Engel & Völkers
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Fully let residential building in Spandau

€1,150,000
  • 672 m² Total surface
  • 672 m² Living area
  • 370 m² Plot surface

Description

The property is an apartment building built around 1900 with twelve residential units spread over four full floors in the front and rear building. The property is accessed via two stairwells and presents itself visually in a well-kept but rather simple condition. Numerous old building details, such as decorative stucco elements in the entrance area and the front façade, historic doors and corresponding ceiling heights, are present and lend the property its charm. The residential units in the front building, which are currently fully let, are heated by gas floor heating and in the rear building by gas central heating. Several modernization measures have already been carried out in recent years. In recent years, for example, the roof in the rear building was renewed and parts of the façade cornice were renovated and professionally painted. The roof cornice was also refurbished and painted in 2018. The apartments were successively modernized when tenants changed. However, no fundamental refurbishments have taken place in recent years. The property is currently located in the "Spandauer Neustadt" milieu protection area. Purely residential use Neighbourhood protection area 'Spandauer Neustadt' Attic not converted Gas floor and gas central heating Attractive flat sizes Old building details available Simple condition Average residential rent: EUR 7.32/sqm 130636

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-130636

Property details

Object type

Apartment House

Total surface

672 m²

Living area

672 m²

Plot surface

370 m²

Target return

5.13705391304348 %

Energy efficiency information

Construction year

1900

Energy efficiency class

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Energy certificate available

Yes

Energy certificate type

Energy Consumption Certifiate

Location: Spandau, Berlin

The property is located in a sought-after residential area in the district of Spandau. The residential area is characterized by a large number of predominantly renovated old buildings, including many prestigious town houses. Schönwalder Straße with its numerous shopping facilities for daily needs runs in the immediate vicinity. Utilities and schools are within walking distance. Two bus lines provide direct connections to the old town of Spandau with its popular pedestrian zone and the mainline/subway station, as well as Charlottenburg Palace and City West all the way to the Zoological Garden without having to change buses. The Spandauer Arkaden shopping center is located directly next to the long-distance train station and, with its 125 stores, offers numerous shopping opportunities, even for everyday needs. The Wröhmännerpark and the Havel with its numerous lakes are also nearby. The newly designed riverside promenades invite you to take a leisurely stroll.

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Your shop

Engel & Völkers Commercial Berlin

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Provider:

License partner of Engel & Völkers Commercial GmbH

Commission details

The brokerage fee of 7.14% of the purchase price including VAT is payable by the buyer.

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