Apartment block with approval planning
The historic property, which is not a listed building, comprises a total of 12 residential units, including eight existing residential units and two commercial units on the ground floor that are currently being converted. According to the existing action plan, these are to be converted into living space. The top floor will be converted into flats, so that living space of new-build standard will also be created here. Half of the existing flats are currently let.
The project is being offered including a detailed conversion plan with planning permission, giving a clear idea of the final state of the property. Sold as a complete package, this property offers an excellent investment opportunity in one of Berlin’s most rapidly developing neighbourhoods.
The conversion plan envisages converting the two commercial units on the ground floor into modern residential units and efficiently converting the top floor into two further flats. In addition, the building will be upgraded by installing balconies on the street side and an external lift system in the rear courtyard. This redesign not only creates additional living space, but also significantly improves the common property and thus the value for the future owner and future residents. The ground-floor flats’ levelled terraces will be made accessible via ramps, allowing a seamless connection to the carefully designed courtyard area.
Once the construction work is complete, the house will have more than 1000 m² of living space, with storage rooms for each residential unit in the basement.
