Eingangsbereich

A fully let residential building in the Stephankiez neighbourhood with energy efficiency class 'C'

€2,700,000
  • ~1,460 m² Total surface
  • ~1,460 m² Living area
  • ~513 m² Plot surface
  • Construction year 1880

Description

The property is a block of flats comprising 21 flats, built around 1880. The flats are spread over five full storeys in the front building and side wing, although only the top floor of the front building has been converted. The flats are accessed via two well-maintained stairwells, with the one in the main building in particular featuring period details such as stucco and historic tiles. In addition to the generous ceiling heights and characteristic Art Nouveau doors, the interiors of the flats are also characterised in places by wooden floorboards and decorative stucco. The conversion of the top floor dates back to the early 1980s. Subsequently, the roof covering was also replaced, the street-facing façade was refurbished and insulated, and the inner courtyard – including the painting of the stairwells – was attractively redesigned. Later, modern double-glazed PVC windows facing the courtyard were fitted. As tenants moved in and out, around eleven flats were progressively modernised, five of them extensively. This involved upgrading the electrical distribution boards and bathrooms, whilst the old wooden floors were refurbished or replaced with new laminate flooring. The flats on the first and fifth floors of the front block extend into one room in the side wing. Heating and hot water are provided decentrally via gas-fired individual heating systems, whilst the main electrical distribution is also organised decentrally. Of the nine small flats in the side wing, eight are heated by automatic gas-fired boilers. The cellar is dry and was completely cleared out this year. The property is in a well-maintained condition and, in addition to its central and sought-after location, impresses with its solid structural integrity, good energy efficiency rating and historic details. The property is situated within an area designated for the preservation of the local character. "Birkenstraße" conservation area Sought-after, central residential location Residential use only Well-maintained Popular flat sizes Some original architectural features retained Converted attic Front facade insulated Gas central heating Energy efficiency class C Fully let Average rent for residential properties: 8.01 EUR/sqm 32454
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-32454

Property details
  • Property type

    Investment

  • Total surface

    ~1,460 m²

  • Living area

    ~1,460 m²

  • Plot surface

    ~513 m²

  • Usable surface

    ~1,460 m²

  • Target return

    5.2 %

Energy efficiency information
  • Construction year

    1880

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    77.7 kWh/m²a

  • Energy source

    Gas heating

Location: Moabit, Berlin

The property is situated adjacent to the very popular Stephankiez neighbourhood in Moabit. This neighbourhood is characterised by its partly quiet yet central location, with a pleasant local atmosphere, and benefits from the appeal of the government district and its proximity to the main railway station. In the immediate vicinity is Europacity, a district covering approximately 40 hectares, which provides workplaces and housing for many thousands of people. In addition to the MOA Bogen and the Schultheiss Quartier, both within walking distance, there are plenty of shopping opportunities throughout the neighbourhood. The proximity to the city motorway and local public transport ensures excellent transport links to the entire city. Both the River Spree and the Tiergarten are within easy reach and are ideal for walks.

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