Historic old building near Koeltzepark and Insel Eiswerder
Price
€2,600,000
Historic old building near Koeltzepark and Insel Eiswerder
€2,600,000
~1,330.23 m² Total surface
~1,330.23 m² Living area
~851 m² Plot surface
Description
The property is an apartment building constructed around 1905 with a total of 20 apartments. The units are spread over four full floors and a converted attic in a front building only and are currently fully let. The property is accessed via two well-maintained stairwells and is in good condition externally. Old building details such as an ornate facade, historic doors, and original stair railings have been preserved. The units are heated by oil central heating dating from 1996, while hot water is provided decentrally via instantaneous water heaters. The quiet inner courtyard features a small green area with a covered space for waste disposal. Due to their sizes of between approx. 51 and 99 m², the units are considered to be very easy to rent out. Most of the apartments have wooden floors, and some also feature stucco elements and fitted kitchens. The units have been gradually renovated when tenants have moved out, and some of the wiring has also been replaced. The electrical system was last renovated in the 1970s. A fiber optic connection is available. Most of the apartments have a balcony or loggia. The attic was converted in the 1990s. The property has a full basement. The property is located within the scope of a preservation statute, the "Spandauer Neustadt" environmental protection area.
Spandauer Neustadt conservation area
Sought-after residential area
Residential building only
Old building details
Some balconies available
Oil central heating
Energy efficiency class D
Attic converted
Fully let
Average rent for residential units: 8.22 EUR/sqm
6846
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-6846
Property details
Property type
Investment
Total surface
~1,330.23 m²
Living area
~1,330.23 m²
Plot surface
~851 m²
Usable surface
~1,330.23 m²
Target return
5.05 %
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.