Residential and commercial building between Kurfürstendamm and Kantstraße
Price
€4,600,000
Residential and commercial building between Kurfürstendamm and Kantstraße
€4,600,000
~1,599.35 m² Total surface
~1,396.35 m² Living area
~812 m² Plot surface
~203 m² Rental Surface
Description
The property in question is a residential and commercial building constructed around 1900 with 13 residential units and two retail units on the ground floor, a bar, and a hairdressing salon, spread across a front building and two side wings. Two apartments are currently vacant. Access is via two staircases without an elevator. Two additional staircases are available but are in need of renovation and are therefore not in use. The attic has not been converted. The apartments range in size from approximately 76 m² to 132 m² and are therefore appealing to families, couples, and shared living communities. The property is heated by gas-fired individual heating systems. The property mainly has double-glazed wooden windows or wooden insulated glass windows, with a few plastic insulated glass windows. Some of the apartments also feature old doors, floorboards or parquet flooring and stucco, which, in combination with the classic ceiling heights in the old building, creates a special old-building charm. Eight of the 13 apartments have a balcony facing the street. Three apartments in the front building have been modernized in recent years. The property is in solid condition, but there is a maintenance backlog. In the future, the electrical system and the water and sewage pipes should be replaced, and energy-efficient renovations should be carried out. The roof should be repaired in the short term to preserve the substance of the building. The property is located within the scope of the preservation area of the "Kurfürstendamm" urban development district.
Preservation area of the urban character "Kurfürstendamm"
Sought-after residential area
Balconies and loggias
Old building details
Attic not converted
Gas floor heating
Energy efficiency class C
Solid condition
Vacancy
Average rent for residential property approx.: EUR9.90/sqm
Average commercial rent approx.: EUR21.65/sqm
76046
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-76046
Property details
Property type
Investment
Total surface
~1,599.35 m²
Living area
~1,396.35 m²
Plot surface
~812 m²
Rental Surface
~203 m²
Usable surface
~1,599.35 m²
Target return
4.41 %
Energy efficiency information
Construction year
1900
Energy efficiency class
C
Energy certificate available
Yes
Energy certificate type
Energy Consumption Certificate
Location: Charlottenburg, Berlin
The property is located in the heart of the old West Berlin district of Charlottenburg, not far from the popular Kurfürstendamm, whose most attractive and exclusive section is located exactly between Olivaer Platz and Meinekestraße. Leading retail stores have settled in the immediate vicinity. The important shopping mile Kantstraße and the pedestrian zone Wilmersdorfer Straße are also within walking distance. A market is held twice a week at Karl-August-Platz, 600 meters away. In addition, a number of appealing cafés and restaurants have been established here for some time. Transport connections are excellent via the Charlottenburg and Savignyplatz S-Bahn stations, the Wilmersdorfer Straße U-Bahn station, public buses, and by car.
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