Commission-free medical practice property with over 5% yield and index-linked lease in Alt-Treptow

3 Rooms

Ground Floor

Located within the catchment area of Alt-Treptow, Neukölln and Kreuzberg, we are pleased to offer this tenanted medical practice unit for sale with no buyer’s commission. The approximately 90 sqm unit is situated in the front building of an attractive period property with original stucco features and was extensively refurbished in 2020. The long-term lease is index-linked and includes extension options. The property offers an initial yield of 5.15%.

The property is situated in a densely populated, young urban neighbourhood. According to the 2022 Census, approximately 16,000 people live within a 500-metre radius and around 44,000 within one kilometre. At 39 years, the average age is significantly below the Berlin average, while the proportion of children and young people is above the citywide level.

According to data published by the Berlin Senate, Treptow-Köpenick has a below-average level of medical provision across all physician categories compared with Berlin as a whole. In the district, one full-time general practitioner serves approximately 1,755 residents, compared with 1,612 residents across Berlin. The Association of Statutory Health Insurance Physicians also provides targeted support for new medical practices in the area.

The surrounding neighbourhood combines Treptow’s established period-building districts with the newer residential developments on the Neukölln side, while the popular waterfront areas around Kreuzkölln are only a few minutes away. The building and common areas are exceptionally well maintained.

The property is particularly suited to investors seeking predictable rental income from a long-term commercial tenant in an established inner-city location.

Cellar

#8254 · Medical Practice

12435 Berlin · Alt-Treptow

€450,000 (~€4,961/m²)

commission-free Buyer commission

Yield ~5.2%

Net cold rent: €1,935/mo.

Condo fees €454/mo.

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Property Details

Basic Information

Year Built: 1900
Floor: Ground Floor of 5
Rooms: 3

Energy Information

Energy Certificate: Available
Energy Certificate Type: Energy Consumption Certificate
Issue Date: 03/09/2019
Valid Until: 02/09/2029
Energy Efficiency Class: D
Energy Value: 101.1 kWh/(m²·a)
Heating Type: Central Heating (District Heating)
Heating Costs: €105

Features

The unit, comprising approximately 90m² of lettable space with a total of three rooms, was brought up to a high standard in the course of an extensive refurbishment in 2020.

Renewal of electrical installation
Redesign of sanitary facilities (staff WC and WC suitable for the disabled)
Installation of a kitchenette
Reworking of the floors
Smoothed walls
Repair of the old building doors
Repair of windows
Installation of a ramp to the street

Location

Micro location:

The location of Bouchéstraße is characterised by a very pleasant, green and quiet environment. Just a few metres away runs the former Görlitzer railway embankment, which leads straight to Kreuzberg as a footpath or cycle path. This scenic and strategically important route is flanked by large commercial premises with a tenant mix of tech start-ups, corporations and medium-sized companies. The area to the northeast is home to the Federal Criminal Police Office (BKA).

Macro location:

The inner-city axis B96 leads east past Treptower Park to Adlershof and beyond the city limits. In a north-westerly direction, the B96 turns into Puschkinallee and then Köpenicker Straße. The waterfront locations along the Spree and Köpenicker Strasse are developing into highly valuable commercial and residential locations.

South of Bouchéstrasse, various neighbourhoods are developing. Less than 5 minutes away is the so-called land corner (Ländereck), where the water of the Spree flows into the Landwehr Canal. This is home to part of Berlin's club scene. Another meeting place for the young Berlin scene has grown up around Weichselplatz.