Commercial building in pedestrian zone - fully let with long-term contracts

TOP INVESTMENT IN A PRIME LOCATION IN HAMBURG-BERGEDORF - FULLY LET COMMERCIAL BUILDING WITH EXPANSION POTENTIAL

This characteristic residential and commercial building from the turn of the century is in a prime location in the busy shopping street of Hamburg-Bergedorf. The surrounding area is characterized by a high footfall, an attractive mix of sectors and an established and stable tenant structure.

The property is ideal for investors looking for a secure long-term investment property with additional development potential: The property extends over a 329 m² plot with a total let area of around 394 m².

The three established commercial units on the first floor are let on long-term leases and generate stable annual net rental income of €114,000. There are no rent arrears!

The additional space of approx. 230 m² on the second floor and top floor offers potential for further expansion and use. (A building law inspection has not yet been carried out).

Each commercial unit has its own gas boiler: all heating systems were replaced in 2024; the contract was awarded in 2023, meaning that all current legal requirements are met. There is therefore no need for action in the next few years.

HIGHLIGHTS AT A GLANCE:
+ Excellent prime location in the pedestrian zone
+ Fully let commercial building
+ annual net rent: € 114,000
+ long-term rental agreements
+ possible additional expansion reserve (1st floor & attic) - approx. 230 m²
+ modern heating (renewed in 2024)
+ free of commission for buyers

Purchase price: € 1,698,600 (factor 17.37)

Sachsentor is one of the most popular shopping streets in the center of Hamburg-Bergedorf.

The location is convincing:

- high visitor frequency
- very good public transport connections
- well-kept infrastructure
- attractive quality of stay
- strong, diverse environment of chain stores, owner-managed stores and restaurants

Thanks to continuous urban development measures and growing demand in the surrounding area of Hamburg, Bergedorf city center is considered a future-proof and economically stable location.