Engel & Völkers
Hauseingang

Fully let apartment building ensemble with underground parking garage

€5,700,000
  • ~2,308.57 m² Total surface
  • ~2,308.57 m² Living area
  • ~1,733 m² Plot surface

Description

The two residential buildings with full basements were built in 1989 and 1991 as pure front buildings. The five storeys and the converted attics of the two buildings contain a total of 32 residential units, divided equally, of which around 14 units have been renovated or modernised in recent years when tenants changed and are equipped with balconies, fitted kitchens and laminate flooring. An underground car park with 18 parking spaces is located in the basement. The properties are each heated by a new gas-fired central heating system from 2024. Overall, the ensemble is in a well-kept to good condition in keeping with its age. The entire complex was built as social housing. No follow-up funding was granted and there are no subsequent commitments. The property is not located in a conservation or neighbourhood protection area. No milieu protection Balconies Four handicapped accessible apartments on the ground floor Garden areas Good condition 18 underground parking spaces Attic is converted Gas central heating 2025 Average residential rent: 10,09 EUR/m² O10991
Features
Garage
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O10991

Property details
  • Property type

    Investment

  • Garages

    18

  • Total surface

    ~2,308.57 m²

  • Living area

    ~2,308.57 m²

  • Plot surface

    ~1,733 m²

  • Usable surface

    ~2,308.57 m²

  • Target return

    5.19 %

Energy efficiency information
  • Construction year

    1989

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    150.4 kWh/m²a

  • Heating consumption

    150 kWh/m²a

Location: Reinickendorf, Berlin

The property is located in the district of Reinickendorf, on the north-western edge of Berlin. The neighbouring districts are Spandau to the south-west, Charlottenburg-Wilmersdorf to the south, Mitte to the south-east and Pankow to the east. The entire north borders the Brandenburg district of Oberhavel. The nearby and popular shopping and catering mile Residenzstraße offers very good shopping opportunities. The Volkspark Schönholz offers good leisure and recreational opportunities. There are good transport links both by car and by public transport.

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