Multi Family House With Planning Permission For Senior Living And Strong Development Potential

The property is a well-maintained residential and commercial building in Teltow with approximately 554 m² of rentable floor space situated on a plot of approximately 2,068 m².

The existing building comprises four residential units with approximately 259 m² of living space and two commercial units with approximately 295 m² of usable floor space. All units are fully let. The apartments feature parquet flooring and both bath and shower facilities. The building was last modernised in 2022, is heated via gas central heating and benefits from 15 external parking spaces.

The current net cold rent totals approximately 5,889 € monthly, or 70,668 € annually. Apportionable operating costs currently amount to approximately 22,888 € per year.

Additionally, the rear portion of the plot offers significant development potential: planning permission has already been granted for the construction of a senior living community. The approved scheme comprises approximately 345 m² of living space and approximately 260 m² of usable floor space, totalling approximately 605 m².

ConVida, a company specialising in senior care services that already leases the commercial spaces in the existing building, is designated as the operator. A preliminary lease for the new construction provides for annual net cold rent of approximately 120,000 €.

Following completion of the new building, projected total rental income will reach approximately 190,668 € net cold annually (existing building current rent: 70,668 € + new building per preliminary lease: 120,000 €).

The combination of a fully let existing portfolio, approved development potential and an operator already contractually committed makes this property particularly attractive for investors, asset holders and project developers.

The property is located in Teltow, a sought-after town in south-western Berlin’s surrounding region, directly on the border with Berlin. The location combines a peaceful, established environment with excellent connectivity to the metropolitan region, offering attractive conditions for both residential use and a care or senior living concept.

Teltow is part of Potsdam-Mittelmark district and benefits particularly from its immediate proximity to Berlin and the state capital Potsdam. Potsdam is approximately twelve kilometres away, whilst the Berlin district of Steglitz-Zehlendorf adjoins the town directly. Good connections to Berlin, Potsdam and the wider surrounding area are provided via Federal Road B101 and motorways A10 and A115.

Public transport connections are also well developed. S-Bahn station Teltow Stadt provides access to the Berlin S-Bahn network. S-Bahn lines S25 and S26 connect Teltow directly with major Berlin transport hubs and city centre locations. The town emphasises that Berlin city centre is reachable by S-Bahn in approximately 25 minutes. Various bus lines additionally provide connections within Teltow and to Kleinmachnow, Stahnsdorf and neighbouring communities.

The property’s surroundings are predominantly quiet, offering a pleasant mix of residential use, small commercial structures and green spaces. The immediate vicinity features gastronomy, services and further facilities for daily needs. Proximity to Berlin and Potsdam additionally ensures that further shopping, leisure and supply options are quickly accessible.

For the planned senior living project, the location is particularly attractive as it combines good accessibility with a comparatively quiet environment. For residents, relatives, care staff and visitors, this combination of proximity to the metropolis and a less densely developed setting represents a significant locational advantage.

Moreover, Teltow, as part of Berlin’s suburban belt, benefits from the economic dynamism of the capital region. Proximity to Berlin, Potsdam and further economic centres makes the location attractive for both employees and investors. The town simultaneously maintains independent infrastructure and remains well connected by transport.

Overall, the location is characterised by a balanced combination of good regional accessibility, proximity to Berlin and Potsdam, a quiet environment and solid infrastructure. For an established residential property with additional development potential in the senior living sector, the location thus offers highly interesting conditions.