Engel & Völkers
Eingangsbereich

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
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Engel & Völkers Commercial Berlin

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.

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