A stately corner house on Perelsplatz

€7,200,000
  • ~2,357 m² Total surface
  • ~2,321 m² Living area
  • ~1,313 m² Plot surface
  • ~36 m² Shop surface
  • Construction year 1904

Description

The property is a residential and commercial building constructed around 1904/1905, comprising a total of 17 flats and one commercial unit spread over four full storeys. In addition, there are two let storage areas in the basement. This prestigious corner building is particularly striking thanks to its magnificent stucco façade and the lovingly preserved period features. The property is accessed via two very well-maintained stairwells and is in good condition, both technically and visually. Numerous period features, such as decorative stucco ceilings, historic doors, leaded glazing and characteristic ceiling heights, are present and lend the property its special charm. The residential units are spread across a front corner block and two side wings, and some feature a balcony or bay window overlooking Perelsplatz. In recent years, the façades have been re-plastered and a new central gas heating system installed, amongst other improvements. Most of the flats still feature parquet flooring, double doors and stucco elements. The spaces in the basement are currently being let on a long-term basis for storage purposes, with one of the flats also located in the basement. The commercial unit is a pottery workshop. The top floor has not been converted and, subject to consultation with the relevant authorities, may offer potential for additional storeys. The top floor ceiling is already insulated. The property is not currently situated within a conservation or heritage protection area. Situated directly on Perelsplatz Not a heritage conservation area Prestigious corner building Good condition Stucco façade with balconies Gas central heating installed in 2021 Attic not converted Fully let Average residential rent: EUR9.06/m² Average commercial rent: EUR9.00/m² 51547
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-51547

Property details
  • Property type

    Investment

  • Total surface

    ~2,357 m²

  • Living area

    ~2,321 m²

  • Plot surface

    ~1,313 m²

  • Shop surface

    ~36 m²

  • Usable surface

    ~2,357 m²

  • Target return

    3.59 %

Energy efficiency information
  • Construction year

    1904

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    112.7 kWh/m²a

Location: Friedenau, Berlin

Perelsplatz, together with the nearby Cosimaplatz, forms the heart of the neighbourhood and is regarded as one of the most attractive areas of the Friedenau district. Its location right on Perelsplatz is characterised by spacious green spaces, mature trees, stately historic building façades and a high quality of life. Particularly appealing is the juxtaposition of the modern new-builds in the Friedenauer Höhe urban quarter, developed to the with the beautiful historic buildings surrounding Perelsplatz, creating a residential environment that is both diverse and of a high standard. A wide range of shops, restaurants, cafés and cultural venues can be found on the nearby Hauptstraße. Connections to the public transport network are excellent, thanks to various bus routes operating in the immediate vicinity and the 'Bundesplatz' S-Bahn and U-Bahn station. The nearby 'Wexstraße' motorway junction is just a few minutes' drive away.

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