Architectural monument in Grünewald - Palace, built in 1912-1919

Code
12187
City
Listing For
Sale
Property Type
Villa / House
Property Status
New Build
Price
 8,300,000 EUR  
Construction Year
1919

Location

Berlin - Berlin -

Description

Code:1338654

Description


This estate is situated in the most prestigious and expensive area of Berlin, Grünewald.


The historic manor house was built in the years 1912-1919 by the famous architect Walter, on the site of the park, an area of 4310 m2. The building was home to embassies and military attaches. The building has 33 apartments and one business premises, which is about 2660 m2 of living space and about 664 m2 of retail space.


In recent years, the building was completely renovated and upgraded. Destroyed during the war, the left wing of the palace was replaced by a new one. At the moment, the object is in very good condition.


There is central heating and hot water.


Rent


The plot is leased for a period of 75 years. Annual rent of land is approximately 93,592 euro.


Net annual rental income is about 527 750 euro.


The annual net rent (minus land rent) is about 434,150 euro.


The profitability of 6% / given for the land 5.2%.


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