Engel & Völkers
Rückfassade

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
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Engel & Völkers Commercial Berlin

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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Engel & Völkers Commercial Berlin

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Engel & Völkers Gewerbe Berlin GmbH & Co. KG

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