Apartment Berlin Prenzlauer Berg for Sale by Property Auction in Court

 

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Tenanted 1 Bedroom Apartment (Unit 3.3)
Bornholmer Str. 72A
DE 10439 Berlin


 Deutsch
Kind of Property Residential and Commercial Corner Building
Year built about 1906
Reconstruction (House) about 1997
Energy Certificate 101 kWh/(m²*a) based on consumption incl. hot-water
Land Area about. 1,368 sqm / 0.34 acre
Kind of Use (Unit) Residential
Position on Block 3rd Floor (US 4th)
Elevator None
Rooms 2 (1 Bedroom)
Balcony Yes
Floor Space about 59 sqm / 635 sq. ft.
Current Use Tenanted to the same person since 1939 (!)
Parking Space None
Monthly Net Rent about EUR 243 (plus utilities)
Annual Net Rent about EUR 2,920 (plus utilities)
Monthly Common Charge/HOA On Request
Minimum Selling Price EUR 37,500 (Subject to higher bids!)
Minimum Price from per sqm EUR 635 (Subject to higher bids!)
Market Value set by Court EUR 41,500
Market Value per sqm EUR 703
Auction in Court to be held on November 3, 2010 (1st hearing)
Visual Impressions
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Property Location
Further Details
Location The property is located in the administrative Berlin district Pankow, at the northern edge of the trendy neighborhood of Prenzlauer Berg, which is home of about 141,000 residents. There is mainly up to 6-story development around. Shops, restaurants and bars as well as medical facilities are close by or conveniently to reach.

A stop of the streetcar is just in front of the period apartment building (routes M13, 50). At the corner of Schönhauser Allee there are possibilities to change into other trams, except in the period of the reconstruction works on the U-Bahn Viaduct (overground rails of the subway) one has to take the bus. The central square of Berlin, Alexanderplatz, is about 4 km of linear distance. Next city train station Bornholmer Str. (S1, S2, S8, S25 S85) is about 400 m on foot.

Bornholmer Str. is an E/W artery of Berlin because its extension to the west is Seestr., which merges with the access onto the A 100 inner city highway. The A 114 feeder road, that leads to A 24 state highway Berlin-Hamburg, is about 5 km to the N/E.
Description The solid masonry construction has 5 stories plus built-out loft space and basement. The rather large inner courtyard has spaces for the garbage cans, roofed bicycle storage (sort of shed) and some greenery.

The walk-up residential and commercial building was modernized in the late 1990's and is heated centrally, even though both does no go for the apartment in question. It just received some new electric wiring and PVC insulated windows. According to the expert report the unit has a remarkable lack of maintenance and redecoration works, which has been considered in finding the judicial market value.

The apartment No. 3.3 sits on 3rd floor (US 4th). It has 2 rooms (1 bedroom). The living room with N/E balcony is facing the street and the bedroom overlooks the large inner courtyard in S/E direction. Furthermore there are kitchen, toilet plus basin, corridor and small storage room.

The unit neither includes a bathroom nor an up-to-date heating system! So far the tenant is using individual electric heaters. Same goes for hot-water in the kitchen. The apartment is rented out with the same tenant for decades, so it will not be possible to quit the lease!
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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