Fully leased residential and commercial building near the Friedenau S-Bahn station

€2,600,000
  • ~1,021 m² Total surface
  • ~908 m² Living area
  • ~729 m² Plot surface
  • ~113 m² Shop surface

Description

The property is a residential and commercial building constructed around 1903, comprising a total of eight apartments and one commercial unit. The building is accessed via a well-maintained stairwell and features classic historic details such as an attractive facade, historic double-hung wooden windows, and high ceilings with stucco, all of which lend the property its unique charm. The apartments also feature balconies facing the street and the quiet inner courtyard. Some of the windows facing the inner courtyard have already been replaced with new PVC windows. The units are heated via gas-fired individual heating systems. The electrical system is not centralized, and the wiring has been partially upgraded as needed. The attic has not yet been converted and offers potential for further development. The property also features a beautiful courtyard, which further enhances its livability. The property is currently located in a preservation district designated for its urban character and is in good technical and visual condition overall. No environmental protection zone Popular residential area Attractive facade Balconies available Gas-fired radiators Energy efficiency class D Numerous period details Attic not converted Average residential rent: EUR8.53/sqm Average commercial rent: EUR10.57/sqm 29185
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-29185

Property details
  • Property type

    Investment

  • Total surface

    ~1,021 m²

  • Living area

    ~908 m²

  • Plot surface

    ~729 m²

  • Shop surface

    ~113 m²

  • Usable surface

    ~1,021 m²

  • Target return

    4.13 %

Energy efficiency information
  • Construction year

    1903

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    126.7 kWh/m²a

Location: Schöneberg, Berlin

The property is located in an established neighborhood of Berlin's Schöneberg district, directly adjacent to Friedenau. The surrounding area is characterized by many charming apartment buildings, most of which date back to the turn of the 20th century. Access to public transportation is excellent, with several bus lines running nearby and the "Friedrich-Wilhelm-Platz" and "Friedenau" subway and commuter rail stations within easy reach. By car, the nearby "Innsbrucker Platz" and "Bundesplatz" highway on-ramps are just a few minutes away. Shopping, restaurants, cafés, and cultural venues are plentiful on the nearby main street and its southwestern extension, Rheinstraße.

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