From what I can gather this says something like:
To U4701 Sync message, Lubeck base, From commander 4th U-boat fleet, go with U4702 U4703 to Flender Shipyard Lubeck, more to follow
It's less gibberish than it looks like at first. They really shot themselves in the foot by not having numbers on the enigma system, this would have really made messages much shorter because they had to write them all out.
There's so much specific jargon in there that would make it really easy to detect a correct message IMO. Just make a simple list of very common words and tally up.
Indeed frequency analysis wouldn't work though but it's still pretty possible IMO.