A charming apartment block with a spacious garden and garages

€1,530,000

~499 m² Total surface
~499 m² Living area
~1,078 m² Plot surface

Description

Built in 1985, this apartment block is situated in a quiet yet sought-after residential area in the leafy Berlin district of Hermsdorf. The established neighbourhood is characterised by well-maintained residential properties, spacious plots, a high quality of life and strong rental potential. The property comprises a total of six residential units and four garage spaces. The building has undergone extensive refurbishment since 2015, covering both the building's technical systems and the individual residential units and outdoor facilities. The attic was converted as early as the 1990s; over the last ten years, it has been completely renovated. As part of extensive works, all flats have been modernised. The units now feature, for the most part, refurbished bathrooms, floors, wall surfaces, fitted kitchens and, in some cases, new radiators and interior doors. The building's technical infrastructure has also been fundamentally upgraded: the waste and fresh water pipes, as well as all electrical supply lines and sub-distribution boards, have been replaced, and the electricity meters have been centralised in the basement. Hot water is supplied locally via instantaneous water heaters. The property is heated by a gas central heating system installed in 2006. In 2020, the façade underwent extensive refurbishment and was fitted with modern thermal insulation. The PVC-framed insulated windows were installed in 2015. Additional work was carried out on the roof, including the repair of the roof structure. The communal areas have also been continuously maintained and modernised. The stairwell has been refurbished and is in a well-maintained condition. Furthermore, a new refuse collection point and bicycle parking spaces have been created. The outdoor facilities have been redesigned and include a spacious, attractively landscaped garden area. Each residential unit has its own tenant's cellar. The property is now in a very well-maintained overall condition with up-to-date technical fittings and a sustainably secured structure. Particularly noteworthy is the combination of a quiet, green location in north Berlin and the modernisation strategy consistently implemented in recent years, which makes the property an attractive long-term investment. The property is not located in a conservation or regeneration area. Charming residential area Not a conservation or regeneration area Completely refurbished Very well maintained Gas central heating installed in 2006 Energy efficiency rating: D Converted attic Spacious garden Four garages Thermally insulated facades Average rent for residential properties: EUR12.32/sqm 156571

Engel & Völkers Commercial Berlin

+49 30 20346 0

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-156571

Location: Hermsdorf, Berlin

The property is situated in the sought-after Berlin neighbourhood of Hermsdorf in the Reinickendorf district – one of the most sought-after residential areas in the northern part of the city. Hermsdorf is characterised by its green, peaceful yet exceptionally well-connected micro-location and is considered particularly attractive to families. The neighbourhood is characterised by low-density residential development featuring villas, detached and terraced houses, well-maintained gardens and a well-established infrastructure. The proximity to extensive woodland and recreational areas such as the Tegeler Forst and the Fließtal offers excellent leisure and recreational opportunities and underscores the location's close-to-nature character. At the same time, excellent transport links to Berlin city centre are guaranteed. The nearby Hermsdorf S-Bahn station (lines S1 and S85) provides a direct link to Berlin city centre, including Berlin-Mitte. This is complemented by several bus routes and quick access to the A111 urban motorway, which enables a swift connection to both the city centre and the wider Berlin area. Local amenities are comprehensively catered for by a variety of shops, supermarkets, bakeries, pharmacies and restaurants in the immediate vicinity. The proximity to the centre of Frohnau further enhances the range of amenities available for everyday needs. Furthermore, Hermsdorf boasts a wide range of nurseries, schools and medical facilities, making the location particularly attractive for families. Overall, the micro-location combines a high quality of living with stable demand and excellent letting conditions.