Split multi-family house including adjoining property with building potential in a good location in Lichtenrade

The property is an apartment block built in 1992 and a directly adjoining plot of land measuring approx. 1,537 sqm. The apartment building has a total of 18 residential units and two parking spaces, which are fully let. It was divided in the land register in June 2020 according to WEG, resulting in approx. 72% pre-emption rights. The five-storey property has a basement and is accessed via a well-kept stairwell and an internal passenger lift. All flats have either a balcony, terrace or garden and are equipped with fitted kitchens, double-glazed windows and laminate flooring. The flats are attractively designed and offer sought-after flat sizes between approx. 47 and 101 sqm. Heating is provided by gas central heating, which was renewed in 2016. The hot water supply is also centrally controlled. The property is in a well-kept condition and there is no maintenance backlog. The undeveloped plot of approx. 1,537 sqm, which is located at the end of the residential street, had a positive preliminary building permit until 2023. This envisaged the construction of an identical building with approx. 1,178 sqm of living space. The preliminary building permit envisaged the realisation of an apartment building with four full storeys and a staggered storey with a gross floor area of approx. 1,490 sqm. The property is not located in a redevelopment or neighbourhood protection area. Not a protected area Quiet and sought-after residential area Divided apartment building with 18 residential units Gas central heating Balconies or terraces Elevator Fully rented Property with approx. 1,545 sqm Planning potential to build approx. 1,490 sqm GFA Average residential rent: 8.69 EUR/sqm O11930