Mixed-use residential and commercial building in a prime location in Prenzlauer Berg

Built around 1900, this prestigious residential and commercial building is located in a prime location in Prenzlauer Berg, not far from the popular Helmholtzplatz and the famous Schönhauser Allee. This charming property comprises a total of 17 stylish apartments in a historic building, as well as an attractive commercial unit in the front building that faces directly onto the street. Both the front building and the garden building extend over five stories each and feature an unfinished attic that appears suitable for conversion. Access is via central stairwells, with two units accessible on each floor. The building underwent extensive renovation in the 1990s and is now in excellent, age-appropriate condition. Each section of the building is equipped with its own gas-fired central heating system, and hot water is supplied decentrally via instantaneous water heaters. Over the past ten years, seven of the 17 residential units have undergone high-quality modernization—including new electrical distribution systems, modern, contemporary plumbing and building services, stylish flooring, contemporary kitchens, and, in some cases (where necessary), new double-glazed windows. In 2011, an additional residential unit was created through the extensive renovation of the garage entrance facing the courtyard. The apartments, ranging in size from 45 m² to 89 m², are in high demand. The owners have continuously invested in maintaining the property's value and modernizing it: In 2018, a comprehensive sewer system renovation was carried out; in 2019 and 2020, the entire electrical system was replaced and centralized, including modern risers and digital meters. In 2022, the doorbell system (with an elegant brass plaque) and the courtyard lighting were replaced. Many of the old windows have been replaced with modern double-pane windows. The possibility of converting the attic has not yet been explored. The property is held by a civil law partnership (GbR). In 2021, the property was legally subdivided in the land registry. The sale of the subdivided property can only take place as part of a share deal. The property is located within the scope of a preservation ordinance, the "Helmholtzplatz" heritage protection zone. "Helmholtzplatz" Preservation District Very well-maintained Gas central heating Fully leased Divided into units under the Condominium Act (WEG) in 2021 12 preemptive rights Attic appears to have potential for conversion Average residential rent: 11.20 EUR/sqm Average commercial rent: 15.05 EUR/sqm 30552