Apartment house in city Berlin
851.00 sq.m., 12 bedrooms

€ 3 350 000
Location: In the center of the 1.5 km distant Hugenottenplatz, there is a wide range of shops from the bakery to the organic market, varied gastronomy and a good network of doctors. Families will meet the daycare centers and neighborhood schools, all within walking distance.
Nearby is the Botanic Volkspark and the Karower ponds, two popular recreational areas.

Another advantage is the convenient transport links. The A114 and B96a are reachable by car in less than 5 minutes, public transit bus and train also available.

It is not without reason that many people are looking for their home in the most populated district of Berlin-Pankow. From the vibrant "Prenzlauer Berg" district with its numerous nightlife options to the quieter and greener district of French Buchholz, everyone can feel comfortable here.

Those who appreciate short distances, will feel right here. Supermarkets, pharmacies and bakeries are within walking distance. If you like it less contemplative, but hip and trendy, and appreciate extensive shopping trips, is pleased about the neighborhood to Prenzlauer Berg with its colorful variety of shops, culture and pubs.

Equipment
 new facade with insulation
 new roof covering with glazed roof tile
 Completely renovated staircase including floors, railings, doors and walls
 new electrical system + new heating - gas condensing technology incl. The pipes

Inside:
 all apartments have been completely renovated inside
 new floors including underfloor heating in all rooms
 Walls filled and painted
 new interior doors
 all bathrooms including washbasin, WC`s, bathtubs and taps were tiled completely new (floors and walls)

Object description:
This real estate offer consists of:

A multi-family house built in massive construction in 1904, which was completely refurbished in 2015-2018. Special emphasis has been placed on the energy efficiency. The wooden beamed ceilings were installed with steel reinforcements for the installation of underfloor heating in all accommodation units, according to the static requirements. All apartments, bathrooms and the staircase (floors, railings, doors and walls) have been renovated and equipped with high quality materials. All windows had already been renewed in previous years with double-glazed, uniform plastic windows. It was followed by a new roofing with glazed Dachstein. A thermal insulation facade and the renewal of the heating system (including pipes) with new gas condensing technology rounded off the completion.

All apartments are rented with graduated leases, which guarantee an annual rental increase of € 0.30 / m².

Interior layout:
The apartment building is divided into 10 2-3 room apartments with a total living area of ​​approx. 610 m².
Property area approx. 400 m²

Another advantage of this object is the already carried out division. Completion certificate and divorce declaration are available.

The offer includes two detached houses, each with a living area of ​​120 m², each on approx. 400 m² of land that can be reached via the access to the apartment building.

These were built in the year 1998 in massive construction with construction typical of normal equipment. Both houses have a balcony, a terrace and a small garden. A renovation was not required here.

Each house is on its own parcel and can be sold individually. The total package thus has a floor space of 850 m²

to the rental situation:

• Annual net cold rent in 2019: 94,512, - EUR ≙ ~ 3,06% rental yield
- this increases with the current graduated leases, which have a term of 25 years at 2,340, - EUR per year; Provided there is no re-letting after a possible move all the time.

• Annual net cold rent in 2020: 96.852, - EUR
• Annual net cold rent in 2021: 99.192, - EUR
• Annual net cold rent in 2022: 101,532, - EUR

Owner of the entire object package is a GBR. The advantage for an investor is that the sale can be settled as a shared asset and you save 6% land transfer tax. A special bonus that is added is that the seller would pay the notary fees.

Commission:
When purchasing this property, a buyer's commission of 3.57% including VAT is payable on the notarised purchase price.

Location of the property on the map

Similar offers