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Charming old building with a view of Charlottenburg Palace

€2,950,000
  • ~1,216.95 m² Total surface
  • ~1,121.25 m² Living area
  • ~475 m² Plot surface

Description

Built around 1906, the residential and commercial building comprises twelve residential units and one commercial unit on the mezzanine floor of the front building, which is leased on a long-term basis to a dental practice. One apartment on the first floor of the front building is used by the tenant for commercial purposes. Two old leases in the front building are gross cold rents. Access is via two staircases, which still feature original old building details such as historic handrails and leaded glass. The spacious apartments in the front building, some of which extend into the side wing, mostly have balconies facing the quiet inner courtyard. With apartment sizes ranging from approximately 124 to 180 m², they offer a particularly family-friendly environment. In 2015, the attic of the front building was converted and a modern apartment of around 85 m² was added. On the ground floor of the side wing, there is also a maisonette apartment with access via the courtyard and the staircase of the garden house. The units in the garden house range in size from approximately 43 to 54 m² and complete the successful mix of spacious family apartments and compact units. The property is heated by district heating, hot water is supplied by instantaneous water heaters, and the electricity meters have already been centralized in the basement. Most of the wooden double-glazed windows have been preserved, with a few being replaced by plastic insulated glass windows. The property is located in an urban conservation area and is not listed as a historic building. Sought-after residential area Old building details District heating Energy efficiency class F Attic converted in the front building Balconies Not a protected neighborhood Fully let Average residential rent: EUR8.21/sqm Average commercial rent: EUR16.20/sqm 1033
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-1033

Property details
  • Property type

    Investment

  • Total surface

    ~1,216.95 m²

  • Living area

    ~1,121.25 m²

  • Plot surface

    ~475 m²

  • Usable surface

    ~1,216.95 m²

  • Target return

    4.37 %

Energy efficiency information
  • Construction year

    1906

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    183 kWh/m²a

  • Energy source

    Long-distance heating

Location: Charlottenburg, Berlin

The property is located in one of Berlin's most sought-after residential areas—in the traditional Charlottenburg district, just a few steps away from Charlottenburg Palace. Here, cultural richness combines with historic architecture and urban quality of life to create an exceptional location. Renowned cultural institutions characterize the immediate neighborhood: the Scharf-Gerstenberg Collection, the Cast Collection of Ancient Sculptures, and the Deutsche Oper are all within easy walking distance. Within sight, the magnificent Charlottenburg Palace with its extensive park invites you to take long walks, enjoy sporting activities, or relax in the green surroundings. The proximity to the Technical University of Berlin and other scientific institutions also makes the location equally attractive for students, researchers, and professionals. The immediate surroundings also impress with a diverse range of restaurants, charming cafés, high-quality shopping, and excellent urban infrastructure. The transport connections are first-class: several bus and subway lines (including the U2 and U7) are just a few minutes' walk away and offer quick connections to both the City West and the eastern districts. Berlin Central Station and BER Airport can also be reached quickly thanks to the well-developed public transport system and the nearby A100 urban motorway.

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