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A historic landmark property featuring a vacant apartment building and two single-family homes on park-like grounds

€3,200,000
  • ~960 m² Total surface
  • ~960 m² Living area
  • ~3,431 m² Plot surface
  • Construction year 1912

Description

The property consists of a three-building residential complex, built in 1910 and 1912, respectively, that is listed as a historic landmark and sits on a large, tree-lined lot. The three lovingly partially renovated, separately accessible, and very distinct buildings combine historic charm with contemporary living comfort. Over the past 20 years or so, the houses have undergone nearly complete renovation and have been carefully restored. Today, the property and its houses exude a special, unique charm. Spacious, partly covered terraces and the expansive garden—accessible to all residents—offer plenty of room for relaxation and personalization. The properties are virtually vacant and, for the most part, ready for immediate occupancy. The extensive renovation also included the addition and reconstruction of the roofs, while preserving the charm of the original buildings. The three-story "main house," with approximately 590 m² of living space, features four residential units (one per floor), each accessed via a shared, spacious stairwell. The two-story single-family "garden house" has a living area of approximately 159 m² and its own terrace. The two-story "guest house," located directly next to the main house—and also suitable for a family—has a living area of approximately 180 m². It also includes two covered garages with a storage room. Externally, the complex appears for the most part to be in a well-maintained, renovated condition, featuring high-end finishes and new windows. However, some of the apartments are not yet fully finished on the inside and are in need of renovation; for example, no heating has yet been installed in the "Garden House." As such, the spaces are not yet fully move-in ready, and much work still needs to be completed. All other units have gas heating. The property is not located within the scope of any preservation ordinance. Three building sections Desirable residential area Condition: ranging from in need of renovation to good Partially renovated Heating: partially gas Large, park-like garden Balconies, terraces, and garden access Historic building, with some high ceilings typical of older buildings Can be handed over vacant Numerous period details Two covered garages O151229
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O151229

Property details
  • Property type

    Investment

  • Total surface

    ~960 m²

  • Living area

    ~960 m²

  • Plot surface

    ~3,431 m²

  • Usable surface

    ~960 m²

  • Target return

    5.23 %

Energy efficiency information
  • Construction year

    1912

  • Energy certificate available

    No

Location: Frohnau, Berlin

The property is located in the Frohnau district of Berlin, in a distinguished and established neighborhood featuring attractive, high-quality residential developments on the northern outskirts of Berlin. Its charming surroundings, with forests and lakes, and its good access to downtown Berlin make Frohnau a sought-after residential area in a green setting. The neighborhood surrounding the property is characterized primarily by well-maintained single-family homes and smaller multi-family buildings, as well as a middle-class demographic. Shopping options are available, particularly at Zeltinger and Ludolfinger Platz, which hosts a weekly market. Additional shopping and recreational options (e.g., BioCompany, a pharmacy, restaurants, a bowling center, etc.) are also located just a few minutes' drive further south on the B96. The center of Berlin is also easily accessible via the B96. Public transportation connections are provided by bus lines 806 and 809, as well as the quickly accessible Frohnau S-Bahn station.

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