Full Description

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. It is situated in a bustling neighbourhood of central Berlin only 10 minutes by tram to Berlin’s Mitte (city centre). • Address: 152 Berliner Allee, Weißensee, Berlin 13088, Germany • Located in district of Weißensee in central Berlin • Land is classified as land 244 and land parcel 182 • The plot size is 1031 m² • Year of construction of buildings on site is circa 1890 • The property is not a listed building/protected • The apartments of the main building and the mews are currently empty. One of the 2 retail units is rented on a short term basis which may be terminated, however, as it enjoys its own access, the investor may wish to continue with this tenancy. • 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