House for sale in Hamburg, Germany

Property Description Two-sided attached multi-family house with 3 apartments spread over 3 floors and a basement, with a total of 400.17 square meters of living space. Built in 1890 as a city villa. Room layout as follows: In the basement there are 2 corridors, 3 cellar rooms, and a bicycle room. In the lower ground floor there is a corridor, a shower room, utility room, bathroom/ WC, and 2 rooms, covering an area of 67.97 square meters. On the ground floor, there is an entrance, corridor, 2 rooms, kitchen, and a terrace, totaling 111.84 square meters. On the first floor, there are a corridor, 3 rooms, bathroom/WC, kitchen, and 2 balconies covering 107.53 square meters. The second floor has a corridor, 2 rooms, utility room/WC, kitchen, bathroom/WC, and a roof terrace, totaling 112.83 square meters. The residential building has an elevator, but heating and hot water supply are missing. It is mostly in a gutted state, with significant moisture damage visible. Parts of the roof covering, both building facades, and partially the top floor ceiling are particularly affected. Thoughts about Price The property is being auctioned by the competent local court with a market value of 3,910,000.00 EUR. You may secure a potential 30% discount on the market value, reducing the price for the above-mentioned property to only 2,737,000.00 EUR. Additionally, notary fees and agency commissions are waived. This property offers a great opportunity for investors or buyers looking to acquire a unique project with potential for renovation and restoration. Contact us for further details or to learn more about this property and other interesting real estate opportunities featured in our monthly real estate auction catalog.