Engel & Völkers
Hauseingang

Compact and fully let residential and commercial building in Friedrichsfelde

€1,275,000
  • ~569.75 m² Total surface
  • ~382.02 m² Living area
  • ~773 m² Plot surface
  • ~187.73 m² Office surface

Description

The property is a residential and commercial building built around 1908 with a total of six residential and one commercial unit spread over three full storeys in a single front building. The property is accessed via a staircase and is in a well-kept condition both visually and technically. Old building details such as a decorative stucco façade, handrails typical of the period and corresponding ceiling heights are present and lend the property its special charm. Most of the fully let residential units have balconies and are supplied with heat by a gas-fired central heating system. Some of the historic wooden box-type windows on the rear façade have been replaced with plastic insulated glass windows. Some of the residential units were successively refurbished when tenants changed. The property is not subject to any conservation statutes. No protected neighborhood Quiet residential area Well maintained condition Stucco facade Old building details present Balconies available Energy efficiency class D Gas central heating Fully rented Average rent for residential: 10.22 EUR/sqm Average rent for commercial: 9.32 EUR/sqm O167869
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O167869

Property details
  • Property type

    Investment

  • Total surface

    ~569.75 m²

  • Living area

    ~382.02 m²

  • Plot surface

    ~773 m²

  • Office surface

    ~187.73 m²

  • Usable surface

    ~569.75 m²

  • Target return

    5.37 %

Energy efficiency information
  • Construction year

    1908

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Gas heating

Location: Friedrichsfelde, Berlin

The property is located between a green expanse and urban diversity. Embedded in a mature residential area with a quiet neighbourhood, the property benefits from the excellent infrastructure of the traditional district of Lichtenberg. In the immediate vicinity, well-kept parks such as the Herzberge Landscape Park or Tierpark Berlin, Europe's largest landscape zoo, invite you to take long walks and family outings. Numerous shopping facilities, schools, daycare centres and medical facilities are within walking distance and make everyday life pleasantly uncomplicated. The transport connections are excellent, with the U5 underground line and several bus routes providing fast connections to Berlin city centre. Thanks to its proximity to the B1/B5 and B96a motorways, it is also easy to get around by car, whether heading towards Alexanderplatz or out into the countryside. Friedrichsfelde presents itself as a lively district in transition, characterised by a charming mix of historic buildings, modern residential architecture and plenty of room for new ideas.

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