017,
12. test statics from 2017
13. fire protection concept with the construction plans and fire protection tested from 2017
14. energy saving certificate from 2017
15. extension of the building permit until 31.08.2025

The property is completely vacant. Renovation and modernization work can begin at short notice. The land register is unencumbered. Sale is possible at short notice.

The town of Oschersleben is located in the Magdeburger Börde and approx. 35 km southwest of Magdeburg. Oschersleben has around 19,100 inhabitants, making it the most populous town in the Börde district of Saxony-Anhalt. There are direct transport links via the B 246 federal highway to the A14 and via the B 246a to the A2. International airports are Halle/Leipzig (approx. 80 km) and Hanover (approx. 120 km). The train station guarantees connections to public transportation. Oschersleben is nationally known for the Motorsport Arena Oschersleben, which opened in 1997 and is Germany's northernmost race track and a magnet for motorsport fans. Another attractive feature is the proximity to the Großes Bruch fenland and the Hohes Holz nature reserve.

The town is characterized by its excellent infrastructure, good transport links and a growing economy and offers a wide range of kindergartens, elementary school, secondary schools and a grammar school, as well as shopping facilities and a wide variety of leisure activities. The residential area is conveniently located, just a few minutes' walk from the city center. There are numerous shopping facilities in the immediate vicinity. In addition, the surrounding residential areas offer a large pool of potential tenants.