The housing and commercial complex from 1997 consists of 3 buildings with basement. The 2-story apartment building with built-out loft space houses 4 residential and 1 commercial unit. In the backyard is a 2-story office block with adjoining workshop and storage building. There are 4 off-road parking lots. The whole complex leaves good impression to be well-maintained, indeed.

The buildings have been fitted to a high standard. Among others they feature a gas central heating and hot-water system, water filter and decalcification facility, rainwater collection system, PVC insulated windows, several skylights/domed roof-lights, windowed tiled shower baths or full bathrooms with tub, S/SE-facing terraces or balconies, terrific throughout roof deck on top of the front building, mainly ceramic tiles or laminate floorings in residential areas, tiled floors in office spaces, concrete floors in the workshop and storage rooms as well as paved yard with green areas.

Figures at Breakdown:
Plot about 983 sqm / 0.24 acre
Residential about 384 sqm / 4,132 sq. ft.
Commercial about 571 sqm / 6,144 sq. ft.
Totals at about 954 sqm / 10,265 sq. ft.
Apartments 4
Commercial Units 4
Parking Lots 4
Annual Rental Income about EUR 65,600 net plus utilities

The property is located in the administrative district of Lichtenberg-Hohenschönhausen, sub-area Hohenschönhausen, the northeast of the German capital, Berlin. The sub-area is home of about 107,000 residents. The street is a secondary road apart from main traffic and shows mainly a mixture of up to 5-story residential and commercial development around. There is good local supply around, e. g. supermarkets or discount grocery stores as well as medical facilities, schools, kindergarten and similar requirements. Next bus and streetcar is available within a distance of about 700 m. To the city center around the square Alexanderplatz it's about 7 km, Tegel airport 16 km and the ramp on A 10 state highway about 19 km away.

The property is for sale from auction in court on May 5, 2010. The minimum selling price is EUR 720,000. Subject to higher bids! The court set the market value at EUR 1,030,000.

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 and the forced administration (rent as of 03/2010). We can't assure for their correctness and/or their wholeness consequently. Errors in detail and transmission as well as mistranslations reserved.