Redevelopment Commercial Property for Sale in Weissensee, Berlin, Berlin, Germany

Redevelopment Opportunity in Central Berlin

This is an excellent investment opportunity that allows the qualifying construction costs of the redevelopment to be offset against all German rental income of the investor for tax purposes. The property already has full planning permission and this `ready to go' site has substantial existing residential and commercial buildings, situated in a bustling neighbourhood of central Berlin only 10 minutes by tram to Berlin's Mitte (city centre). The property is ideally situated beside a tram stop and accross the road from the scenic Weissensee lake and park.

Main apartment house (Vorderhaus) is a 4 storey over basement property that has a net internal living space (excl. circulation space) of approximately 480 m2. It consists of 6 no. apartments (3 x 2 beds & 3 x 1 beds) and 2 no. retail units.

Outline Planning Permission for a further 4 additional apartments on the site approx 210 sq. m. in total.

The mews building (Remise) situated at rear of the site has 2 storey's and is planned to be refurbished as a 3 bed family house (may be changed to 2 no. apartments) and has a net internal living space area of approximately 160 sq. m. The main house and mews buildings are similar in proportions and appearance to a large Georgian building with mews in central Dublin and London.

17 Garages

The property benefits from excellent public transport links into Berlin city centre. There is a tram stop and bus stop in front of the building and the journey time from here into Berlin centre (Mitte) takes between 10 to 15 minutes.