Engel & Völkers
Fassade

Residential and commercial building in popular Hermsdorf

€1,590,000
  • ~702.99 m² Total surface
  • ~394 m² Living area
  • ~893 m² Plot surface
  • ~307.99 m² Rental Surface

Description

The property at Berliner Straße 138 is a residential and commercial building constructed in approximately 1915 with a total of six apartments, a retail unit, and a roofing company located in the coach house. The units are spread over three full floors and a converted attic and are currently all rented out except for one unit. The property is accessed via a well-maintained, recently renovated staircase and is heated by a gas central heating system installed in 2024. Following various renovation measures, the property is in very good condition, both technically and visually. Last year, three apartments were also extensively renovated. A fourth apartment on the first floor is currently undergoing extensive renovation. In addition to the renewal of the supply and sewage pipes and the electrical installations, high-quality bathrooms and fitted kitchens have been installed. The basement is also currently being renovated. Furthermore, a new front door, a new mailbox system, and a new electronic entrance barrier for access to the property and parking spaces have recently been installed. Due to their sizes of between approx. 55 and 80 m², the units are considered to be very easy to rent. The property is not subject to any preservation regulations. Good condition after renovation Six residential and two commercial units Car parking spaces Attic converted Well-maintained stairwell Gas central heating Advertising billboard Average residential rent: EUR10.38/sqm Average commercial rent: EUR7.01/sqm O42822
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O42822

Property details
  • Property type

    Investment

  • Total surface

    ~702.99 m²

  • Living area

    ~394 m²

  • Plot surface

    ~893 m²

  • Rental Surface

    ~307.99 m²

  • Usable surface

    ~702.99 m²

  • Target return

    5.12 %

Energy efficiency information
  • Construction year

    1915

  • Energy certificate available

    No

Location: Hermsdorf, Berlin

Hermsdorf is a district of Reinickendorf that is popular with families. The residential area is characterized by well-kept single-family homes, modern city villas, and small apartment buildings with a middle-class population structure. Banks, bakeries, grocery stores, and supermarkets are within walking distance. Berlin city center can be reached in about 20 minutes by S-Bahn via the "Hermsdorf" S-Bahn station. By car, you can reach the city highway and thus the city center in a few minutes via Hermsdorfer Damm. The Tegeler Forst forest and Hermsdorfer See lake are within walking distance and invite you to take leisurely strolls.

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Engel & Völkers Commercial Berlin

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Provider:

Engel & Völkers Gewerbe Berlin GmbH & Co. KG

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