House for sale in Hamburg, Germany

Property Description: This building is a multi-family house with four apartments. It is one story and has a basement, as well as a converted attic. The living space is 315 m² and there is also a shed and a tool house. The house was built in 1962 and was originally designed as a two-family house. The room layout is as follows: In the basement, there are the utility room, the boiler room, and two basement rooms. Additionally, there is a hallway, two rooms, a bathroom/toilet, and a kitchen. On the ground floor, there is a hallway, a guest toilet, four rooms, a bathroom/toilet, a kitchen, and a terrace. In the attic, there is a hallway, a bathroom/toilet, a kitchen, two rooms, and a balcony. Also in the attic: another hallway, a bathroom/toilet, a kitchen, a room, and a balcony. The heating and hot water supply is provided by an oil central heating system from the late 1990s, and hot water is also generated by a heat pump. The apartment in the basement is not approved as residential space. The residential building has not been modernized for many years, only essential work has been carried out. As a result, the building's condition is no longer contemporary from a technical and energy perspective. Some parts of the facade, roof, windows, floors, heating system, and sanitary facilities are outdated and overall show below-average condition. An interior inspection of the rooms in the basement was not possible. Price Thoughts: The property is being auctioned at a traffic value of 1,320,000.00 EUR. However, there is a possibility of securing a 30% discount on the traffic value, allowing you to purchase the above-mentioned property for only 924,000.00 EUR. Furthermore, there are no notary fees or agency fees involved. While the property is in need of modernization, this presents a great opportunity for buyers looking to invest in a property with potential for improvement and value appreciation. Contact us for further information and to take advantage of this opportunity.