Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Engelbosteler Damm 98" comprises the refurbishment of an apartment building as well as the optimization of the letting of the existing residential and commercial units of the building. The property is currently 100% leased and has a total of 18 residential and 1 commercial units with an existing floor area of around 871 m² (total usable floor area). With its excellent residential and commercial location, the project site convinces with an optimal transport connection as well as the proximity to the Leibniz University Hannover.
The purchase agreement has been concluded and the issuer is already the owner of the property. The project currently generates rental income of approximately 100,000 € per year. The optimization of the rental has already begun and the first significant contracts regarding tenant changes and the resulting conversion measures are already in place. In the course of this, higher rental income can be achieved.
The property is located in a central location in Hanover, in the Nordstadt district. In the immediate vicinity are numerous local amenities such as supermarkets, medical practices and leisure facilities. Due to the tram station An der Stangenriede (line 6, 11) located directly in front of the property, the location is excellently connected to the public transport network and the city center can be reached within 10 minutes. Spacious green areas such as the renowned Prinzengarten Welfengarten are also within walking distance and invite you to linger.
As the capital of Lower Saxony, Hannover offers a typical metropolitan infrastructure with several hospitals, a well-developed public transportation system, and numerous shopping and nightlife opportunities, as well as a wide range of leisure activities. Among the cultural highlights is the largest folk festival in Lower Saxony, the Maschseefest. The Herrenhäuser Gardens, consisting of the Great Garden, the Berggarten, the Georgengarten and the Welfengarten, are among the most important baroque gardens in Europe with an area of 1.5 square kilometers. With around two million visitors at more than 60 trade fairs every year, Hannover is an internationally renowned trade fair location and, with the Hannover Messe, hosts one of the most important international industrial trade fairs. As part of the metropolitan region together with Braunschweig and Wolfsburg, the city has a thriving economy especially in the manufacturing and insurance sectors.
Nothing is worth more than a good location. The project "Engelbosteler Damm 98" is centrally located in Hannover, in the Nordstadt district. In the immediate vicinity are numerous local amenities such as supermarkets, medical practices and recreational facilities. Due to the tram station An der Stangenriede (line 6, 11) located directly in front of the property, the location is excellently connected to the public transport network and the city center can be reached within 10 minutes. As an attractive residential area, the neighborhood is also characterized by the presence of the renowned Leibniz University of Hanover with around 25,000 students. Spacious green spaces such as the renowned Prinzengarten Welfengarten are also within walking distance and invite you to linger.
Nordstadt - a vibrant district for individualists and students as well as the location of the "Engelbosteler Damm 98" project. As the main shopping street, Engelbosteler Damm divides the district into an eastern part, rebuilt after 1946, and a core area, redeveloped after 1985. Adjacent to it in the west is a quiet villa area separated by a belt of university, cemetery and hospital areas. In the southwest, the Welfengarten and the Georgengarten as well as the adjoining allotments and sports facilities offer areas for local recreation. Nordstadt in Hannover is a lively, multicultural neighborhood with a diverse arts and cultural scene. It offers a mix of historic and modern architecture, cozy cafes, restaurants and bars, and unique shopping opportunities. With green parks and nearby recreational areas, Nordstadt is also ideal for outdoor activities.
Hannover's Old Town was originally founded in the Middle Ages, but was heavily bombed during World War II and later rebuilt. Today, the old town presents itself as a charming ensemble of half-timbered houses, elegant town houses and imposing churches. A well-known landmark of the old town is the Market Church, which was built in the 14th century and characterizes the townscape. In the immediate vicinity is the historic market square, where markets and events are held regularly. Another highlight is the Old Town Hall, an imposing Gothic-style building that is now used as a museum. The old town is also home to the Leineschloss, which was the residential palace of the Guelphs from the 17th century. Today it is the seat of the Lower Saxony Parliament and can also be visited.
Hannover Hauptbahnhof is the largest passenger train station in Hannover, the capital of Lower Saxony, and ranks sixth among Deutsche Bahn's busiest long-distance train stations, behind Hamburg, Frankfurt (Main), Munich, Cologne and Berlin, with around 280,000 travelers a day. It is also the most important node in the local public transport system and the S-Bahn Hanover. It is centrally located in Hanover and is easily accessible from many of the city's major attractions and business districts. With its numerous stores, restaurants and other services, Hannover Central Station also offers a wide range of amenities for travelers and locals who spend their time there.
Gottfried Wilhelm Leibniz Universität Hannover, or Leibniz Universität Hannover or LUH, is the largest university in Lower Saxony, ahead of Georg-August-Universität Göttingen, with around 28,000 students in the winter semester of 2022/23. There are 85 degree programs to choose from as well as the University of Hannover is a member of the TU9 German Universities of Technology. The university has nine faculties covering a wide range of subjects, including engineering, natural sciences, humanities, social sciences and economics. In addition to the buildings at Welfengarten with the Technical Information Library located there and at Königsworther Platz, the university maintains other locations in and around Hannover: at Schneiderberg, in Herrenhausen and in Garbsen.
A remarkable example of European garden art is the ensemble of the Herrenhäuser Gardens in the state capital of Hanover. The Herrenhausen Gardens in Hanover consist of the Great Garden, the Berggarten, the Georgengarten and the Welfengarten. The Great Garden in Herrenhausen is one of the most important Baroque gardens in Europe and is the historical centerpiece of the Herrenhausen Gardens. The Berggarten, also located in Herrenhausen, developed from a vegetable and cultivation garden into a botanical garden. The Rainforest House, created here in 2000, was converted into an aquarium in 2006. The Georgengarten is located east of the Großer Garten and, like the Welfengarten, belongs to the Nordstadt district. Both gardens are laid out in the style of English landscape gardens and are freely accessible.
Founded in 1993, MusikZentrum Hannover is an event center located in Hannover's northern city. The MusikZentrum Hannover not only houses concert halls and stages, but also has a recording studio and rehearsal rooms available to musicians. In addition, the MusikZentrum serves as the headquarters for the offices of the State Working Group Rock in Lower Saxony, the Hanover Rock Office and the German Rock Music Foundation. Special emphasis is placed on the promotion of young people and up-and-coming musicians. The MusikZentrum offers a comprehensive range of services, from the rental of rehearsal rooms, coaching and consulting to music production and the creation of sound recordings. The MusikZentrum gemeinnützige GmbH is the sponsor of this facility.
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