Eingangsbereich

A historically protected apartment building that is part of a homeowners' association

€8,500,000
  • ~3,264 m² Total surface
  • ~3,264 m² Living area
  • ~2,459 m² Plot surface
  • Construction year 1916

Description

The property is a multi-family residence with a total of 30 residential units, which are part of a condominium association. The historic building was constructed around 1916 and is part of a complex of buildings that was formerly used as a hospital. The complex was converted into high-quality apartments and underwent a complete renovation from 2009 to 2011. The residential units are fully leased, and all existing lease agreements are index-linked. The residential units are accessed via beautiful stairwells and complement the property's charming overall character. Hot water is provided centrally via district heating. The apartments feature high-quality finishes, including hardwood floors and modern bathrooms. All units also feature a balcony or terrace overlooking the stately estate with its extensive green spaces and the park-like character of the grounds. The apartments are in very high demand, particularly among young families, largely due to their location in a green setting. In addition, a total of 42 parking spaces are available for the apartment building. The property is not subject to any preservation ordinance. Quiet residential neighborhood on the outskirts of town Part of a historic landmark complex In very good condition District heating Energy efficiency class D Park-like grounds Parking spaces available No neighborhood protection restrictions Part of a condominium association Average rent for residential units: 12.23 EUR/sqm O101675
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O101675

Property details
  • Property type

    Investment

  • Parking spaces

    42

  • Total surface

    ~3,264 m²

  • Living area

    ~3,264 m²

  • Plot surface

    ~2,459 m²

  • Usable surface

    ~3,264 m²

  • Target return

    5.81 %

Energy efficiency information
  • Construction year

    1916

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    125.59 kWh/m²a

  • Energy source

    Long-distance heating

Location: Buch, Berlin

On the northern outskirts of Berlin, in the Pankow district, lies the Berlin-Buch neighborhood, which borders Brandenburg to the north and east and the Pankow district of Karow to the south. Situated on the Panke River, the town is characterized by its historic village center, the castle park, extensive hospital complexes, and more modern residential developments. Berlin-Buch is also an internationally renowned hub for science, medicine, and technology. For example, approximately 6,500 people work here in the healthcare sector alone. At its heart is the 32-hectare Berlin-Buch Campus, one of the largest biomedical sites in Germany. As a local recreational area, the forest directly surrounding the properties offers ideal conditions for a variety of leisure activities. Shopping options for everyday necessities are plentiful in the town center around Alt-Buch Street. Access to public transportation is well-served by various bus routes as well as the "Berlin-Buch" S-Bahn station. From there, you can reach the "Berlin-Friedrichstraße" S-Bahn station in about 25 minutes. By car, you can reach the nearby "Bucher Straße" highway on-ramp in less than ten minutes.

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