Portfolio of apartment buildings, Hamburg, Germany

Additional information is provided after the signing of an NDA

Favourable buying terms till the end of the year

Vat rate reduced from 19% to 16% till 31 December, 2020

Portfolio of apartment buildings, Hamburg, Germany

2,990,000 €
2,768 € /m²
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  • Total area
    1,080 m²
  • Yield
    5.6 %
  • Built in 
    1960
Details
Property parameters
  • Land area: 2,060 m²
  • Total apartments: 7
  • Number of parking lots: 20
Financial performance
  • Annual income: 169,707 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 4.5 %
  • Broker: 5.25 %

3 residential buildings with commercial premises and development potential.

Description

Commercial area: 797.25 m² (9 units).

Living area: 282.68 m² (7 units).

Energy Performance Certificate — consumption value: 248.9 kWh/ m²

2 parking spaces in the garage and 18 open parking spaces.

Financial performance

Absolute annual income is 169,707 €

Current yield is 5,6%

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4,5%.

Brokerage fee is 5,25% + 19% VAT (in total 6.25%).

Location and nearby infrastructure

The facility is located in the southwest district of Hamburg with a population of about 29,000 people.

There is a pharmacy, restaurants, bars and cafes, banks and a bus stop (1 min on foot).

Hamburg is a city of federal significance with the population of more than 1.8 million people. It is the 2nd largest city in the country, the 7th largest and most populated non-capital city in the European Union, a major transport hub, as well as a river and sea port (the largest in Germany, the 2nd in Europe, and the 9th in the world).

There are about 60 museums, more than 40 theaters, and about 120 parks in Hamburg.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Hamburg elsewhere on our website.

Mezzanine loans as an alternative to commercial property investment

Remote investment is possible.

No need to open structures abroad and notify the tax authorities of CFCs.

No maintenance and management costs.

Comparing a apartment building investment to a mezzanine loan investment

Investment vehicle
Apartment building
Mezzanine
Yield per annum
0,5%—9,3%
8—10%
Investment budget
from €450,000
from €500,000
Buying expenses
10—15%?
  • 1,5 % — notary fee (state registration)
  • 6,0 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

5%?

The agent's commission and the expenses on an independent legal review of the project

Investment term
from 5 years
from 2 years
Risk level
Low
Moderate
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Inna Klimaeva
Inna Klimaeva
Investment consultant in Hamburg
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    • Bank financing from 1.5% annually
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