|  |  | Mixed Commercial Complex in Berlin-Oranienburg | This property is located in the centre of Oranienburg, a satellite town of Berlin, with a population of approximately 45.000 residents. Built to a very high spec in 1994 this four building complex is an integral part of the town centre. It is within short walking distance to the train station with its' city-train connection to Berlin centre and it is also the main station for all urban and regional buses.
The retail units on the ground floor have rental leases in duration from 5 to 10 years. They are popular, i.e. fully let, as this is predominately a pedestrian area. The emphasis on the office space is clearly with the medical professions and this complex has developed and established itself as a medical centre. Tenants are for example - health insurance companies, physiotherapy centres, a total of 10 dentist and doctor practices, a chemist, fitness studio, etc. There are also lawyers and tax advisor's as tenants. This complex also has 17 apartments, all on the top floors, with balconies and a view over the town. There are 38 underground and 60 overground parking spaces. The occupancy rate in general is constant at 90%.
There is an excellent property management team already in place. A detailed tenant list can be forwarded immediately. Comprehensive viewings can be arranged at short notice.
| | | | Retail Centre Oranienburg, North of Berlin | | | | Price: €6.952.500,-
Actual Net Rental Income p.a.:€496.000
Yield (ex management costs): 7.67%
Retail area: 2.200m²
Office area: 4.200m²
Residential area: 1.000m² | | | | Further information on request |
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| | | | | | Commercial Complex with Site Development Potential Berlin – Weissensee | | | | Guide Price: €1,350,000
Price – €1.350.000
Annual Net Rental Income – €95.000
Yield – 7.0%
Total Rental Area – 1.550m²
Price per m² (rental space) - 871,-€/m²
Site area – 2.068m² | | | Features
Buildings
This property consists of two lots.
Lot 1 is dominated by a classical red bricked bordered factory building from the early 1900’s. There is also an office and storage building to the side of this lot. The factory building has four floors and all the charms of the modern loft style – 3m high arched brick ceilings, large windows, wooden floors, etc. |
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| | | | Lot 2 consists of four single storey buildings. All are used exclusively by the Joinery Company tenant and comprise of workshop, storage, office and social rooms.In 1996 a heating and electric systems were renewed. During this time the windows were replaced with modern double glazed insulation windows. In 2000 the building facades, yard areas, stairways and lands were refurbished. | | | Location: This property is located on the border of the popular districts of Prenzlauer Berg and Weissensee in North Central Berlin. It is an area growing in popularity as a classy residential district. Many young families choose to move here because of the better environment for children, away from the more densely populated districts. There are many new developments of stylish apartment and town houses in the immediate vicinity. There is tram stop within 2 minutes walk bringing one into the centre in 10 minutes. The city train station (S-Bahn) Prenzlauer Allee is only a 5 minute walk away. Motorway access to the A114 is less than 5 minutes away driving. All amenities such as shopping, schools, etc. are nearby.
Site: It is presently a classical mixed commercial site and could easily be maintained as such. The site is dominated by the period red brick factory building. This should be maintained and could eventually be converted to lofts. The remainder of the site is fully open to development. Planing Permission has already been granted for a 22 unit building (20 residential and 2 commercial). There is also planning permission for a penthouse apartment. All design and planning documents will be included with the sale. This type of planning would be totally in keeping with the surrounding environs. The rear of the site has an elevated and clear view south over the city. There are two entrances onto the street. There is ample parking on site.
Tenant Structure: This property has one residential and eight commercial tenants. The commercials are a mix of carpenter’s workshops, wine storage, design office, recording studio and dance school. The largest (22%) and oldest tenant has been there since 1992. The factory units are much sought after and the other buildings have a flexible usage.
Summary: This is an interesting investment property as there is income while one waits for the right time to develop the site. It can also be sold on after the planning process has been exhausted. It can also be developed in lots, developing one while the other continues to earn income. It is a totally flexible property investment in a solid building with good tenants in a very popular area of central Berlin. | | | | Further information on request | | |
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