Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau

13437 Berlin, Living/office building for sale

Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Facade Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Facade Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - House Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - House Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Facade Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Garages Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Staircase Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Staircase Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Example condition Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Example condition Well-maintained apartment buildings with over 4% yield and expansion potential in Wittenau - Example condition

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Contact details

Objectdata

  • Object ID
    7543
  • Property Type
    Living/office building, Retirement home
  • Address
    (Berlin Reinickendorf - Wittenau)
    13437 Berlin
    Berlin
  • Units
    25
  • Living area approx:
    1,825 m²
  • Property approx.
    2,902 m²
  • Heating system
    Central heating
  • Primary energy supplier
    Gas
  • Last modernization
    2012
  • Condition
    Fully refurbished
  • Development
    Fully accessible
  • Total parking spaces
    17
  • Subject to commission
    Yes
  • Buyer's commission
    7,14% of the purchase price incl. 19% VAT, payable by the buyer to the broker
    The commission is due and earned with the notarization of the purchase contract.
  • Buyprice per m²
    2,438.36 EUR
  • X-times rent
    20.26
  • Net return
    4.93 %
  • Net return
    5.74 %
  • Rental income
    219,601.00 EUR
  • Rental income
    255,395.00 EUR
  • Purchase price
    4,450,000 EUR

Features

  • ✓ Cellar

Energieausweis

  • Energieausweis
    wird bei Besichtigung vorgelegt

Property description

Description

The complex consists of a total of 4 apartment buildings: 3 West Berlin "Plattenbauten" from 1960 and one old building from 1930.

All buildings have been refurbished and are in good condition with only little need for investment.

The facades of the old buildings were renovated approx. 10 years ago, approx. 70% of the flats have been renovated with parquet/laminate flooring, many have modern bathrooms and kitchens.
All flats and 50% of the parking spaces are rented.

A calculation is available which, with the addition of storeys to houses 47, 48 and 50 and a new building in place of the garages, would allow approx. 950 m² of new floor space. Initial discussions with the authorities revealed that approx. 250 m² are possible immediately - everything else would have to be checked by the purchaser with the authorities themselves.

Additional Information

Black Label’s international team can offer advice on all stages of property purchase, from the financial benefits of buying property in Germany to the step by step process of acquiring your new home or investment. Our team speaks fluent English, German, French and Mandarin, and works together with a team of English-speaking lawyers, notaries and mortgage brokers in Berlin.

We can provide you with a varied choice of properties to suit your needs. Just send us your search specifications, including:

- Property style
- Budget
- Location
- Investment or own use

For advice on financing your German property purchase, please get in touch with a member of our team.

Interested in letting your new Berlin property? Black Label offers management packages for both furnished and unfurnished lets, as well as a complete design and furnishing service tailored to your style. Get in touch with us or stop by the office for more information.

All information is provided by the seller. BLP Investments GmbH therefore accepts no liability for the accuracy of the information. In particular, the information on the living space, the usable space and the division of the living/usable space has not been checked by us by means of our own measurement or our own calculation of the living space. The information on the year of construction has not been verified by inspection of the building file.

Location

The property, which is located in a quiet side street and in a historic core of Reinickendorf, is surrounded by a variety of parks, lakes, green spaces, as well as numerous playgrounds and sports fields. Both the infrastructure and the shopping facilities are very good.

All everyday amenities as well as daycare centres and schools are within walking distance. The S-Bahn and U-Bahn station Karl-Bonhoeffer-Klinik is within walking distance, and the first supermarket is also located here. The "Clou" shopping centre on Kurt-Schumacher-Platz is also within easy reach.

The connection to the city centre is ideal by public transport and via the B96 by car.

The displayed property location is approximate

Enquiry

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