A fully let block of flats in a sought-after residential area

€2,000,000
  • ~862 m² Total surface
  • ~862 m² Living area
  • ~817 m² Plot surface
  • Construction year 1996

Description

The property is a block of flats built around 1996, comprising a total of 15 residential units. The units are spread over four full storeys and the top floor. The building is currently fully let. Access to the property is via a well-maintained staircase, and it is in a very good condition, both visually and technically, and is typical of its year of construction. The flats are supplied with heating and hot water via a gas-fired central heating system. All flats have balconies. Maintenance and repair work has been carried out in recent years. This included ensuring the basement was watertight, as well as renovating the bathrooms, floors and façade. Apart from the replacement of the attic windows in 2024, no major refurbishment works are planned. According to the owner, further repair works are planned prior to the sale. Among other things, all necessary window repairs are to be carried out, the balcony floor structures are to be repaired, and the entrance ramp, the roof structure over the entrance to the bicycle storage room, and the extractor fans in the bathrooms and kitchens are to be replaced. The well-maintained courtyard features five parking spaces for cars and an area for waste disposal. There are also bicycle storage rooms for tenants in the basement. The property is not currently situated within an area subject to a conservation order. Not a protected neighbourhood Sought-after residential area Very well maintained Balconies Gas central heating Converted attic Spacious plot of land Car parking spaces Average rent for residential properties: EUR9.87/sqm 133308
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-133308

Property details
  • Property type

    Investment

  • Parking spaces

    5

  • Total surface

    ~862 m²

  • Living area

    ~862 m²

  • Plot surface

    ~817 m²

  • Usable surface

    ~862 m²

  • Target return

    5.2 %

Energy efficiency information
  • Construction year

    1,996

  • Energy certificate available

    No

Location: Niederschönhausen, Berlin

This apartment block is situated in the district of Pankow, in the neighbourhood of Niederschönhausen. Public transport links are excellent, with several bus routes and the 'Wilhelmsruh' S-Bahn station. This means you can reach Berlin city centre in no time. Access by car is via the main road – Kopenhagener Straße and Germanenstraße. There are plenty of shops for everyday needs, as well as restaurants and cafés, in the surrounding area. Residents can enjoy local recreational opportunities in the park by Lake Wilhelmsruh and in the Schönholzer Heide public park.

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