Engel & Völkers

Split historic building in prime location in Mitte

€3,750,000
  • ~929 m² Total surface
  • ~787 m² Living area
  • ~495 m² Plot surface
  • ~142 m² Rental Surface

Description

The property is a residential and commercial building constructed in approximately 1854 and divided in the land register in 2016, with nine apartments and two commercial units. The property was physically divided several years ago, and the rear plot was sold and developed. Of the eleven units in total, ten are currently let and are spread over three full floors and an attic that was converted in 2004, in a front building with a side wing. The commercial units are currently let to a hairdresser and a bookstore. One of the two shop units will become vacant on April 1, 2026. The vacant unit is a maisonette unit in the attic of the front building, and the attic unit in the side wing is also expected to become vacant on March 1, 2026. The two apartments are next to each other, so it seems technically possible to combine them. The units are accessed via two well-maintained stairwells. The well-maintained inner courtyard is also worth mentioning. The last renovations to the property took place within the last 15 years, during which the wiring and electrical systems were renewed. In addition, some of the windows in the property were brought up to modern standards. Almost all of the apartments are also in good condition and have been gradually renovated over the last ten years as tenants have moved in and out. Some of these are equipped with laminate or wooden floors and white-tiled bathrooms. Heating is provided by gas central heating. The property is a listed building. Of the nine residential units, six currently have a statutory right of first refusal. The property is located in an area designated for preservation of urban character, but not in a protected neighborhood. No protected neighborhood Sought-after residential area Divided according to WEG Six preemptive rights Good overall condition Old building Historic monument Gas central heating Attic converted Average rent for residential property: EUR8.28/sqm Average rent for retail space: EUR24.20/sqm 33671
engel & völkers shop image

Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-33671

Property details
  • Property type

    Investment

  • Total surface

    ~929 m²

  • Living area

    ~787 m²

  • Plot surface

    ~495 m²

  • Rental Surface

    ~142 m²

  • Usable surface

    ~929 m²

  • Target return

    3.54 %

Energy efficiency information
  • Construction year

    1854

  • Energy certificate available

    No

Location: Mitte, Berlin

The property is located in the Mitte district in the Rosenthaler Vorstadt area. Arkonaplatz and Veteranenstraße, which are very popular with residents, are in the immediate vicinity. Rapid development is taking place here. Almost all of the properties there have been or are being modernized and re-let. A decisive impetus is coming from the development of the former Jandorf department store into a conference center and the renovation of the Fehrbelliner Höfe. Transport links are good, both by car and by public transport. The Bernauer Straße underground station (U8) is in the immediate vicinity of the property. Shopping facilities for daily needs are available in the surrounding area. The Mitte district offers a wide range of shopping opportunities, cultural institutions, restaurants, and cafés within walking distance. The popular Weinbergspark is also only a few minutes' walk away.

Contact the provider

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by Engel & Völkers Gewerbe Berlin GmbH & Co. KG. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data Engel & Völkers Gewerbe Berlin GmbH & Co. KG stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers Commercial Berlin

engel & völkers shop image

Provider:

Engel & Völkers Gewerbe Berlin GmbH & Co. KG

Privacy policy of content provider

License partner of Engel & Völkers Commercial GmbH

wavy pattern