Discreet Hamburg Deal

100% Let, 23x Multiplier

All images used are for illustrative purposes only and do not show the actual asset.

Property Summary – Hamburg-Niendorf

Prepared for internal buyer discussions.

Key Details

Guide Price: €5,590,000
Net Annual Rental Income (Nettokaltmiete): €240,351.48 (€20,029.29/month)
Multiplier (Factor): 23.26
Usable Area: approx. 1,222 m²
Plot Size: approx. 1,207 m²
Construction Year: 1984
Commercial Units: 9 (used as medical practices, including pharmacy, general practitioner, oral surgeon, pediatrician, gynecologist, dentist, midwife, and massage therapy)
Occupancy: 100%
Storage Units: 4
Parking Spaces: 29 (15 underground, 14 surface)
Energy Performance Certificate: Consumption-based, Class F, 175 kWh/(m²a)
Heating: Central gas heating

Location

The property is situated in central Niendorf-Nord (Hamburg), close to the U2 subway line and several bus connections. The area includes residential buildings, services, and a nearby senior living facility (Kursana Residenz). The city center is reachable within 30 minutes by public transport or car. The A7 motorway (HH-Schnelsen junction) is approx. 6 minutes away.

Tenant Overview (Excerpts)

Ground Floor: Pharmacy – €6,083.06/month (since 2009)
1st Floor: General Practitioner – €2,505.44/month (since 2005)
2nd Floor: Oral Surgeon – €3,608.47/month (since 2016)
3rd Floor: Pediatrician – €2,150.00/month (since 2007)
Other tenants include a dentist, OB/GYN, massage practices, and a midwife.
Total commercial rental income: approx. €19,147.25/month
Storage + Parking rental income: approx. €882/month

Disclaimer

All information herein was provided by the property owner and/or their former off-market representative and is presented without warranty. Interested parties are advised to conduct their own due diligence. This summary is non-binding and for informational purposes only; all details are subject to change.

Generated for internal use – July 14, 2025

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