Flat for sale Studio • 49 m² without real estateBegonienweg 10 Hamburg-Wandsbek Wandsbek Hamburg 22047

This 1.5-room condominium is located on the 2nd floor of a multi-family building constructed in 1995 on Begonienweg, a quiet, traffic-calmed residential street in the Hamburg district of Wandsbek. On 48.56 m², the apartment offers a compact, functional floor plan with a balcony, kitchen, bathroom, and hallway. The entire property is supplied by a gas central heating system.

The apartment has been permanently rented since 1999 (net rent: €619.14/month, with the statutory notice period) and is therefore suitable both for investors seeking stable, long-term rental income and for owner-occupiers with a long-term perspective. The condition is in need of renovation, which is already reflected in the purchase price, giving buyers the opportunity for individual modernization and value enhancement.

Additionally, the apartment comes with an exclusive basement storage room and its own underground parking space, providing a weather-protected and secure parking spot right at the building—a real advantage in this location. Note that there is no elevator in the building.

For investors: The apartment currently generates an attractive gross rental yield and offers predictable income without rental risk from the time of handover due to the long, stable tenancy.

For owner-occupiers: As the lease has been in place since 1999, the statutory notice period of up to 9 months applies in the event of termination for personal use. Alternatively, the apartment is ideal for taking over as a rental initially and later using it personally.

Note: To protect the tenant's privacy, no interior photographs of the apartment are published in this advertisement. The energy certificate will be presented during a viewing.

Begonienweg is located in the Wandsbek district (ZIP 22047)—an established, green, and popular residential area in northeast Hamburg. The street itself is a quiet, traffic-calmed access road with a 30 km/h zone, paved road, and sidewalks on both sides—ideal for families and anyone who enjoys 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 multi-family houses, plenty of green space, and short distances to local amenities: supermarkets, doctors, pharmacies, daycare centers, and schools are all within walking or cycling distance. The Wandsbek Center, featuring the Wandsbek-Quarree shopping center, numerous shops, cafes, and restaurants, is just a few minutes away and covers nearly all daily needs.

Outstanding public transportation connections:

• The “Friedrich-Ebert-Damm (West)” bus stop is reachable in about 4 minutes on foot – from there, lines 8, 16, and 171 continue directly to the surrounding districts and the nearest rapid transit stations.

• The Wandsbek-Gartenstadt U-Bahn station (U1/U3) is about a 14-minute walk away or a few minutes by bus – from there, you can take the U1 directly and without transfers to Hamburg’s city center (Jungfernstieg) as well as further towards Alstertal, Volksdorf, or Norderstedt.

• Alternatively, the Wandsbeker Chaussee station (U1, S1), which offers U-Bahn and S-Bahn connections plus additional bus lines, is reachable in a short journey and provides particularly fast links both to the city center and towards the airport and main train station.

This means that commuting daily to the city center and accessing Hamburg’s main station and airport without a car is both comfortable and frequent—a clear advantage for commuters and tenants alike, further enhancing the property’s appeal as an investment.

The parking space is included in the purchase price.