This facility is accessible by registered users only. Please sign in.

RegisterLogin

Apartment block next to Hamburg downtown

Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
Apartment block next to Hamburg downtown
$9 900 000
Type:: House
Status:: Residential accomodation
Country: Germany
City: Hamburg
Address: Hamburg, Germany

Short description

An apartment block located next to Hamburg downtown.

Full description

Constructed in

2004

Number of residential accommodations

60

Number of commercial facilities

0

Number of parking spaces

48

Number of vacant apartments

0

Total residential area

4,311.02 sq. m.

Total area of the facility

4,311.02 sq. m.

Area of the land plot

2,171 sq. m.

Financial information

The residential block’s construction was funded by IFB bank. The loan (until December 2036) will be redrafted in the name of the facility buyer.

Cash flow generated by lease, per year

639,200.00 EUR

Lease price, per sq. m.

12.36 EUR

Price of the facility

9,000,000 EUR

Price per sq. m.

2,087.67 EUR


Market analysis

Hamburg is the second largest city in Germany, the largest port city of Europe and the world, and the center of airspace industry.

The city is a home to Airbus plant, Holsten Brewery headquarters, OTTO mail-order company, and Spiegel and Stern publishing businesses.

Just like entire Germany, the city has stable economy, and low unemployment and inflation rates. According to data by global research company Mercer, Hamburg was listed one of top 20 world cities in terms of living standards in 2015.

The city boasts one of the best infrastructures in the world, favorable mortgage rates (loans are issued at 2 percent annually for 20 years), and a well-developed rent market, for only a half of Germans own their accommodation.