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Apartment in Hamburg

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Total area: 85 m² Yield: 2.0% Built in 1890
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Features
  • Absolute return: 12,840 €
  • Percentage of the rented area: 100%
  • Most recent total renovation: 2013
  • Total rooms: 4

Four-room apartment in a quiet area of Hamburg.

85 m² living space, fully leased.

Description

The apartments are located in a historic house built in 1890. The house is in an excellent overall condition. There are 4 bedrooms, kitchen with balcony, bathroom and separate toilet as well as a spacious hallway.

There was a huge renovation by a famous Hamburg architect in 2013. Ceilings, wiring and heating equipment were modernized. Also there was a renovation of facade, stairs and balconies.

In addition, to preserve the original features wooden doors and frames, floors and stucco have been restored. All apartments have been plastered and brightly painted.

Financial performance

Absolute income is 12,840 €.

The current yield of 2.6%.

Location

Altona is a residential area, which became very popular in Hamburg in recent years. Central location, and a wide choice of services around, coupled with the lack of a large traffic and airplane noise make this area ideal for residents.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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