The property
A package of four separate commercial units on the ground floor of a Berlin apartment building from 1905. Together they have about 351 m² of usable space. The building stands on a plot of about 726 m². Two cellar areas belong to the units, and there is one parking space in the inner courtyard.
All four units are let on open-ended leases. They are currently run as holiday flats and short-stay accommodation, and the present tenants intend to continue. Net cold rent, meaning rent before heating and service costs, is €3,530 a month, or €42,360 a year. Including the payments for running costs, tenants pay €5,300.14 a month in total.
The rents differ considerably from unit to unit, from €408 to €1,657.50 a month. The service charge (Hausgeld) paid to the owners' association for all four units comes to €2,179.11 a month. A buyer should check how much of this is recovered from the tenants. Berlin regulates short-term letting closely, so the permits for the current holiday use belong in any due diligence.
The old building has been repaired and modernised, mainly around 2000. According to the documents provided, the work followed the German construction standards VOB and VOL, and sound insulation meets DIN 4109. Heating is gas central heating. Energy class D.
- Four separate ground-floor units
- About 351 m² usable space
- €42,360 net cold rent a year
- All units on open-ended leases
- Plot of about 726 m²
- Two cellars and courtyard parking space
- Tram stop at the door
Key facts
| Type | Commercial property |
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| Town | Berlin |
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| Federal state | Berlin |
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| Postcode | 13086 |
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| Living area | 726 m² |
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| Year of construction | 1905 |
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| Status | vacant |
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| Features | parking space |
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| Energy efficiency class | D |
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| Energy demand | 109 kWh/(m²·a) |
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| Energy source | natural gas |
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| Reference | 1259a |
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The location
Weißensee is a neighbourhood in the north-east of Berlin and part of the borough of Pankow. It borders Prenzlauer Berg, one of the most sought-after inner-city areas of the capital. The building is on one of the main traffic and shopping streets of the neighbourhood, where flats, shops, restaurants and small businesses sit side by side.
A tram line runs directly in front of the building, and more tram and bus routes are close by. Alexanderplatz in central Berlin is about 20 to 30 minutes away by public transport. The area around the street is part of a long-term urban development process.
Who it suits. An investor who wants a building already producing rent in a Berlin neighbourhood next to Prenzlauer Berg and is prepared to review the service charges and the permits for holiday letting.
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Information on your right of withdrawal
Cancellation policy
If a brokerage contract is concluded, consumers have the following right of withdrawal:
Right of withdrawal
You have the right to withdraw from this brokerage contract within fourteen days without giving any reason.
The withdrawal period will expire after fourteen days from the day of the conclusion of the contract.
To exercise the right of withdrawal, you must inform us (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or an email). You may use the attached model withdrawal form, but it is not obligatory.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than fourteen days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
If you requested to begin the performance of services during the withdrawal period, you shall pay us an amount which is in proportion to what has been provided until you have communicated to us your withdrawal from this contract, in comparison with the full coverage of the contract.
End of cancellation policy
German original
Widerrufsbelehrung
Im Falle eines zustande kommenden Maklervertrages haben Verbraucher das folgende Widerrufsrecht:
Widerrufsrecht
Sie haben das Recht, binnen vierzehn Tagen ohne Angabe von Gründen den Maklervertrag zu widerrufen.
Die Widerrufsfrist beträgt vierzehn Tage ab dem Tag des Vertragsabschlusses.
Um Ihr Widerrufsrecht auszuüben, müssen Sie uns (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) mittels einer eindeutigen Erklärung (z. B. ein mit der Post versandter Brief oder eine E-Mail) über Ihren Entschluss, diesen Vertrag zu widerrufen, informieren. Sie können dafür das beigefügte Muster-Widerrufsformular verwenden, das jedoch nicht vorgeschrieben ist.
Zur Wahrung der Widerrufsfrist reicht es aus, dass Sie die Mitteilung über die Ausübung des Widerrufsrechts vor Ablauf der Widerrufsfrist absenden.
Folgen des Widerrufs
Wenn Sie diesen Vertrag widerrufen, haben wir Ihnen alle Zahlungen, die wir von Ihnen erhalten haben, einschließlich der Lieferkosten (mit Ausnahme der zusätzlichen Kosten, die sich daraus ergeben, dass Sie eine andere Art der Lieferung als die von uns angebotene, günstigste Standardlieferung gewählt haben), unverzüglich und spätestens binnen vierzehn Tagen ab dem Tag zurückzuzahlen, an dem die Mitteilung über Ihren Widerruf dieses Vertrags bei uns eingegangen ist. Für diese Rückzahlung verwenden wir dasselbe Zahlungsmittel, das Sie bei der ursprünglichen Transaktion eingesetzt haben, es sei denn, mit Ihnen wurde ausdrücklich etwas anderes vereinbart; in keinem Fall werden Ihnen wegen dieser Rückzahlung Entgelte berechnet.
Haben Sie verlangt, dass die Dienstleistungen während der Widerrufsfrist beginnen soll, so haben Sie uns einen angemessenen Betrag zu zahlen, der dem Anteil der bis zu dem Zeitpunkt, zu dem Sie uns von der Ausübung des Widerrufsrechts hinsichtlich dieses Vertrags unterrichten, bereits erbrachten Dienstleistungen im Vergleich zum Gesamtumfang der im Vertrag vorgesehenen Dienstleistungen entspricht.
Ende der Widerrufsbelehrung
