House for sale • 1230 m² without real estateBerlin Spandau Berlin 13581

!! DIRECT SALE FROM PRIVATE INVENTORY BY THE OWNER !!

!! NO BROKER FEE !!

Attractive residential and commercial building with 8 residential units and 3 commercial units. Located in the protected neighborhood of Wilhelmstadt. Not subject to heritage protection.

Solid commercial tenants, long‐term and lucrative rental agreements with an indexation clause.

Uncomplicated, reliable, and pleasantly structured residential leases. All apartments are bright and sunny, featuring typical old building elements and ceiling heights of up to 3.70 m.

An expansion reserve exists in shell condition and can be rented at market value without restrictions after renovation (see target rent, factor then 17.9).

Current Net Operating Income (NKM) is: €177,700. Target NKM: €201,500.

Several residential units as well as one commercial unit have been renovated to a high standard, comprehensively and regardless of cost.

The remaining residential units are in above‑average condition, partly renovated, refurbished, and well maintained.

Corner building with a courtyard area. Plaster damage on the courtyard facade. Continuous renovation and maintenance work has been carried out, with an investment volume of approximately €400,000 over the past twelve years.

In the past, a phased renovation was carried out, including the installation of high‑quality soundproof insulated windows as well as other fundamental renovation measures.

All gas combination boilers in the residential units have been replaced (Junkers ZWR).

Due to the ideal number and structuring of the units and tenant base, the property requires only minimal, manageable administrative effort.

Spandauer 1A commercial street – Klosterstraße Spandau –

located between Eiscafé Florida and Spandau-Arkaden.

Highly frequented TOP commercial location!

Within a few minutes’ walk, you can conveniently reach Spandau long-distance train station, Rathaus U-Bahn station, the Havel, and the old town along the Havel promenade.

Very good parking facilities are available in the immediate vicinity.

The residential units are equipped with efficient soundproof insulated windows, balconies, and daylight-filled bathrooms with a shower and bathtub – some even offer a second bathroom/WC.

Suspended, sealed wooden plank floors, with some units featuring underfloor heating in the bathroom and kitchen.

The entrance hall and basement are in good, renovated condition.

The courtyard is partially landscaped.

Please contact only if you are seriously interested in acquiring the property and only after a careful reading and evaluation of the information provided here.

Feedback and further information can only be provided upon receipt of your verified, complete contact details. Thank you for your understanding.