Well-maintained historic stucco building in Moabit

€3,500,000
  • ~1,533 m² Total surface
  • ~1,533 m² Living area
  • ~554 m² Plot surface

Description

The property is an apartment building constructed around 1900, comprising 17 units spread across five full stories and an attic in the main building and a side wing. The property is accessed via two stairwells and is in good condition, both technically and visually. A new hotel is currently being built on the left side of the property. Future access to the front building will be via a newly created entrance area within the hotel building, which is reserved exclusively for tenants. Numerous period details, such as decorative stucco facades, original doors, and high ceilings, are present and lend the property its special charm. The fully leased residential units are heated by gas central heating; hot water is also supplied centrally. Most windows are made of plastic insulated glass, and balconies and bay windows are present. Between 2006 and 2008, major renovations took place, including work on the building services. A new gas central heating system was installed, and the electrical wiring and water supply and drainage pipes were replaced. The residential units were renovated whenever tenants moved out. In recent years, the remaining attic space was also converted. Furthermore, a total of 12 of the 15 existing apartments have been renovated since 2009. The basement is well-maintained and shows no apparent defects. The property is located within the scope of a preservation ordinance, the "Birkenstraße" neighborhood preservation area, but not within a redevelopment zone. "Birkenstraße" Neighborhood Preservation District Central location Historic stucco building Balconies and bay windows Numerous historic and Art Nouveau elements Two stairwells in varying conditions Gas central heating Energy efficiency rating: D Converted attic Fully leased Average residential rent: EUR8.85/sqm 31478
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-31478

Property details
  • Property type

    Investment

  • Total surface

    ~1,533 m²

  • Living area

    ~1,533 m²

  • Plot surface

    ~554 m²

  • Usable surface

    ~1,533 m²

  • Target return

    4.65 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    111.6 kWh/m²a

  • Energy source

    Gas heating

Location: Moabit, Berlin

The Moabit neighborhood is located in Berlin's central Mitte district and is characterized by a diverse and well-established residential structure. Extensive green spaces and recreational areas, combined with a well-developed urban infrastructure, define this attractive residential environment. The property is situated in an up-and-coming location within the "Birkenstraße" preservation district. The nearby Fritz-Schloß-Park, with its spacious green spaces, offers both special added value and a place of relaxation. The surrounding area is predominantly characterized by renovated historic buildings, excellent local amenities, and a diverse range of dining and cultural offerings. Access to public transportation is excellent thanks to bus routes and nearby subway and commuter rail stations, as is access to the regional highway network.

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