Engel & Völkers

Divided old building in a quiet and central location in Wedding

€5,300,000
  • ~1,964 m² Total surface
  • ~1,497 m² Living area
  • ~626 m² Plot surface
  • ~467 m² Office surface

Description

The property is a residential and commercial building constructed in approximately 1908 in a classic front building design with a small side wing on each side. Two well-maintained stairwells provide access to a total of 17 residential units and three commercial units spread over five full floors. The attic is currently unfinished and offers additional development potential. Heating is provided by gas-fired individual floor heating systems. Only two of the boilers are more than 13 years old, and another is owned by the tenant. The charming old building impresses with numerous preserved old building details such as wooden floors and parquet flooring, stucco elements, and historic doors. In recent years, eight residential units and all three commercial units on the ground floor have been extensively renovated. The commercial units each have a basement room with a ceiling height of approx. 2.05 m, which is connected by an internal staircase. In addition, there are special rights of use for separate areas in the well-maintained inner courtyard. The commercial leases are structured as graduated leases, as are two of the residential leases. The division according to WEG (German Condominium Act) took place in 2016 – before the environmental protection law came into force – so there are no restrictions in the land register. Nine residential tenants have a right of first refusal. One residential unit is currently vacant, one apartment has been terminated as of March 31, 2026, and another as of April 30, 2026. The property is located within the scope of the preservation statute (neighborhood preservation area) "Leopoldplatz." Leopoldplatz protected neighborhood Central location Good and well-maintained overall condition Divided according to WEG Attic not converted Gas floor heating Energy class C/D Average rent for residential property: EUR9.07/sqm Average rent for office space: EUR18.82/sqm 32176
engel & völkers shop image

Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-32176

Property details
  • Property type

    Investment

  • Total surface

    ~1,964 m²

  • Living area

    ~1,497 m²

  • Plot surface

    ~626 m²

  • Office surface

    ~467 m²

  • Usable surface

    ~1,964 m²

  • Target return

    5.2 %

Energy efficiency information
  • Construction year

    1908

  • Energy certificate available

    No

Location: Wedding, Berlin

The property is centrally located in Berlin's Wedding district and thus in the Mitte district. The Leopoldplatz and Nauener Platz underground stations and various bus stops are within walking distance, so that Berlin's city center can be reached in a short time thanks to these excellent transport links. Within Wedding, the property is located on a quiet side street with little traffic, and the immediate residential environment is characterized by a high number of predominantly renovated old buildings. An adult education center, two elementary schools, a kindergarten, and various playgrounds are located nearby. Schillerpark and Müllerstraße, with its numerous shops, supermarkets, and department stores, are also just a few minutes' walk away.

Contact the provider

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by Engel & Völkers Gewerbe Berlin GmbH & Co. KG. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data Engel & Völkers Gewerbe Berlin GmbH & Co. KG stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers Commercial Berlin

engel & völkers shop image

Provider:

Engel & Völkers Gewerbe Berlin GmbH & Co. KG

Privacy policy of content provider

License partner of Engel & Völkers Commercial GmbH

wavy pattern