Apartment Building In Berlin Tegel As A Perfect Investment With Building Potential

Rarely does the opportunity arise to acquire an apartment building with this kind of development potential in a sought-after location like Berlin-Tegel.

The property is located just 200 meters from Holzhauser Straße subway station, in a pleasant and established residential area of Berlin-Tegel. On the approximately 849 m² plot, there is a small front building with one full storey and one residential unit with approx. 98 m² of living space as well as a rear building with two full storeys and a total of six residential units with approx. 250 m² of living space. The offer is complemented by two parking spaces and a currently inactive swimming pool.

After initial non-binding discussions with the city planning office, there is additional building potential in the front area of the property. Accordingly, the front building could be extended and another full storey added.

The front building is currently unlet, while the rear building is fully let. The existing rental agreements are each limited to one year. The current annual net cold rent is approx. 64,932.00 euros, which corresponds to an actual yield of around 5.0 percent.

By letting the unit in the front building, which will be fully modernized in 2026, an annual net cold rent of approx. 88,932.00 euros can be achieved according to a conservative calculation. This means that a target yield of around 6.9 percent would be realistic.