Hamburg is Germany’s second richest city and Germany’s largest port. The city has a population of 1.7 million, with over 4 million people in the greater metropolitan area. Unlike many of the cities in Germany, the population of Hamburg is increasing, which is a reflection of its underlying economic strength and its importance as a global centre of trade.

Willemsburg offers an outstanding living environment. Hamburg city centre (main station) can be reached by rapid railway form the Wilmsburg S-bahn station which is only 3 minutes by foot from here or you could drive to the centre is approx 8 minutes. Wilmsburg is also strategically well placed between the A1, A7, A25, B75 and this is an important factor for the future growth of this quarter. This location is fair. But it is a popular residential location and there should be no tenant problems and it should be relatively easy to achieve full occupancy at all times.

The block includes the following:

• 12 apartments over 3 floors
• 3 commercial units

The commercial units are a travel agency, a small restaurant and newsagents.

In addition we already have a quote from a good builder to redevelop the attic space into 4 more apartments, total space 151.04 sqm. Work should take approximately 3 months. These apartments will easily let in this location for 7.9 EUR per sqm (cold rent) i.e. it makes good sense to do this.

The building has modern gas heating. Between 1985-1987 bathrooms were refitted (to include wall mounted WCs and showers), plumbing and electrics were modernised, stairways for 7 and 9 were modernised and kitchens were tiled. Windows are double-glazed.