Eingangsbereich

A fully let residential and commercial building in the Boxhagen neighbourhood

€3,800,000
  • ~1,630 m² Total surface
  • ~1,491 m² Living area
  • ~721 m² Plot surface
  • ~47 m² Office surface
  • Construction year 1905

Description

The property is a mixed-use residential and commercial building, constructed around 1905, comprising 31 residential units and two commercial units, distributed across the front building, side wings and a transverse block. The property is generally in a well-maintained condition and is currently fully let. Its classic Berlin 'Altbau' character is defined by the historic building structure, generous ceiling heights and preserved architectural features from the 'Gründerzeit' period. The majority of the windows have already been replaced, thereby improving both the energy efficiency and sound insulation compared to the original fixtures. Heating is provided by a combination of individual gas-fired radiators in the front building and a modern gas-fired central heating system for the side wing and the transverse building. The central heating system has been upgraded and is technically up to date. The main pipework for heating and plumbing has also been largely modernised. Various maintenance and modernisation measures have already been carried out in recent years. The landscaped inner courtyard offers tenants a pleasant place to spend time and creates a homely atmosphere within the complex. The attic has not been converted. The property is situated within the scope of the Preservation Order, a heritage conservation area. Sought-after residential area 'Boxhagener Platz' conservation area Fully let Facade with balconies Central gas heating and individual gas heating systems Energy efficiency class E Attic not converted Landscaped courtyard Average residential rent: EUR11.69/m² Average commercial rent: EUR20.66/m² 41192
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-41192

Property details
  • Property type

    Investment

  • Total surface

    ~1,630 m²

  • Living area

    ~1,491 m²

  • Plot surface

    ~721 m²

  • Office surface

    ~47 m²

  • Usable surface

    ~1,630 m²

  • Target return

    6.36 %

Energy efficiency information
  • Construction year

    1905

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    143.1 kWh/m²a

Location: Friedrichshain, Berlin

The property is situated in the heart of the popular Friedrichshain district, in the immediate vicinity of Boxhagener Platz. This area is particularly popular with students and couples due to its many trendy bars, galleries and clubs. The streetscape is characterised by refurbished historic buildings from the Gründerzeit era, arranged in a classic perimeter block layout. The location offers a peaceful residential atmosphere away from the busier main thoroughfares. There are numerous shopping facilities in the vicinity, ensuring excellent local amenities. The banks of the Spree, within walking distance, and the neighbourhood's green spaces invite you to relax in the countryside. Public transport links are also excellent, with various underground, suburban rail and tram lines.

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