Multi-family house with outbuilding and large garden in Spandauer Neustadt
Price
€1,650,000
Multi-family house with outbuilding and large garden in Spandauer Neustadt
€1,650,000
~858.38 m² Total surface
~858.38 m² Living area
~805 m² Plot surface
Description
The property is a multi-family house built around 1905 with a total of 13 apartments spread over four full floors and the converted attic in the front building and a two-story carriage house extension. The carriage house annex currently contains an apartment used by the owner, which could be vacated, while the remaining units are rented out. The property is in a solid and very well-maintained condition, both technically and visually. Old building details, such as stucco in the entrance area and in the apartments, historic doors, the old stair railing, and corresponding ceiling heights, are present. The apartments in the front building are accessed via a well-maintained staircase and heated by oil central heating. Hot water is supplied decentrally via instantaneous water heaters. Most of the units are equipped with wooden double-glazed windows and some also have plastic windows. The property has been largely renovated. The water supply and sewage pipes were partially replaced. At the end of the 1990s, the electrical system throughout the property was replaced and centralized in the basement. The carriage house extension was also completely renovated and equipped with full thermal insulation and underfloor heating. Around the year 1993, the attic was converted into an additional unit. The remaining apartments were modernized as needed or when tenants changed. The facades and stairwell were also renovated. The front facade was repainted in 2025. The basement is well maintained and shows no apparent defects. Also worth mentioning is the attractive garden, which is very well maintained and offers a pleasant lounge area for tenants. The property is located within the scope of a preservation statute, the "Spandauer Neustadt" environmental protection area.
Spandauer Neustadt conservation area
Quiet residential area
Well maintained
Some original features retained
Converted coach house
Energy efficiency class D
Converted attic
One unit owner-occupied
Spacious garden
Oil-fired central heating
Fully let
Average rent for residential units: 8.79 EUR/sqm
50064
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-50064
Property details
Property type
Investment
Total surface
~858.38 m²
Living area
~858.38 m²
Plot surface
~805 m²
Usable surface
~858.38 m²
Target return
5.57 %
Energy efficiency information
Construction year
1905
Energy efficiency class
D
Energy certificate available
Yes
Energy certificate type
Energy Consumption Certificate
Energy source
Oil heating
Location: Spandau, Berlin
Spandauer Neustadt is located north of Spandauer Altstadt and presents a uniform overall picture thanks to its closed apartment block district with typical Berlin character. The existing buildings are mostly well maintained and the infrastructure is good. Surrounded by Wröhmännerpark and Koeltzepark, this area offers two additional recreational opportunities in addition to the publicly accessible banks of the Spree. Spandau's old town is within walking distance, about ten minutes away. Bus lines running in the immediate vicinity provide direct connections to the "Spandau" long-distance/S-Bahn and U-Bahn station, Charlottenburg Palace, and City West. Right next to the long-distance train station are the "Spandauer Arcaden," which offer numerous shopping opportunities with around 100 stores.
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