Engel & Völkers
KAT_4320

Attractive apartment building in a quiet location near Spandau's old town

€1,850,000
  • ~978.47 m² Total surface
  • ~978.47 m² Living area
  • ~514 m² Plot surface

Description

The property on offer was built around 1914 as a five-story apartment building. The eleven residential units are spread across a front building and a single-story side wing, and there is also a small shed for storing bicycles. The units are accessed via a well-maintained staircase, which exudes a special charm with its old stucco decorations and subtle glass embellishments. The side wing and the shed can be reached via the green inner courtyard. Regular maintenance work has been carried out on the property, for example, windows have been replaced with plastic insulated glass windows, and pipes and floors have been renewed or replaced. Renovations have been carried out in well over half of the apartments, including the kitchens and bathrooms, which correspond to the standard shown in the photos of the sample apartment. The very high attic with an area of approx. 200 m² has not yet been converted, but conversion appears possible. The coach house also has potential for conversion. The property is centrally heated with oil; the heating system dates from 1994 and hot water is supplied by instantaneous water heaters. The lighting situation in all parts of the building is very good due to the lack of side wings. Overall, the property is in good and attractive condition and is located in the "Spandauer Neustadt" environmental protection area. Spandauer Neustadt conservation area Good condition Attractive apartment sizes Oil heating Energy efficiency class D Attic not converted Fully let Average rent: EUR6.91/m² 9717
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-9717

Property details
  • Property type

    Investment

  • Total surface

    ~978.47 m²

  • Living area

    ~978.47 m²

  • Plot surface

    ~514 m²

  • Usable surface

    ~978.47 m²

  • Target return

    4.39 %

Energy efficiency information
  • Construction year

    1914

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Oil heating

Location: Spandau, Berlin

The property is located in a simple residential area north of Spandau's old town on Lutherplatz, close to Koeltzepark and Eiswerder. This residential area was built during the Wilhelminian period and still features its typical, simple, and appealing architecture. There are various cafés, restaurants, and shops nearby. The connection to the public transport network is very good. The Vivantes Clinic Spandau and the Havel River are also in the immediate vicinity. The Spandau old town and the Spandau long-distance/S-Bahn and U-Bahn station can be reached via the bus lines running in the immediate vicinity, providing good, direct connections to Berlin's city center. The Spandauer Arkaden shopping center is located directly at the long-distance train station and offers numerous shopping opportunities with its stores. Just a few meters away are Koeltzepark and Wröhmännerpark, as well as the Havel River, which are ideal for walking and relaxing. The citadel and Spandau's old town are also just a few minutes' walk away.

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