Apartment building in the immediate vicinity of Maybachufer

The apartment block was built around 1910 and is now in its third generation of family ownership. The 34 residential units are spread over five full storeys in the front building, side wing and transverse building. The property is accessed via two well-kept stairwells, presents itself visually in a well-kept condition and has numerous old building details. Some of the fully let residential units have balconies facing the quiet Spremberger Strasse and are heated by gas-fired floor heating. 21 units are let with gross leases. These rents have been netted in the exposé in accordance with the utility bills. The top floor appears to be capable of being converted in principle, but a conversion licence has not yet been granted. The roof has been renewed in the last ten years. Furthermore, around 50% of the flats have been modernised in the last 15 years. No other major refurbishment measures have taken place, but the property has been continuously and conscientiously maintained. The property is located within the scope of a conservation statute, the 'Reuterplatz' neighbourhood protection area. Highly sought-after location in the immediate vicinity of Maybachufer Well maintained condition Gas heating Predominantly gross leases Partial balconies Attic appears to be expandable Approx. 50 % of the residential units renovated in the last 15 years Purely residential "Reuterplatz" milieu protection area Average residential rent: EUR 7.41/sqm 51475