Two building plots for 6 units each and fully let MFH in Spenge

The offer for sale comprises an apartment building with 11 units and approx. 925 sqm of rentable space as well as an approved preliminary building application for two further apartment buildings on the spacious plot. A sale as a whole is preferred, but an individual sale of the property and the two plots would also be conceivable.

Existing property:
Residential building with 11 units, including 10 residential units and a small commercial unit. All units are currently rented, there are few tenant changes.
Currently strong underrent, in some cases 100% rent increase is possible with new rentals.
The property is in a well-kept and regularly maintained condition with no problems worth mentioning. This is a good opportunity for investors to generate large increases in value and high cash flow through the steady development of rental income. Details can be found in the detailed exposé.

Building plot for two MFHs:
With a living space of 543 m² each / 1086 m² in total, this project will make a significant contribution to the creation of living space in the region. The preliminary discussions with the town of Spenge with regard to the need for social housing have been very positive.

Location: The property is located in a quiet, rural area of Spenge, surrounded by existing residential areas and in close proximity to public transportation. Schools and shopping facilities can be reached within a short time in Spenge. This location promotes the attractiveness of living space for families, senior citizens and professionals.

Preliminary building application and approval
Status: The positive preliminary building application confirms that the project can be approved in principle. This gives investors and future residents the certainty that the project meets the urban planning requirements.
Planning options: Due to the positive feedback, it is possible to make adjustments to the original plans. This can affect both the design of the façade and the layout of the residential units in order to better meet the needs of future residents.

Current planning (can still be adapted)
Number of units: 6
Living space per unit: 77 m² - 100 m², which can be divided into different living concepts to appeal to families as well as singles or couples.
Features: Each unit will have modern fittings with a focus on energy efficiency and sustainability. Open-plan living concepts are planned to promote living and living together.

Social housing
The town of Spenge has a particular interest in promoting social housing. Our project takes this concern into account by:

Affordable housing: creating homes that are accessible to different income levels.
Community integration: promoting a neighborly environment through communal areas and green spaces.
Sustainability and energy efficiency
The construction project will meet the highest standards of energy efficiency. Planned measures to reduce energy consumption include:

Sustainable materials: use of ecological building materials.
Energy-efficient heating and cooling systems: Use of modern technologies to minimize CO2 emissions.
Green spaces: Creation of gardens and communal spaces that serve as retreats for residents.

The property is located in the charming town of Spenge, which lies in the East Westphalian district of Herford. The surrounding area is characterized by a quiet residential atmosphere and good connections to the infrastructure.

Transport links: The location offers excellent connections to the road network, which means that the cities of Bielefeld and Herford can be reached in a short time. Public transport is also easily accessible, which facilitates mobility within the region.

Shopping facilities: There are various shopping facilities in the immediate vicinity, including supermarkets, specialist stores and service providers. These contribute to the high quality of life and enable convenient local shopping.

Leisure facilities: The surrounding area offers numerous leisure opportunities, including parks, hiking and cycling trails. Cultural institutions and sports clubs are also represented in the town and promote an active community life.

Educational facilities: Spenge has various educational facilities, from nurseries to schools, ensuring good accessibility for families.