| Plot area | 568 m² |
|---|
| Purchase price | 1.398.000 € |
|---|---|
| Commission | no commission for buyers |
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More financing calculators and assumptionsResidential and development plot with attractive existing building in a sought-after location in Hamburg-Wandsbek
This exceptional investment combines ongoing rental income with a long-term attractive development perspective in one of Hamburg’s most sought-after residential locations.
On a plot of approx. 568 m², there is currently an apartment building with 11 residential units, which is currently generating ongoing rental income. This opens up the possibility for investors to continue operating the existing building economically while at the same time assessing the medium- to long-term development prospects of the location.
The district of Wandsbek has for years been one of Hamburg’s most sought-after residential areas. The combination of urban infrastructure, excellent transport links, short distances to Hamburg city center, as well as numerous green and recreational areas, makes the location particularly attractive for both owner-occupiers and capital investors.
In addition, the plot is located in an urban-development-dynamic environment. The Free and Hanseatic City of Hamburg is pursuing in the adjoining quarter, as part of the Wandsbek 87 development plan procedure, the goal of orderly further development with an intensification of residential use, compatible densification, and more efficient use of inner-city areas. The basis for this is an urban master plan that has already been prepared. The specific planning-law provisions remain subject to the ongoing procedure.
It is precisely this combination of existing income, excellent infrastructure, and a further-developing environment that makes the property an extremely interesting investment opportunity, especially for project developers, existing property holders, and long-term investors.
The concrete building-right utilization of the plot is to be checked by the purchaser as part of their own due diligence.
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