Engel & Völkers
KAT_3957

Well-maintained old building in the Sprengel neighborhood with energy class B

€5,800,000
  • ~2,488 m² Total surface
  • ~2,284 m² Living area
  • ~1,018 m² Plot surface
  • ~204 m² Rental Surface

Description

The property in the Wedding district is a residential and commercial building constructed in approximately 1908 with a total of 43 residential and two commercial units, all of which are fully let. The units are spread over five full floors and a partially converted attic in a front building, a side wing, and a transverse building. Access is via three well-maintained stairwells, which were renovated in 2007. Overall, the property is in good visual and technical condition. Numerous well-preserved old building details, such as stucco elements in the stairwells, historic doors, and the high ceilings typical of old buildings, underline the classic charm of the property. A total of 25 of the 45 units have been gradually renovated to date. The trunk lines have also been replaced regularly as tenants have moved out. Heat is supplied via district heating and the electrical system is centrally organized. Most of the apartments facing the street have balconies. In addition to the stairwell renovation (2007), maintenance measures carried out include the renovation of the chimney in 2012 and the replacement of the main water pipe in 2023. In addition, a composite thermal insulation system was installed on the courtyard side, which contributes to improving energy efficiency. The commercial units are an Afro shop and a late-night shop. The property is located within the scope of a preservation statute, the "Sparrplatz" environmental protection area. Sparrplatz conservation area Sought-after residential and commercial location Good condition Attractive apartment sizes Balconies available Old building details available District heating Energy efficiency class B Attic converted Fully let Average residential rent: EUR9.44/m² Average commercial rent: EUR15.28/m² 43736
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-43736

Property details
  • Property type

    Investment

  • Total surface

    ~2,488 m²

  • Living area

    ~2,284 m²

  • Plot surface

    ~1,018 m²

  • Rental Surface

    ~204 m²

  • Usable surface

    ~2,488 m²

  • Target return

    5.1 %

Energy efficiency information
  • Construction year

    1908

  • Energy efficiency class

    B

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Long-distance heating

Location: Sprengelkiez, Berlin

The street is located in the up-and-coming Sprengelkiez neighborhood of Wedding and impresses with its quiet yet central residential location. The nearby Nordufer with its grand old buildings invites you to take a stroll. Both Müllerstraße with its numerous shopping opportunities and Leopoldplatz are within walking distance. In addition, the Berlin University of Technology, the Virchow Clinic, the Robert Koch Institute, and numerous schools and daycare centers are located nearby. The proximity to the A100 city highway, as well as the "Leopoldplatz" subway station and the "Wedding" S-Bahn and subway station, which are within walking distance, ensure optimal transport connections to the east and west of the city.

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