1.5-room apartment with a balcony and a parking space in a secure underground garage, located in Hamburg-Wandsbek.

This 1.5-room apartment is located on the 2nd floor of a multi-family building constructed in 1995, situated on Begonienweg, a quiet, traffic-calmed residential street in the Wandsbek district of Hamburg. The apartment, spanning 48.56 m², offers a compact and functional layout with a balcony, kitchen, bathroom, and hallway. The entire building is heated by a central gas heating system. The apartment has been continuously rented since 1999 (cold rent: €619.14 per month, with statutory notice period) and is therefore suitable for both investors seeking a stable, long-term rental income and for owner-occupiers with a long-term perspective. The condition of the apartment requires renovation, which is already reflected in the purchase price, giving buyers the opportunity for individual modernization and potential appreciation. In addition to the apartment, there is an exclusive storage room in the basement and a private parking space in the underground garage, offering a sheltered and secure parking spot directly in the building – a real added value in this location. There is no elevator in the building. For investors: The apartment offers an attractive gross rental yield based on the current rent, and provides predictable returns without the risk of finding a tenant, from the moment of acquisition. For owner-occupiers: As the tenancy agreement has been in place since 1999, if the property is terminated due to personal use, the statutory notice period of up to 9 months applies. Alternatively, the apartment is ideally suited to be acquired with a tenant in place and used as a personal residence at a later date. Please note: To protect the tenant's privacy, no interior photos of the apartment are included in this advertisement. The energy performance certificate will be provided during a viewing.

The Begonienweg is located in the Wandsbek district (zip code 22047) – a well-established, green, and popular residential area in northeastern Hamburg. The street itself is a quiet, residential street with limited traffic, a 30 km/h speed limit, a paved surface, and sidewalks on both sides – ideal for families and anyone who enjoys peace and quiet after work, without having to sacrifice good access to Hamburg's city center. The immediate surroundings are characterized by well-maintained residential streets with predominantly apartment buildings, plenty of green space, and short distances to local amenities: supermarkets, doctors, pharmacies, daycare centers, and schools are all easily accessible on foot or by bike. The Wandsbek center, with its shopping center, numerous shops, cafes, and restaurants, is only a few minutes away and provides for almost all daily needs. Excellent public transportation links:
The bus stop "Friedrich-Ebert-Damm (West)" is only about a 4-minute walk away – from there, you can directly access surrounding districts and the nearest S-Bahn stations using lines 8, 16, and 171. The Wandsbek-Gartenstadt (U1/U3) subway station is approximately... Located just 14 minutes on foot or a few minutes by bus, this property offers excellent transport links. You can take the U1 subway line directly, without any transfers, to the heart of Hamburg (Jungfernstieg), and onwards to Alstertal, Volksdorf, or Norderstedt. Alternatively, Wandsbeker Chaussee station (U1, S1) is a short distance away and offers connections via both subway and regional train, as well as additional bus lines, providing a particularly fast connection to the city center, as well as to the airport and main train station. This makes commuting to the city center, as well as accessing Hamburg's main train station and airport, convenient and efficient, even without a car, thanks to frequent service. This is a clear advantage for commuters and tenants alike, further enhancing the property's rental potential and attractiveness as an investment.