Complex of 54 Micro Apartments in Hamburg for Sale
Property type: complex of serviced apartments
Micro apartments: 54
Completion: Q1 2024
Total building area: ca. 2,050 m2, incl.:
• serviced apartments: ca. 1,300 m2
• commercial space: ca. 70 m2
Plot area: ca. 500 m2
Location: Barmbek-Süd, Hamburg, Germany
• Hamburg is the second-largest city in Germany with a population of over 1.8 million
• property is located in Barmbek-Süd (North East Hamburg)
• Barmbek-Süd is a densely built-up residential quarter with parks, shops, cafes and places of leisure
• the nearest underground station is just 250m from the property
Options of acquisition:
1. Complex of micro apartments is for sale with
Vacant Possession (i.e. Free of Management).
2. However, we can assist the potential buyer in the selection of a
suitable serviced apartment’s operator for long-term lease agreement:
∙ with indexation of yield linked to inflation
∙ with a bank guarantee
∙ with
Double net lease (NN lease): tenant (Hotel operator) is responsible for almost all operating expenses (including land tax, building insurance, minor repairs, etc.), except for total building renovation; the owner is responsible only in the case of a potential renovation of the entire building
• Rental Income: ca. 570,000 EUR per annum (+ index linked to inflation)
• Yield: 4.0% per annum
Purchase price: 14,000,000 EUR
(+ closing costs)
