| Usable floor area | 135 m² |
|---|
| Purchase price | 587.000 € |
|---|---|
| Commission | 1.19 |
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More financing calculators and assumptionsTwo units in an excellently preserved Rixdorf period building from 1910 are for sale: a condominium and an associated commercial unit (partial ownership) totaling approx. 135 m². Both units are next to each other, have been structurally combined, and are used jointly. Legally, they remain two independent units. They are being sold together.
Tenancy
The tenant is a daycare center operated by one of Berlin’s major daycare providers, which has been using the premises since approx. 1971. In summer 2026, the lease was newly concluded for 2 years: the cold rent is €2,000 per month (€24,000 p.a.), the term runs until 30 June 2028, with a one-time extension option for the tenant for a further year.
The gross yield is 4.4% of the purchase price.
Prospects from 2028/29
After the end of the tenancy, several options are available:
Extension of the lease with the daycare center
or reletting or
owner-occupation of the entire space
combination of living and working, e.g. a law firm, practice or office in the commercial unit and living in the apartment and beyond
use of the commercial unit for residential purposes,
optional conversion of partial ownership into residential space; this requires the consent of the owners’ association and a building-law permit
Building and community
The building is very well renovated and maintained; the last major renovation of the units took place in 2011. The owners’ association is quiet and stable; a large proportion of the owners live in the building themselves. The maintenance reserve amounts to approx. €240,000, of which approx. €10,500 is attributable to the units offered. The monthly service charge is €500.
The property is located in a redevelopment area. The procedure will end next year; the redevelopment levy will be paid by the seller. The redevelopment has significantly upgraded the area.
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