An older building with separate title deeds in the heart of Mitte

The mixed-use building comprises two commercial units and ten flats, covering a total area of approximately 741 m². The flats are accessed via a central staircase. The flats, ranging in size from approximately 60 m² to approximately 90 m², are considered highly lettable and perfectly reflect market demand. The old staircase in the side wing has been closed off, and the resulting space has been structurally incorporated into the respective flats. The property is in a visually unassuming condition; the basement is dry. The units are heated individually via gas-fired individual heating systems. There are preliminary plans to construct an additional building in the rear courtyard area with a planned gross floor area of approx. 375 m², as well as to add two full storeys to the existing building with a floor area of approx. 140 m². The property was divided in the land register in accordance with the German Condominium Act (WEG) in 2020. This has resulted in four pre-emptive rights for individual tenants. The property is not currently subject to any neighbourhood protection regulations. Divided under the Condominium Act (WEG) Not a protected neighbourhood Very popular residential area Attractive flat sizes Visually in fair condition Gas central heating Preliminary planning for the construction of a new building Preliminary planning for an additional storey Four rights of first refusal Average residential rent: 9.24 EUR/m² Average commercial rent: 15.47 EUR/m² 45729