Residential and commercial building not far from Karl-August-Platz

€4,300,000
  • ~2,318 m² Total surface
  • ~2,261 m² Living area
  • ~969 m² Plot surface
  • ~57 m² Office surface

Description

The residential and commercial building was constructed around 1896 and comprises a total of 33 flats and one commercial unit. These are accessed via a stately entrance hall and three stairwells. The property is in a well-maintained but modest condition. The attic has not been converted. Some tenants use the space for storage. Several units have balconies, and there is also a spacious courtyard. Most of the flats have wooden floorboards. The generous ceiling heights lend the rooms an additional sense of space. Heating is largely provided by gas combi boilers. Five flats in the side wing still have coal-fired stoves. Four of these flats have the bathroom in the kitchen and external toilets. Hot water is supplied partly by the combi boilers and partly by boilers. Some of the flats are in a basic condition. The property is situated in the 'Karl-August-Platz' conservation area. Sought-after residential area Karl-August-Platz conservation area Simple condition Facade with balconies facing Sesenheimer Straße Old building details Gas floor heating and coal stoves Energy efficiency class F Attic not converted Average rent for residential property: EUR5.90/sqm Average rent for office space: EUR7.02/sqm 28638
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-28638

Property details
  • Property type

    Investment

  • Total surface

    ~2,318 m²

  • Living area

    ~2,261 m²

  • Plot surface

    ~969 m²

  • Office surface

    ~57 m²

  • Usable surface

    ~2,318 m²

  • Target return

    3.83 %

Energy efficiency information
  • Construction year

    1896

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    161.5 kWh/m²a

Location: Charlottenburg, Berlin

The property is situated in an established and quiet part of Berlin's Charlottenburg district. The Deutsche Oper and Schustehruspark, which is ideal for relaxation, are in the immediate vicinity. Furthermore, Karl-August-Platz, with its popular weekly market, is within walking distance. Wilmersdorfer Straße and Bismarckstraße are home to numerous shops for everyday needs. The surrounding area also offers an excellent range of schools and nurseries. In addition, the Technical University of Berlin is nearby. Transport links are excellent, whether by car or public transport. The 'Deutsche Oper' and 'Richard-Wagner-Platz' underground stations on lines U2 and U7, as well as stops for various bus routes, are within easy walking distance. By car, it takes around five minutes to reach the nearby 'Spandauer Damm' motorway junction.

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Engel & Völkers Commercial Berlin

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