House for sale • 390 m² without real estateOktaviostr. 2A Hamburg Marienthal Hamburg 22043

For sale is an elegant villa in a prime location in Hamburg Marienthal, which comprises three independent apartments. The offer is particularly attractive because the largest of the three residential units (raised ground floor) comes with its garden free and available. This presents an opportunity to renovate according to your own ideas as well as for owner-occupancy.

The two rented units (first floor and attic) are currently leased for a total annual net cold rent of 32,700 EUR. The now vacant apartment on the raised ground floor (including the basement) was most recently rented at a cold rent of 2,630 EUR. Assuming a re-letting at this rate, the annual net cold rent would amount to approximately 64,000 EUR. This makes the property appealing for capital investors as well.

Oktaviostraße is considered one of the most sought-after residential areas in Wandsbek, particularly in Marienthal. Large villas, abundant greenery, and mature trees define the character of the street. Thanks to its combination of a central and green location, Marienthal is a highly desirable district in eastern Hamburg, not far from Wandsbek. Wandsbek Markt—with its U-Bahn and bus connections—and the Wandsbek Quarree can be reached within minutes.

The house is in well-maintained condition. Much of the building’s technical equipment dates back to the 1990s, yet it is evident that great value was placed on high-quality fittings. A new gas central heating system was installed just a few years ago.

The now vacant apartment on the raised ground floor requires renovations, and in the basement (usable area) additional work may be needed, depending on the intended use. It was comprehensively redesigned in the mid-1990s according to the ideas of the then owner. Here, tile and carpet flooring have been installed. In the rented apartment on the first floor, the original wooden boarding floor remains, along with many charming period details. The apartment in the attic was later developed, and it too features a beautiful wooden floor.