Commercial property for sale • 820 m² without real estateKronsaalsweg 78 Eimsbüttel - Hamburg Stellingen Stellingen Hamburg 22525

Beautiful and well-known commercial property from the club and wellness sectors combined with a multi-family house where commercial leasing is also permitted, offering interesting yield potential.

The two buildings are located on an 864 m² plot in the commercial area of Hamburg-Stellingen.

There is a commercial building of approximately 600 m², divided into a 220 m² penthouse and 380 m² of commercial space, as well as a multi-family house with around 220 m² of living area.

All three floors are accessible via a large, glazed external staircase. The two lower floors also have an internal staircase. The interior layout can be adapted at any time, as the partitions are lightweight walls.

The commercial building was constructed in 1996 and has previously been used as a nightclub, event venue, swinger club, massage club, and even in the red-light district. At present, it is mostly rented on a daily basis as a party location with a large dance hall.

The lease term for a smaller area is currently kept short, so that the building can be handed over vacant.

The penthouse is luxuriously finished with a granite floor and features a large rear terrace that spans the entire width of the building, a kitchen, and a spacious bathroom in Mediterranean style with a shower, bathtub, two sinks, and a toilet.

In addition, there is a large fully equipped lounge, two single rooms, a guest/staff toilet, a dressing room, and a utility room with a washing machine and dryers.

Please refer to the floor plans for the exact layout, which can be easily modified to meet operational requirements.

The multi-family house consists of four residential units of 56, 60, 70, and approximately 30 m². All apartments are rented.

The house is fully basemented and the attic is developed and insulated.

In front of the house there are 4–5 parking spaces. Between the buildings there is an access to the rear building as well as a small green area.

The rental income for the multi-family house is approximately €2,750 net/cold, and for the commercial building it is €15–€18 net/cold per m².

Thanks to the rental income, the properties are particularly interesting as investment opportunities.

Additionally, owner-occupiers could enjoy very attractive design possibilities, as the buildings are located directly in the commercial zone.

The commercial area in Stellingen, within the Eimsbüttel district, offers ideal access to the A7.

A forward-looking noise protection project consisting of tunnels and walls is currently underway here. With the highway cover being built to the north, residents can already look forward to quieter surroundings and new park areas. Due to this cover, this part of Stellingen is seamlessly connected to the development stretching to Hagenbeck Zoo.

Overall, the environment is becoming more attractive, which is having a positive effect on property values.