reference object
City: Hamburg
District: Harburg
Year of settlement: 2002

The previous owner is a doctor and he purchased the multiple family dwelling for a high multiplier value. The need for restoration was underestimated and the height of the purchase price insufficiently considered. In addition, after the purchase, dry rot was determined and also made extensive restoration necessary. The private owner was no longer willing to pay the high restoration costs. We sold the object to a redeveloper with a knowledge of the district, who found an advantageous cost situation.

End of the 1900’s real estate with a great need of restoration

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