Two apartment buildings, Hamburg, Germany

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Two apartment buildings, Hamburg, Germany

2,450,000 €
2,987 € /m²
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  • Total area
    820 m²
  • Yield
    3.1%
  • Built in 
    1967
Details
Property parameters
  • Land area: 886 m²
  • Number of parking lots: 45
  • 4-floor building
Financial performance
  • Annual income: 76,352 €
Tenants
  • Occupancy: 93%
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 4.5%

Two apartment buildings.

Description

Each building includes 7 apartments (in total 14 apartments).

The apartment sizes span between 51 m² and 74 m².

There is a basement floor and an attic floor in each building.

There is a garage, a laundry, a boiler-room, a technical room and storage rooms on the basement of each house. The storage rooms are situated on the attic floor too.

During last years, 3 apartments have been renovated. One of these apartments is not rented for the moment.

The central gas heating system was installed in 2013.

There is a construction authorization for the building of the apartments on the free area of the attic floor.

The both buildings are in a good condition.

Financial performance

Absolute annual income is 76,352 €.

The current yield of 3.1%.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 4.5%.

Location

The apartment buildings are located in the center of the Wandsbek district in Hamburg.

A central place of the district, a bus station, an underground station, a shopping mall, a fitness club and a park are situated in a walking distance from the property.

The city center can be reached by metro within 11 minutes.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Hamburg.

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