Multi-family house divided according to WEG (German Condominium Act) in a quiet side street

€5,700,000
  • ~2,166 m² Total surface
  • ~2,166 m² Living area
  • ~701 m² Plot surface

Description

Built around 1911, this apartment building comprises 37 residential units spread across a front building and two side wings over four full storeys and a converted attic. The units in the front building have loggias and balconies. Some of the old building details have been preserved here, such as historic doors and staircases. The units are heated by district heating. Hot water is also supplied centrally. The property was last renovated in the 1990s. Among other things, the bathrooms were renovated, the electrical system was centralised and the attic was converted to create five additional units. Three attic units are located in the front building, and two units have been built as maisonette flats in the side wings. The property has been divided in the land register since 31 January 2020. Fourteen units no longer have a right of first refusal. All units are currently rented out. The property is not currently located in any special area. Purely residential use Well-maintained condition Attic converted Old building details Divided according to WEG (German Condominium Act) 13 preemptive rights Spacious inner courtyard Facade with balconies and loggias District heating Energy efficiency class F No protected neighborhood Average rent for residential properties: EUR10.06/sqm 121126
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-121126

Property details
  • Property type

    Investment

  • Total surface

    ~2,166 m²

  • Living area

    ~2,166 m²

  • Plot surface

    ~701 m²

  • Usable surface

    ~2,166 m²

  • Target return

    4.59 %

Energy efficiency information
  • Construction year

    1911

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    179.1 kWh/m²a

Location: Moabit, Berlin

The property is located on a moderately frequented residential and commercial street in a central inner-city location. The surrounding area is characterised by good infrastructure with a mix of commercial and residential developments. All shops for daily needs are available in the immediate vicinity, as well as local recreational facilities in the form of green spaces and waterfront areas. The streetscape is predominantly characterised by commercial buildings and larger residential buildings dating from the turn of the century. The connection to private transport and local public transport is considered to be very good.

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Engel & Völkers Gewerbe Berlin GmbH & Co. KG

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