Fully leased residential and commercial building with a large retail space on a side street off Ku'damm in Halensee
€5,000,000
- ~1,494 m² Total surface
- ~1,114 m² Living area
- ~1,620 m² Plot surface
- ~380 m² Office surface
Description
The property is a mixed-use residential and commercial building constructed in 1955 and comprises a total of 21 residential units as well as a large commercial unit in the courtyard, which consists of office space in a coach house, a glass-enclosed office pavilion, and a high-quality warehouse. The courtyard also features six parking spaces, which are fully utilized by the commercial tenant. With the exception of one residential unit, the property is fully leased. Overall, the property is in good and well-maintained condition. In 1984, the property was expanded upward, creating two additional apartments with terraces. An elevator was installed at the same time. The residential units on all floors are accessed via covered walkways. The property has a basement and is centrally supplied with heat and hot water via district heating. The energy performance certificate indicates energy efficiency class "D". Significant renovation work has already been carried out in recent years. For example, the roof was replaced in 2016, and all windows have already been replaced with plastic ones. The electrical system has also been centralized and has been gradually updated in the units as tenants move out. A living space calculation from 2001 shows an additional living area of approximately 45 sqm beyond what is specified in the lease agreements. This additional space is primarily attributable to an attic unit and also includes the proportional inclusion of the terrace area. These areas have not yet been accounted for in the current tenant list.
Not a protected neighborhood
Popular residential area
Balconies available
Passenger elevator
Plastic windows
Arched walkways
District heating
Energy efficiency rating: D
Large commercial space in the courtyard
Attic floor added in 1984
Low vacancy rate
Average residential rent: EUR11.08/sqm
Average commercial rent: EUR23.68/sqm
49488
Engel & Völkers Commercial Berlin
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-49488
Property details
- Property type
Investment
- Parking spaces
6
- Total surface
~1,494 m²
- Living area
~1,114 m²
- Plot surface
~1,620 m²
- Office surface
~380 m²
- Usable surface
~1,494 m²
- Target return
5.21 %
Energy efficiency information
- Construction year
1955
- Energy efficiency class
D
- Energy certificate available
Yes
- Energy certificate type
Energy Consumption Certificate
- Final Energy Consumption
116 kWh/m²a
- Energy source
Long-distance heating
Location: Halensee, Berlin
The property is located in the Halensee district, in the immediate vicinity of Henriettenplatz. Halensee is one of the most sought-after inner-city residential areas in western Berlin and is characterized by a dense, predominantly closed perimeter block development featuring numerous historic and post-war buildings. The street is located in close proximity to Kurfürstendamm and benefits from its diverse range of retail, dining, and service options. Amenities for daily needs, as well as schools, daycare centers, and medical care, are within walking distance. Transportation connections are excellent. The Halensee S-Bahn station (Ringbahn) and several bus lines provide excellent access to all parts of the city. Additionally, the location is optimally connected to the wider road network with a direct link to the A100. The micro-location combines urban density with central accessibility and is considered a location with sustained demand.
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