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

A beautiful and well-known commercial property from the club and wellness sector, combined with a multi-family house in which commercial leasing is also permitted – offering interesting yield possibilities.

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

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

All three floors can be accessed via a large, glazed external staircase. The two lower floors also have an internal staircase. The interior design can be modified at any time since the walls are built as lightweight partitions.

The commercial building was constructed in 1996 and has already been used as a discotheque, event venue, swinger club, massage club, office, showroom, residential space, or even in the red-light district. Currently, it is mostly rented out on a daily basis as a party location featuring a large dance hall.

The lease term for a smaller part of the building is currently kept short so that the building can be handed over free of encumbrances.

The penthouse is finished to a high standard with granite flooring and features a large rear terrace that spans the entire width of the building, a kitchen, and a spacious Mediterranean-style bathroom equipped with a shower, bathtub, two washbasins, and a WC. In addition, there is a large, fully equipped lounge, two single rooms, a guest/staff WC, a changing room, and a utility room with a washing machine and dryers.

Please refer to the floor plans for the exact layout, which can be slightly altered to meet the specific requirements of the business.

The multi-family house consists of four residential units measuring 56, 60, 70, and approximately 30 m². All apartments are rented. The house is fully basemented and the attic has been developed and insulated.

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

The rental/lease income for the multi-family house amounts to approximately €2,750 net cold rent, and the commercial building generates €15–€18 net cold per m². With these rental incomes, the properties are particularly interesting as investment opportunities.

Even owner-occupation should offer very attractive design possibilities, given that the buildings are located directly in the commercial area.

The Hamburg-Stellingen commercial area in the Eimsbüttel district offers an ideal connection to the A7. A forward-looking noise protection project made up of tunnels and walls is currently being developed here. Since the highway cover in the northern direction is under construction, residents can look forward to increased tranquility and new park areas. Thanks to this cover, this part of Stellingen is seamlessly connected to the development leading up to Tierpark Hagenbeck. Overall, the surroundings are becoming more attractive, which is expected to have a positive effect on property prices.