A historic apartment block divided into separate units

  • ~1,520 m² Total surface
  • ~1,520 m² Living area
  • ~1,196 m² Plot surface

Description

The property is a residential building constructed around 1900, comprising 13 residential units – two of which are currently combined – spread over four full storeys. The property has been divided in the land register since 2018 and also includes a potential conversion area of approximately 270 m² in the attic, held as co-ownership. The property is situated in a quiet, second-row location and has a stylish, architecturally historic appearance. Some of the units feature balconies and period details, such as stucco and parquet flooring. The stairwells are kept very simple. Heating is provided via district heating from the neighbouring Protestant Elisabeth Clinic at Lützowstr. 24–26. In recent years, individual measures, such as the roof covering and some of the windows, have been replaced to maintain the building's condition. No major refurbishment work has taken place. Seven units are currently vacant pending refurbishment. The authorities have stipulated that the work must be completed by 30 November 2026. Pre-emption rights still apply under the five existing tenancy agreements, although there are no restrictions noted in the land register. The property is situated within the 'Tiergarten Süd' conservation area. Historic façade Not a listed building Period features Divided into individual units 'Tiergarten Süd' conservation area Quiet location Well-maintained Seven units vacant; 54% vacancy rate District heating Average residential rent: EUR4.67/sqm O12525
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O12525

Property details
  • Property type

    Investment

  • Total surface

    ~1,520 m²

  • Living area

    ~1,520 m²

  • Plot surface

    ~1,196 m²

  • Usable surface

    ~1,520 m²

Energy efficiency information
  • Construction year

    1900

  • Energy certificate available

    No

Location: Tiergarten, Berlin

The property is situated in a central yet quiet second-row location in the Tiergarten district, right next to the Landwehr Canal. The surrounding area is characterised by an attractive mix of prestigious office and residential buildings, well-established infrastructure and green recreational spaces along the water's edge. Thanks to its proximity to Potsdamer Platz, the Kulturforum and Tiergarten, numerous cultural venues, restaurants, cafés and shopping facilities are within easy reach. Public transport links are excellent: several bus routes, as well as Underground and S-Bahn stations, are within walking distance and ensure quick connections to all parts of the city.

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