Apartment Building With A Building Permit For A Senior Living Community And Attractive Development P

The property being offered is a well-maintained residential and commercial building in Teltow with approximately 554 m² of total leasable area on a lot measuring approximately 2,068 m².

The existing property comprises four residential units with approximately 259 m² of living space, as well as two commercial units with approximately 295 m². All units are fully leased. The apartments feature hardwood floors and bathrooms with both bathtubs and showers. The building was last modernized in 2022, is heated by a gas-fired central heating system, and has 15 outdoor parking spaces.

Current rental income amounts to approximately €5,889 per month or €70,668 per year. The apportionable operating costs currently amount to approximately €22,888 per year.

In addition, there is development potential on the rear lot: a building permit has already been granted for a senior living community. Approximately 345 m² of living space and approximately 260 m² of usable space have been approved, for a total of around 605 m².

ConVida is slated to operate the facility; this company has been active in the field of senior care for several years and is already a tenant of the commercial spaces in the existing property. A preliminary lease agreement has already been signed for the planned new construction. An annual net rent (excluding utilities) of approximately €120,000 is projected.

Combined with the existing rental income, this results in a projected total annual rental income of approximately €190,668.

The combination of a fully leased portfolio, approved development potential, and an existing operator makes the property particularly attractive to investors, portfolio managers, and project developers.