Residential and commercial building in a prime location in the Bergmannkiez neighborhood

€2,350,000
  • ~978 m² Total surface
  • ~898 m² Living area
  • ~425 m² Plot surface
  • ~80 m² Shop surface
  • Construction year 1900

Description

The property is a five-storey residential and commercial building constructed around 1900, comprising a main block with a side wing. The top floor has not been converted. The 14 flats and one retail unit are currently fully let and are heated and supplied with hot water via a central gas heating system. Access is via a separate staircase in the main building and the side wing. The flat entrance doors, handrails and windows date largely from the 1990s. Between 1995 and 1998, the building underwent extensive refurbishment. Among other things, all waste water and fresh water pipes, as well as the electrical installation, were replaced; the front façade was insulated; and a central gas heating system was installed. The courtyard façade is also insulated, and all windows have already been replaced with uPVC double-glazed windows. The residential units have always been refurbished whenever there has been a change of tenant. The property is in a well-maintained technical condition. However, the communal areas are, for the most part, in a basic state of repair. The property's main attraction is its location in the neighbourhood around Bergmannstraße. Furthermore, the property is situated within the 'Bergmannstraße/Nord' heritage conservation area. "Bergmannstraße Nord" Neighborhood Preservation Area Quiet side street in the neighborhood Renovated in the 1990s Attic space not converted Gas central heating Average residential rent: 9.39 EUR/sqm Average commercial rent: 11.63 EUR/sqm 27512
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-27512

Property details
  • Property type

    Investment

  • Total surface

    ~978 m²

  • Living area

    ~898 m²

  • Plot surface

    ~425 m²

  • Shop surface

    ~80 m²

  • Usable surface

    ~978 m²

  • Target return

    4.68 %

Energy efficiency information
  • Construction year

    1900

  • Energy certificate available

    No

Location: Kreuzberg, Berlin

Nostitzstraße is one of the most sought-after residential areas in the heart of the Bergmannkiez neighbourhood in Berlin-Kreuzberg. Situated between Marheinekeplatz, Viktoriapark and the Landwehrkanal, the area combines an urban lifestyle with neighbourhood charm and cultural diversity. The popular Marheineke Market Hall, numerous cafés, restaurants, small boutiques and shops for everyday needs are all within easy reach. The neighbourhood is characterised by classic historic architecture, leafy streets and a vibrant community atmosphere. Transport links are excellent: the "Gneisenaustraße" (U7) and "Mehringdamm" (U6/U7) underground stations are within walking distance, as are various bus routes. Schools, nurseries, medical facilities and local green spaces are also available in the immediate vicinity.

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