Berlin Foreclosure Property - Hotel Building w/ Underground Garage

 

Listing

Hotel Building with Underground Garage
Brodauer Str. 33/Münsterberger Weg 47
DE 12621 Berlin


 Deutsch
Total Land Area approx. 3,128 sqm / 0.77 acre (3 parcels of land)
Service Supply Fully developed
Kind of Property Hotel building
Built over several years until about 2002
Stories 3 + 2 converted attic floors
Elevator Available
Basement Yes
Heating Central gas
Energy Certificate Not required (at foreclosure auction)
Guest Rooms about 43
thereof Double Rooms about 34
thereof Single Rooms about 9
Maximum Guest Beds up to 77
Seats at Restaurant about 48
Basement Garage Yes
Current Use as hotel, mainly occupied by refugees
Rental Income approx. EUR 51,770 per month (as of 10/2017)
Purchase from EUR 2,550,000 (Subject to higher bids!)
Market Value set by Court EUR 2,550,000
Auction in Court to be held June 22, 2020
 Location and Pictures of Property
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 Property Details
Location The property is located in district Marzahn-Hellersdorf, sub-area Kaulsdorf, which is in the east of the city. The district has about 268,500 inhabitants, about 19,200 live in the subsection.

With areas Mahlsdorf and Biesdorf the subsection sums up to be one of the largest one- and two-family home areas. So the neighborhood mainly shows 1- to 2-story family homes.

Shopping opportunities, schools, kindergartens, medical facilities and a branch bank are around.

It's just an about 350 m walk to next bus stop (line 195), about 700 m to city train station Kaulsdorf (S5) and about 700 m to B1/5 federal road Alt-Biesdorf/Alt-Kaulsdorf. Next A10 highway access is about 12 km and the city center at square Alexanderplatz is about 13 km away.

Schönefeld airport is about 18 km and Tegel airport about 25 km distant.
Description It's a fully developed land area, according to land-use plan it's for residential use and within a sanatary zone of well protection. Street front to Brodauer Str. is about 25 m, to Münsterberger Weg about 53 m.

The 3-story solid building with 2 built-out attic floors has been built over several years until about 2002. From Münsterberger Weg is a driveway into the underground garage.

43 guest rooms split into 3 single and 34 double rooms. The bed maximum is up to 77. The restaurant has about 48 seats.

There are several rooms for events like e. g. weddings. Also a wedding suite has been installed at the top attic floor.

Features are e.g. a new heating device from about 2018 for the central gas heating and hot-water system, 2 elevators, wooden insulated windows and a few dormers and sky lights. Depending in the rooms there are parquet, carpet and tile floors.
Remark There is need of renovations works to be done.

The building is currently used as a hotel and mainly occupied by refugees.

Restaurant and event rooms plus the elevators are currently not in use.
Miscellaneous We have mandate in writing from the creditor bank. The offer is subject to confirmation and free of commission for the purchaser/bidder.

Details based on statements of the judicial appraisal reports. We can't assure the accuracy and/or completeness. Errors in detail, transmission and translation reserved. Basis of the auction is survey report, possibly also further hints from the court officer executing the auction. More details and information about the process of a foreclosure auction and the deposit payment you'll get from us by email. You may also visit this page to get more information.
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