Engel & Völkers

Fully let apartment building ensemble with underground parking garage

€5,700,000
  • 2,309 m² Total surface
  • 2,309 m² Living area
  • 1,733 m² Plot surface

Description

The two residential buildings with full basements were built in 1989 and 1991 as pure front buildings. The five storeys and the converted attics of the two buildings contain a total of 32 residential units, divided equally, of which around 14 units have been renovated or modernised in recent years when tenants changed and are equipped with balconies, fitted kitchens and laminate flooring. An underground car park with 18 parking spaces is located in the basement. The properties are each heated by a new gas-fired central heating system from 2024. Overall, the ensemble is in a well-kept to good condition in keeping with its age. The entire complex was built as social housing. No follow-up funding was granted and there are no subsequent commitments. The property is not located in a conservation or neighbourhood protection area. No milieu protection Balconies Four handicapped accessible apartments on the ground floor Garden areas Good condition 18 underground parking spaces Attic is converted Gas central heating from 2024 Average residential rent: 9.55 EUR/m² O10991

Features
Garage
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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-O10991

Property details

Object type

Apartment House

Garages

18

Total surface

2,309 m²

Living area

2,309 m²

Plot surface

1,733 m²

Target return

4.92670736842105 %

Energy efficiency information

Construction year

1989

Energy efficiency class

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Energy certificate available

Yes

Energy certificate type

Demand certificate

Final energy demand

150 kWh/m²a

Heating consumption

150 kWh/m²a

Energy includes hot water

No

Location: Reinickendorf, Berlin

The property is located in the district of Reinickendorf, on the north-western edge of Berlin. The neighbouring districts are Spandau to the south-west, Charlottenburg-Wilmersdorf to the south, Mitte to the south-east and Pankow to the east. The entire north borders the Brandenburg district of Oberhavel. The nearby and popular shopping and catering mile Residenzstraße offers very good shopping opportunities. The Volkspark Schönholz offers good leisure and recreational opportunities. There are good transport links both by car and by public transport.

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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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