Berlin Apartment for Sale by Property Auction in Court

 

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Tenanted 3 Bedroom Apartment (Unit 179)
Bansiner Str. 27a
DE 12619 Berlin


 Deutsch
Kind of Property Block Construction Multi Story Apartment Building
Year built about 1984
Modernization End-1990's
Kind of Use Residential
Stories 11
Floor 4th (US 5th)
Elevator Yes
Rooms 5 (3 Bedrooms + Chamber)
Floor Space approx. 100 sqm / 1,076 sq. ft.
Current Use Rented out
Own Parking Lot None
Annual Net Rent about EUR 5,459 plus utilities
Particularity Leasehold Property / Building Lease (see remark below)
Annual Ground Rent approx. EUR 687
Monthly Common Charge On Request
Minimum Selling Price EUR 28,200 (Subject to higher bids!)
Price from per sqm about EUR 282 (Subject to higher bids!)
Market Value set by Court EUR 56,400
Market Value per sqm about EUR 564
Auction in Court to be held November 26, 2010 (2nd hearing)
Visual Impressions
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Property Location
Further Details
Location The property is located in district Marzahn-Hellersdorf, sub-section Kaulsdorf Nord, an area mainly characterized by multi story housing complexes east of Wuhle river. The district is home of about 248,000 residents, maybe 19,000 of them live in the sub-area in the eastern outskirts of the German capital, Berlin. Shopping possibilities as well as leisure and medical facilities are around, mostly around the Hellersdorfer Str.

Subway station Kaulsdorf-Nord (U5) is just a short walk of about 400 m and offers connection to the combined subway and city train station Wuhletal (U5, S5), which is maybe 900 m away. The city center of Berlin is about 18 km from this place to the west. Main thoroughfares, B 1/5 and B 158 federal roads, offer links in all directions.
Building Description It's an 11-story multi family reinforced concrete construction with basement (German Plattenbau). A lot of similar 6- to 11-story residential blocks have been established around in the 1980's. The property offers no own parking lot, but there is good street parking around.

The site has been built-up with 2 similar buildings, each of 2 staircases. The house in questions, Bansiner Str. 27a, has an elevator and underwent extensive modernization at the end 1990's, such as facade, windows, roofing (flat roof), heating (district supply), electric wiring, sanitary pipes and renovation of staircases. Furthermore the block has a typical feature for these kinds of buildings, a garbage disposer (chute), as well as TV cable connection, inner mail boxes plus door opener and voice intercom system. Besides the cellar compartments of the occupiers there are additional supplying rooms and spaces for bicycles.
Description Apartment The apartment No. 179 sits on 4th floor (US 5th) to the right. It has 4 rooms (3 bedrooms) plus another room that comes out to be rather small (box-room). Off the living room is a west-facing loggia. Further rooms are an inner full bathroom with tub, windowed kitchen and entrance hall plus a small hallway.

Floorings are covered by laminate, carpet and linoleum. Bathroom has ceramic floor tiles. PVC double glazed windows are thermal insulated. The kitchen only can be reached from the main room. There is extra storage room in the basement.
Concerning the Building Lease The fact of the leasehold property (heritable building rights) already has been considered in assessment of the market value. The ownership makes 75 of 10,000 shares.
Miscellaneous The offer takes place in written authority of the creditor bank, is subject to confirmation and free of commission for the buyer/bidder.

Details based on statements of the judicial appraisal report. We can't assure for their correctness and/or their wholeness consequently. Errors in detail and transmission as well as mistranslations reserved.
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