Apartment house with roof extension permit for 2 apartments with 225 m²
€1,600,000
~832 m² Total surface
~832 m² Living area
~440 m² Plot surface
Construction year 1907
Description
Built around 1907, this block of flats comprises four full storeys and an unfinished attic. The property has a basement and contains 15 residential units. Access is via two stairwells in the front and rear sections of the building.
Heating is provided by individual gas-fired radiators. Following tenant turnover over the past five years, a total of seven flats have been modernised to meet current needs, a factor reflected in the healthy growth in rents. As part of this work, the flats were re-wallpapered and repainted, electrical wiring was replaced, the bathrooms were re-tiled and, in some cases, new laminate flooring was laid or existing floorboards were refurbished. The layouts of the flats offer an interesting mix to meet current demand from singles and young families.
A planning permission dated 2021 was in place for the top floor, covering two flats with a total living area of approximately 225 m²; this permission has since expired.
The property is situated in the 'Spandauer Neustadt' heritage conservation area.
'Spandauer Neustadt' conservation area
Popular flat sizes
Quiet side street
Close to the old town
Gas central heating
Energy efficiency class F
Planning permission for the loft conversion already in place (building permit granted in 2021, now expired)
Average residential rent: approx. EUR9.61/sqm
11027
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-11027
Property details
Property type
Investment
Total surface
~832 m²
Living area
~832 m²
Plot surface
~440 m²
Usable surface
~832 m²
Target return
6.15 %
Energy efficiency information
Construction year
1907
Energy efficiency class
F
Energy certificate available
Yes
Energy certificate type
Demand certificate
Final energy demand
160.7 kWh/m²a
Heating consumption
161 kWh/m²a
Location: Spandau, Berlin
The property is situated in a central location in Berlin-Spandau. The surrounding area is characterised by a mix of infill development comprising residential and commercial buildings, as well as detached single-family and multi-family homes. The area features both buildings from the Gründerzeit era and new developments. The nearby Schönwalder Straße is home to numerous shops and service providers. There are numerous nurseries and a variety of schools of all types in the immediate vicinity. The park-like playground directly next to and behind the property has been refurbished with EU funding. The bus routes on Schönwalder Straße, which are within easy walking distance, provide access to the pedestrianised area of Spandau's old town, as well as the long-distance, S-Bahn and U-Bahn stations, all within a few minutes without the need to change. Right next to the main railway station are the Spandauer Arkaden, whose shops offer a wide range of shopping opportunities beyond everyday essentials. From Spandau station, you can reach the centre of Berlin in less than 30 minutes. To the north, within walking distance, lies the Spandauer Forst, which offers numerous opportunities for local recreation.
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