Apartment house in city Hamburg
4902.00 sq.m.

€ 40 180 000

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Attention investors: elite apartment tenement house in the center of Hamburg with a top location. The facility was built in 1915 on a plot of 1.050 sqm. The building includes residential apartments and commercial premises with a total area of 3.400 square meters. Apartments and commercial space are fully leased. Possible conversion of the attic floor for extra living space. There is a ready solution to the expansion of the area. After expansion it is possible to increase the total area to 4.902 square meters.

Information

The land area of only 1,050 square meters
The total area of 3.400 square meters
Annual yield – 715.900 Euro
The profitability of 1.7 %
The total area after the expansion – 4.902 square meters
Profitability after the increase and rent in the new area and 3.3 %
Annual yield – 1.327.900 Euro
Cost – 40.180.000 Euro

Respectable apartment house is located in the pedestrian streets of Hamburg with first-class address. Within walking distance of iconic attractions, restaurants, cafes and fashionable shops.

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