House for sale • 437 m² without real estateEddelbüttelstraße 25, 25a Hamburg-Harburg Harburg Hamburg 21073

SOLID INVESTMENT PROPERTY IN THE PHOENIX DISTRICT – WITH ATTRACTIVE APPRECIATION POTENTIAL

In the heart of Hamburg-Harburg, in the popular Phoenix district, this well-maintained and consistently attractive existing property (built in 1890) presents itself as a classic investment with long-term development potential.

The ensemble consists of a multi-family house with eight residential units as well as a separate back house with an additional apartment and garden usage on approximately 436.89 m² of living space, situated on a 472 m² plot.

Additionally, there is further potential for expansion in the attic (staircase already present).

The property impresses with predominantly long-term and reliable rental agreements that ensure stable income. At the same time, there is attractive potential for rent increases, as several units are currently rented below market level. The current annual net cold rent amounts to approximately €62,800, with additional potential through re-letting and adjustments.

A key advantage is the gas central heating system renewed in 2024, including the exhaust system and hydraulic balancing, which means that no immediate modernization needs for the heating technology are expected in the long term.

Purchase price: € 1,195,000

Factor: 19.02

Commission-free for the buyer.

The residential building is centrally located and offers excellent infrastructure as well as convenient access to public transportation. The local recreation area, Außenmühlenteich, and Harburg S-Bahn station are within walking distance. The Phoenix district originated during the Gründerzeit era, and many of the old houses are still preserved, lending the streets a nostalgic charm.

In this approximately 25-hectare district, around 9,500 residents live, and there are about 135 businesses. The district received its name from the Phoenix Rubber Works, which were once located right by Harburg station. Today, the former factory complex houses a hotel and a shopping center (Phoenix Center).

HIGHLIGHTS AT A GLANCE:

+ Attractive rental building ensemble with a total of 9 residential units

+ Central location in the popular Phoenix district with excellent infrastructure

+ Stable rental income through predominantly long-term tenancy agreements

+ Potential for rent increases

+ Annual net cold rent of approximately €62,800 with additional development potential

+ Approximately 436.89 m² of living space on a 472 m² plot

+ Spacious, landscaped courtyard with garden character offering a tranquil retreat

+ Separate back house with potential for re-letting including garden usage

+ Option for further expansion in the attic – additional potential for value appreciation

+ Gas central heating (renewed in 2024) including exhaust system and hydraulic balancing

+ Well-maintained overall condition with classic old building charm (built around 1890)

+ Walking distance to Harburg S-Bahn station, Phoenix Center, and Außenmühlenteich

+ Commission-free offer for buyers

IMPRINT

HAFERKAMP GmbH

Strandallee 11

23683 Scharbeutz (Haffkrug)

Phone: 04563 / 423998-0

Fax: 04563 / 423998-9

E-mail: info(at)haferkamp-grundbesitz.de

Managing Director: Jens-Hendrik Haferkamp

District Court Lübeck HRB 23030 HL

VAT-ID: DE304113136

Business activity requiring a license pursuant to § 34c Para. 1 of the Trade Regulation Act

Supervisory Authority:

Municipality of Scharbeutz (Trade Office) · Am Bürgerhaus 2, 23683 Scharbeutz

Haferkamp Grundbesitz is a trade name of Haferkamp GmbH

Content Responsible according to § 6 MDStV:

Jens-Hendrik Haferkamp