Listed apartment building with vacant units near the Spree River

€1,500,000
  • ~552 m² Total surface
  • ~552 m² Living area
  • ~349 m² Plot surface

Description

The property in Berlin-Mitte is a multi-family house built around 1887, comprising a total of ten residential units spread across a front building and a side wing. The front building has three full storeys and a partially converted attic. The side wing comprises three full storeys and an attic which has not been converted. The property is accessed via two stairwells and is in a basic condition, both visually and technically. Traditional architectural features such as a decorative stucco-adorned front façade and high ceilings lend the property its special charm. The residential units themselves do not feature stucco. The apartment block is heated by gas-fired central heating. No renovation work has been carried out in recent years. Currently, three of the ten residential units are vacant, offering immediate scope for modernisation and re-letting. Parts of the attic are unfinished, thus offering development potential. The property is situated within the scope of a preservation order for urban character and within a listed ensemble, but not within a conservation area. Ensemble monument Conservation area with unique urban character Sought-after residential location Old building details present Gas floor heating Attic partially converted Vacancies available Average rent for residential units: 8.74 EUR/sqm 160672
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-160672

Property details
  • Property type

    Investment

  • Total surface

    ~552 m²

  • Living area

    ~552 m²

  • Plot surface

    ~349 m²

  • Usable surface

    ~552 m²

  • Target return

    4.13 %

Energy efficiency information
  • Construction year

    1887

  • Energy certificate available

    No

Location: Mitte, Berlin

The property is situated in a sought-after location in Berlin Mitte, right on the border with Berlin Kreuzberg. The neighbourhood is characterised by urban vibrancy and cultural appeal. Some of the city's most famous clubs, including Tresor and KitKat, are situated in the immediate vicinity. At the same time, Köpenicker Straße has been developing extremely positively for years, with creative concepts, high-quality new-build projects and innovative commercial developments that are enhancing the neighbourhood in the long term. Shopping facilities such as Alexa and numerous shops around Alexanderplatz are within easy reach. Public transport links are excellent via Jannowitzbrücke station and the Heinrich-Heine-Straße underground station. Overall, this is a central, lively and rapidly developing location with a distinctive character.

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