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September 2010

Berlin Apartment for Sale by Property Auction in Court

 

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Tenanted 2 Bedroom Apartment plus Underground Parking Bay
Schloßallee 11
DE 13156 Berlin

 Deutsch
Kind of Building Multi Family Apartment Block
Year of Construction 1998
Energy Certificate Unknown
Land Area approx. 2,514 sqm + 97 sqm Water Surface (totals at about 0.65 acre)
Kind of Use Residential (Condo / Freehold Ownership)
Position on Block Ground Floor
Elevator Yes
Rooms 3 (2 Bedrooms)
Balcony/Terrace Yes
Floor Space about 91 sqm / 979 sq. ft.
Current Use Tenanted since 06/2006 by open ended lease
Parking Lot Underground Garage
Monthly Net Rent Apt. about EUR 620 (plus utilities)
Monthly Rent Parking about EUR 51
Total Monthly Net Rent about EUR 671 (plus utilities)
Annual Net Rent about EUR 8,052 (plus utilities)
Monthly Common Charge/HOA On Request
Minimum Auction Price (joint) EUR 98,000 (Subject to higher bids!)
Proportional Price per sqm Living EUR 1,008 (Subject to higher bids!)
Market Value set by Court (joint) EUR 156,000
Proportional Value per sqm Living EUR 1,604
Auction in Court to be held October 14, 2010 (2nd hearing)
Visual Impressions
Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow Apartment Berlin Pankow
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Property Location
Further Details
Location The property is located in Berlins district Pankow, sub-area Niederschönhausen, on a quiet locality at the north bank of Panke river and close to public recreation area Schloßpark. Since Pankow was merged with the boroughs Prenzlauer Berg and Weißensee because of the administrative reform in 2001 it is home of about 365,000 residents and it therefore comes out to be the most populated district of Berlin. The street runs southwest from Pasewalker Chaussee and is leading to Schönhausen Palace. Not even the half of the street is accessible by car, the most of the distance is pedestrian area of the park.

Traffic links are good. There is a stop of the streetcar only 400 m away, bus stop at 600 m, city train station Heinersdorf about 900 m and the subway station Pankow about 1.5 km. By car one can take B 109 federal road Pasewalker Chaussee or the A 114 feeder road e.g. connecting to the A 24 state highway Berlin-Hamburg. It's a distance of maybe 8 km to central Berlin around the Alexanderplatz

Shops to buy convenience goods are available within about 600 to 800 m. In the local district center, Breite Str., is a shopping mall. Another one will be developed soon on Hermann-Hesse-Str. (info as of 06/2010). Medical facilities and restaurants are available, too.

Until the end of 2011 Pankow still will be situated within the entry lane of airport Berlin-Tegel, which ia about 7 km away.
Description House The solid mansonry construction of 4 stories plus built-out loft space has a basement. The block is mainly surrounded by 2- to 4-story residential buildings. The lot meets the bank of river Panke to the south. Most of the garden area was established on top of the underground garage. The complex sits within a waterproof concrete foundation, Germans call "White Tank or Well". The house includes a total number of 32 apartments and 16 underground parking bays.

Features of the building are e.g. the elevator, central heating incl. hot-water by district supply, thermal insulated facade, voice intercom and door opener system, water meter, PVC insulated windows and storage rooms in the basement. There are also a bicycle room and garbage collecting room at the garage entrance area.
Description Apartment No. 0.3 According to the report the apartment sits on ground floor orientating to the rear garden area. It has 3 rooms and an open kitchen incl. cabinets and appliances like electric stove and refrigerator. The dish washer is property of the tenant. The 36 sqm / 387 sq. ft. living room also has a bay window and access onto the terrace orientating to the S/W garden, that is usable by the occupier with a special usufruct. The 2 bedrooms are of 11 and 16 sqm in size (118 and 172 sq. ft.) and are facing S/E. Furthermore there are an inner bathroom with tub and hook-up for a washing machine, an additional half bath with toilet and basin and the corridor. The flat features laminate and tile floors.

An extra storage room is available in the basement. The ownership benefits from parking bay No. 2 on the underground level, which can be reached from the staircase and sloping driveway and which is secured by a latticed rolling door.
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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