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Unique Investment: 11 High-Quality Units In An Refurbished Build (ref. 37925920)
Date & Time Listed: 2020-05-11 10:41:38 (GMT)

Posted in Categories: Real Estate, Condos for Sale - Number of Bedrooms: 10, Number of Bathrooms: 10
Posted From: Germany, Berlin, Berlin

Ad Details:

For sale are 11 of a total of 14 units in a lovingly renovated Gründerzeit building.
The residential and commercial building was built in 1905. It was acquired by the current owner of the apartments in 2003 and successively renovated and modernised, so that the house is in an extremely well-kept and good condition without any maintenance or modernisation backlog. The complete roof truss was renewed in 2009 and the attic was converted into two spacious apartments with roof terraces. At the same time, an external elevator made of glass and steel and a 6-person cabin with panoramic glass pane were added.
The beautifully landscaped inner courtyard offers the stressed city souls relaxation through the sight alone. All the supply lines have been renewed. The apartments were given a contemporary floor plan, new gas condensing boilers together with radiators, new electrical installations, new bathrooms, a loggia and were partly dismantled in order to preserve the old charm of a Berlin old apartment Anno 1905 in Art Nouveau as far as possible without not being able to meet modern living standards. Actually, this type of high-quality modernisation is only carried out if it is offered for sale and not for rent. Nevertheless this standard offers economic advantages, apart from a clean interface to the tenants.
Last modernisation measures: In 2014, wooden windows with high thermal and noise protection were installed on the 1st floor on the street side and plastic windows matching the style on the courtyard side. In 2015, the intercom system was replaced by one with a camera. In addition, the HE door was equipped with a mediator that always keeps the door closed without adversely affecting handling.
The interaction between tenants, co-owners and administrators is peaceful and respectful.
3 shop/practice or office spaces on the ground floor approx. 197 sqm
1 furnished one-room apartment approx. 51 sqm
3 x 4-room apartments approx. 120 sqm, balcony, loggia, EBK ( 1 wanted vacancy)
4 x 4-room apartments approx. 150 sqm, balcony, loggia, EBK
Additional purchase option DG apartment approx. 143 sqm, large. Roof terrace (will be handed over empty by arrangement)
Net rental income p.a. 185.000 € debit without DG-apartment
Net rental income p.a.: 165.000 € target without empty flat
An agent's commission in the amount of 4.76 % of the purchase price incl. legally applicable VAT of 19% is due upon conclusion of a notarised purchase agreement.
Situated in the heart of Berlin, in the sought-after district of Schöneberg! Close to the Winterfeldtplatz with its weekly market, as well as numerous cafés and restaurants. The beautiful Viktoria-Luise-Platz, the KaDeWe department store and the Kurfürstendamm are all within a few minutes' walk. For a fun visit, the zoo is only about 1 km away. The property also has excellent public transport links, with several underground and local light railway stations nearby.
The information contained in the property summary is based solely on information provided by the vendor. realbest Germany GmbH therefore accepts no liability for the accuracy or completeness of the information contained in the property summary. We would like to explicitly state that we have not verified this information either in law or in fact and therefore recommend that you seek legal counsel or advice from appropriate experts. All floor space measurements are approximate. Our general terms and conditions apply.

Other Details:

Number of Bedrooms: 10
Number of Bathrooms: 10

Price: 8,000,000.00 EUR

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