House for sale in Hamburg, Germany

Property Description: Two-sided attached residential and commercial building with seven apartments and one commercial unit. The property is four stories high and has a living area of 499 sqm and a usable area of 111 sqm. The building was likely built around the year 1950, and the apartment windows were modernized in 1980. The building has a gas central heating system from Elco Klöckner installed in 2005 for heating. Hot water is provided either by electric storage devices or instant water heaters. There is a comprehensive need for repair and modernization. The property is located in the preservation area of Eilbek according to the Social Preservation Ordinance. Price Thoughts: The property is being auctioned by the competent local court with a market value of 1,000,000.00 EUR. There is a potential discount of up to 30% off the market value, making the property available for 700,000.00 EUR. Additionally, notary fees and broker commissions are waived. This property offers a great opportunity for investment or renovation in a desirable location. Contact us for more information.