Residential and commercial building in the Boxhagen neighbourhood

€2,000,000
  • ~816 m² Total surface
  • ~682 m² Living area
  • ~504 m² Plot surface
  • ~135 m² Shop surface
  • Construction year 1904

Description

The property is a residential and commercial building, constructed around 1904, comprising eleven flats and two commercial units spread across five full storeys in a front building with a left-hand side wing. The top floor has not been converted. The commercial units comprise a restaurant and a tattoo studio; one residential unit is currently vacant. Access to the property is via a bright stairwell typical of older buildings, and it is in a generally well-maintained condition, both technically and visually. A few original features of the older building remain, such as historic doors, decorative elements on the stair railings and characteristic ceiling heights. The flats are heated individually via gas-fired individual heating systems and are also in a well-maintained condition; plastic double-glazed windows have already been fitted. Each unit has a balcony. The basement is technically simple but does not appear to have any defects. The property is situated within the scope of a conservation order, the 'Boxhagener Platz' conservation area. Environmental protection area Highly sought-after residential area Generally well-maintained Older building with balconies Spacious inner courtyard Gas-fired individual heating Attic not converted Average residential rent: 8.95 EUR/sqm Average commercial rent: 24.79 EUR/sqm 40083
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-40083

Property details
  • Property type

    Investment

  • Total surface

    ~816 m²

  • Living area

    ~682 m²

  • Plot surface

    ~504 m²

  • Shop surface

    ~135 m²

  • Usable surface

    ~816 m²

  • Target return

    5.77 %

Energy efficiency information
  • Construction year

    1,904

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    116 kWh/m²a

  • Energy source

    Gas heating

Location: Friedrichshain, Berlin

Thanks to its central location and lively, urban atmosphere, the Friedrichshain district is one of Berlin's most sought-after residential areas. The numerous bars, restaurants and cafés around Neue Bahnhofstraße and in the nearby Boxhagener Kiez attract both Berliners and visitors alike, shaping the neighbourhood's dynamic character. However, even within Friedrichshain, individual locations must be considered on a case-by-case basis. The micro-location of the property is crucial, as even short distances to busy streets or quieter residential areas can have a noticeable impact on the quality of life. Public transport links are excellent via the nearby 'Ostkreuz' station.

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