Engel & Völkers
Treppenhaus

Fully let residential and commercial building near Eiswerder Island

€4,500,000
  • ~2,361.57 m² Total surface
  • ~2,008.74 m² Living area
  • ~968 m² Plot surface
  • ~198.4 m² Office surface

Description

The property is a residential and commercial building constructed in 1910 with 33 apartments and two commercial units. These are spread over four full floors in the front building, the right and left wings, the transverse building, and the converted attic in the front building. The property is accessed via four well-maintained stairwells and is in good condition, both technically and visually. Some old building details, such as historic doors and the old stair railings, have been preserved. The fully rented residential units are supplied with hot water and heat via a gas central heating system, which was installed in 2024. New plastic windows have been installed throughout. The apartments feature contemporary bathrooms. The property was completely renovated in 2009/2010, including all units. During this renovation, the attic in the front building was converted and the facades were insulated. A permit has been obtained for the conversion of the remaining attic space into two apartments, including structural engineering and a fire protection concept. Spandauer Neustadt conservation area Completely renovated in 2009/2010 Central location Good condition Some original features preserved Gas central heating from 2024 Attic in front building converted, planning permission for the rest of the attic has been granted Low vacancy rate Average residential rent: 7.29 EUR/sqm Average commercial rent: 9.89 EUR/sqm 2927
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-2927

Property details
  • Property type

    Investment

  • Total surface

    ~2,361.57 m²

  • Living area

    ~2,008.74 m²

  • Plot surface

    ~968 m²

  • Office surface

    ~198.4 m²

  • Usable surface

    ~2,361.57 m²

  • Target return

    4.73 %

Energy efficiency information
  • Construction year

    1910

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

Location: Spandau, Berlin

Surrounded by Wröhmännerpark and Koeltzepark, this area offers two additional recreational opportunities in addition to the publicly accessible banks of the Spree. Spandau's old town is within walking distance, about ten minutes away. Bus lines running in the immediate vicinity provide direct connections to the Spandau long-distance, S-Bahn, and U-Bahn stations, as well as Charlottenburg Palace and City West. Right next to the new long-distance train station are the Spandauer Arcaden, which offer numerous shopping opportunities with their 125 stores.

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