Extensively refurbished, fully let apartment building for 12.1x JME

Detached apartment building, prefabricated building type IW 61 / P1 with 3 full storeys and 18 apartments. In addition, there is a demolition-ready garage complex with 10 garages and 1 detached double garage on the property.

The property was extensively modernized in the early 2000s, including the installation of an ETICS facade, plastic windows with insulating glazing, electrical risers with meters in the basement and new bathrooms.

Heating and hot water are supplied by a new oil-fired central heating system, which was installed at the end of 2021.

Due to the death of the previous owner, the house was in a desolate condition when it was handed over and, with the exception of 2 empty apartments, was repaired and renovated as shown below by December 2024.

1. clearing out the entire house
2. cleaning of the facade
3. renewal of the technical sewage treatment plant
4. overhaul of the new heating system
5. complete renovation of 11 empty apartments including repainting, flooring and replacement of washbasins and toilets with fittings
6. re-letting of 12 empty apartments, 1 of which was not renovated
7. installation of 11 fitted kitchens
8. complete replacement of the dry screed including fill in 3 apartments
9. replacement of 10 new fuse boxes including new wiring in 10 apartments
10. installation of 3 satellite community antennas including new cabling and new antenna sockets in all apartments
11. renewal of the doorbell and intercom systems in all apartments
12. renewal of a hot and cold water line in house 4
13. removal of a broken-in concrete roof slab of approx. 12 m² and sealing of the break-in point

The following work is still outstanding

1. renovation and re-letting of 2 empty apartments incl. repainting, floor coverings and replacement of washbasins and toilets with fittings
2. replacement of the fuse boxes and rewiring in the remaining 2 apartments to be renovated
3. installation of 1 further fitted kitchen
4. replacement of all lamps in the stairwells and basement corridors with LED lamps
5. repair of the house entrance landings
6. repainting of the base of the house and the rear cellar entrances.

The remaining work from 1 to 6 is included in the purchase price or can be undertaken by a future buyer for a corresponding discount.

The property is offered fully let with an annual rent of at least € 65,500.00 p.a.

The buyer will receive a first-letting guarantee for the apartments that have not been let by the time of handover.

The property is offered fully let with an annual rent of at least € 65,500.00 p.a.

The buyer receives a first-letting guarantee for the apartments that have not been let by the time of handover.

Warin is a small town with just under 3,600 inhabitants and is located approx. 18 km south of Wismar.

The property is located in the Mankmoos district, approx. 4 km from the center of Warin with all amenities, schools, kindergartens, etc.