Charming old-building apartments in aspiring neighbourhood location

Location: Aspiring neighbourhood location in the sought-after “Mitte” district of Berlin

The building is located in a quiet side street in the immediate vicinity of the Wollankstrasse suburban railway station and the popular “Flora” neighbourhood in the “Gesundbrunnen” district. The location stands out through very good shopping facilities, numerous restaurants and cafes as well as kindergartens and schools. There are various connections to the public transport system via the Wollankstrasse suburban railway station as well as the underground and suburban railway station Pankow. Both the “Bürgerpark” as well as the “Schlosspark” are within walking distance, and offer a very high leisure-time and recreational factor. In addition, the “Plötzensee” lido invites people to cool off and relax on hot summer days. The residential area around Wollankstrasse and the “Flora” neighbourhood has grown greatly in popularity in recent years, with the result that positive effects in terms of increasing value of the property can also be expected here in future.

Apartments: Charming apartments in old buildings for “feel-good living”

The apartment building, erected in 1914, consists of a front house and a garden house, and has a total of 23 residential units. The complete building has been modernised in stages since the 1990s. Almost all apartments have been equipped with bathroom, fitted kitchen and self-contained gas central heating. The façades overlooking the courtyard have been insulated and to a major extent equipped with insulating glass windows. Here, great importance was attached to retaining the classic style elements and the coveted flair of the turn of the century. In 2014, the façade overlooking the street and the two stairways were repainted, thus giving the building an overall very well-maintained appearance. With apartment sizes of between 30 m² and 98 m², selling prices are between 60,000 and 300,000 euros depending on furnishings and location.

Investment: Own use or investment

Apartments in the building are available both for own use as well as for letting as an investment. The sustainable rental income, the good condition of the building and the good outlook for returns also make the building interesting as a long-term investment.

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We are available at all times for telephone or personal contact concerning all questions on the freehold apartments in this aspiring neighbourhood area.

ASTEA Real Estate GmbH
Kurfürstendamm 177
10707 Berlin, Germany

Telefon +49 30 311 69 38 0
Telefax +49 30 311 69 38 99
E-Mail: info [at] astea [dot] de

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