Berlin development property for sale in Friedrichshain Kreuzberg

Close to Media Spree development, residential and commercial buildings/ Loft conversion possible

Berlin Friedrichshain / Kreuzberg Development property

The property comprises 2 adjoining buildings:

Former factory building: built 1890, and  a new build residential building.

New build residential : 5 floors and a fully developed top floor.

The northern part faces the Spree.

All residential units have a direct view of the river.

Commercial building :(Built 1890, currently short lease office occupancy)

5 floors Two stairways and one elevator

The former factory building is currently let as offices or studios. (Short leases!)

All units have a direct view of the river.

The redevelopment of the property and its conversion to luxury loft style apartments is being considered, with the addition of an elevator to the current building, the development and conversion to 15 luxury apartments of 120 m² to 370 m² is possible.

Plot size: 1.141,00 m²

Floor Space: 3.982,22 m² (current)

4.259,93 m² (planned with extension)

Rental Income: € 249.170,40

Purchase Price: 7.200.000,00 € (appraised at 7.200.000,00 in October 2006)