Engel & Völkers
Wohnungstüren

Well-maintained residential complex with parking spaces not far from the Havel River

€6,400,000
  • ~3,766.99 m² Total surface
  • ~3,766.99 m² Living area
  • ~4,413 m² Plot surface

Description

The residential complex is a quietly located property built in 1960. The property has 61 apartments, which are accessed via five stairwells. While some of the buildings have three or four stories, others have seven stories. The three corresponding stairwells are each equipped with a passenger elevator. The property is insulated and the apartments have refurbished wooden windows with double glazing typical of the year of construction. The stairwells are equipped with metal windows and doors. The property faces south-west and has optimal lighting conditions. All apartments have a balcony. Oil central heating provides heating for the property. Hot water is supplied decentrally. The property's electrical system is not centralized; the meters are located in the apartments. To the northeast, the property borders the Burgwallgraben with its spacious green area. This is a narrow branch of the Havel River, whose riverside paths are to be optimized in the near future, which will certainly further enhance the quality of living in the property. The property is located in the "Wilhelmstadt" redevelopment area. The redevelopment statute is scheduled to be repealed in 2026. As part of this, a compensation payment will be due to the city. The property is also located in the "Wilhelmstadt" environmental protection area. Wilhelmstadt conservation area Redevelopment area Quiet, green micro-location Well-maintained All units with balconies Oil-fired central heating Average rent: EUR7.15/sqm 153442
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-153442

Property details
  • Property type

    Investment

  • Parking spaces

    17

  • Total surface

    ~3,766.99 m²

  • Living area

    ~3,766.99 m²

  • Plot surface

    ~4,413 m²

  • Usable surface

    ~3,766.99 m²

  • Target return

    5.19 %

Energy efficiency information
  • Construction year

    1960

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Oil heating

Location: Wilhelmstadt, Berlin

The district of Spandau, located in the northwest of Berlin, is a sought-after and popular residential area due to its middle-class structures, its abundance of parks, waterways, and forests, and its good transport links to the city center. The "Wilhelmstadt" district is characterized by housing estates from the 1920s and 1930s as well as classic old buildings. Spandau's old town—with around 300 businesses, the largest pedestrian zone in Berlin—and the Spandauer Arkaden shopping center are only a few minutes away and offer numerous restaurants and extensive shopping opportunities for everyday needs. Cultural attractions can be found in the Spandau Citadel, among other places. Public transportation connections are provided by the "Rathaus Spandau" underground, suburban, and long-distance train station, as well as various bus lines. By car, you can reach the A100 motorway via the "Dreieck Charlottenburg" junction.

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