Charming corner building on a side street off Ku'damm with energy efficiency rating D

€7,200,000
  • ~3,125 m² Total surface
  • ~2,779 m² Living area
  • ~1,009 m² Plot surface
  • ~131 m² Shop surface
  • Construction year 1911

Description

The property is a residential and commercial building constructed around 1911, comprising 15 apartments and two commercial units. These are distributed across five full stories and a partially converted attic in the front building and side wing, and are accessed via a main stairwell and two secondary stairwells. With the exception of one apartment and one commercial unit, all units are leased; the commercial space is currently occupied by a medical practice. In addition, two apartments are used for both residential and commercial purposes. Heating and hot water are provided centrally via district heating. The heating system was completely renovated in 2014. The front building features a historic passenger elevator, and some apartments have balconies facing the street. Two units also have a tenant garden. The building has a full basement, and each tenant has their own basement storage unit. In recent years, the electrical wiring in the basement was replaced, and the apartments were repaired and, in some cases, modernized whenever tenants moved out. Generous ceiling heights and numerous preserved historic details, such as the stately entrance area with stucco ornamentation and the historic doors, define the character of the building. The property is in good condition, though technically somewhat basic, and combines the qualities of a classic Berlin historic building with a sought-after residential and commercial location in Wilmersdorf. It is not subject to any preservation ordinance. Low vacancy rate Well-maintained overall condition District heating with energy efficiency class D Balconies available Wooden double-hung windows Historic passenger elevator Attic partially converted Not located in a preservation district Average residential rent: 8.07 EUR/sqm Average rent for medical practice space: 11.84 EUR/sqm 28186
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-28186

Property details
  • Property type

    Investment

  • Total surface

    ~3,125 m²

  • Living area

    ~2,779 m²

  • Plot surface

    ~1,009 m²

  • Shop surface

    ~131 m²

  • Usable surface

    ~3,125 m²

  • Target return

    4.81 %

Energy efficiency information
  • Construction year

    1911

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    127.3 kWh/m²a

Location: Wilmersdorf, Berlin

The property is located in one of the most sought-after residential areas of City West, in the popular Berlin neighborhood of Wilmersdorf, right on the border with Charlottenburg. The location perfectly combines urban living with a time-honored quality of life and has been one of the capital's most consistently sought-after residential areas for many years. Particularly noteworthy is its immediate proximity to Kurfürstendamm, one of Germany's best-known and most attractive shopping and strolling streets. Numerous high-end retail stores, renowned restaurants, cozy cafés, and a diverse range of cultural and recreational offerings characterize the area and contribute significantly to the location's high residential appeal. The neighborhood is characterized by well-maintained historic and modern buildings, excellent infrastructure, and a sophisticated living environment. Shops for daily needs, doctors, schools, and other services are located in the immediate vicinity. With Preußenpark, Olivaer Platz, and the nearby Volkspark Wilmersdorf, attractive green spaces and recreational areas are also available. Transportation connections are excellent. The "Konstanzer Straße" subway station (U7), the nearby "Charlottenburg" S-Bahn station, and several bus lines provide quick connections to all of Berlin's districts. By car, the A100 urban highway and key destinations in City West are also just a few minutes away.

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