Residential and commercial building near Spandau Old Town

The property is a residential and commercial building constructed around 1900 with 26 apartments and two commercial units. These are spread over five full floors in the front building, a left wing, and a transverse building. The commercial units are occupied by two restaurant operators with lease terms until January 31, 2028, and December 31, 2032, respectively. The property is accessed via three well-maintained stairwells and is in a solid and well-maintained condition, both technically and visually. Some old building details, such as historic doors and the old stair railings, have been preserved. The fully let residential units are supplied with hot water and heat via a gas central heating system that was installed in 2015. In 2000/2001, fundamental renovation work was last carried out, such as the renewal of the water and sewage lines, the renewal and centralization of the electrical systems within the apartments, and the general building services. New plastic insulated glass windows were also installed on the facades facing the courtyard and 16 bathrooms were renovated. All units were equipped with hot and cold water meters. Over the last few years, the property has been continuously maintained, with parts of the roof being replaced, the facades re-plastered, and further measures carried out in the apartments. The attic has not been converted. The property is located within the scope of a preservation statute, the "Spandauer Neustadt" environmental protection area. Spandauer Neustadt conservation area Quiet location Fully let Well maintained Gas central heating Energy efficiency class E Average rent for residential properties: EUR7.72/sqm Average rent for retail properties: EUR8.28/sqm 10604