Residential complex surrounded by greenery on the outskirts of Berlin

€6,300,000
  • ~2,714 m² Total surface
  • ~2,714 m² Living area
  • ~5,888 m² Plot surface

Description

The block of flats, built in 1992, is fully let with the exception of two flats. There are 57 flats in total, accessed via six stairwells and divided into two- and three-room flats on each floor. All flats have fitted kitchens, balconies or terraces and have been gradually refurbished as tenants have moved out. Most recently, the windows were replaced with soundproof double-glazed units. Heating and hot water are provided centrally by gas. Overall, the electrical system and the fresh water and waste water pipework are in a condition typical of the building's age. At the rear of the site there are 17 garages, covered cycle parking spaces and a further 27 car parking spaces. An expired, favourable preliminary planning consent exists for this area, covering the construction of a building with approximately 30 flats and approximately 1,711 m² of living space. Overall, the block of flats is in good condition and is situated adjacent to a nature reserve. The property is not currently subject to any conservation order nor is it located within a regeneration area. Well-maintained condition Gas central heating 17 garage spaces and 27 parking spaces Mostly new soundproof double-glazed windows Good access to regional public transportation Approved potential for new construction with approx. 1,711 m² of living space Average rent for residential units: EUR11.25/m² 141722
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-141722

Property details
  • Property type

    Investment

  • Parking spaces

    27

  • Total surface

    ~2,714 m²

  • Living area

    ~2,714 m²

  • Plot surface

    ~5,888 m²

  • Usable surface

    ~2,714 m²

  • Target return

    6.26 %

Energy efficiency information
  • Construction year

    1992

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    102 kWh/m²a

Location: Blankenfelde, Blankenfelde-Mahlow

The municipality of Blankenfelde-Mahlow is situated in the southern suburbs of Berlin, around 22?km from Berlin city centre, directly adjacent to the Berlin district of Lichtenrade. The location benefits from its position within the Berlin-Brandenburg metropolitan region and, due to the continuous demand for housing in the affluent suburbs, ranks among the established residential areas with stable development prospects. Transport links are considered to be above average. There is a direct connection to Berlin city centre via the B96 federal road and the nearby 'Blankenfelde' S-Bahn and regional railway station. This is complemented by the area's integration into the regional rail network, as well as its proximity to the Berliner Ring motorway and BER Airport. Fasanenweg is situated in a quiet residential area comprising mainly small-scale housing developments. The neighbourhood is characterised by detached and semi-detached houses and a stable community structure. Its location at the end of a traffic-calmed street reduces through traffic. The local shopping centre around Brandenburger Platz is within walking distance. Here, residents have access to shops for everyday needs, as well as additional services and dining options. Furthermore, the adjacent green corridor along the Glasowbach stream has a positive impact on the quality of life. The existing open spaces and local recreational facilities help to foster a sense of community among residents and enhance the area's appeal, particularly for target groups with long-term housing needs, such as families or commuter households.

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