Engel & Völkers
Rückfassade

Well-maintained residential and commercial building in a sought-after neighborhood in Kreuzberg

€3,600,000
  • ~1,734.84 m² Total surface
  • ~1,599.84 m² Living area
  • ~709 m² Plot surface
  • ~135 m² Rental Surface

Description

The property is a residential and commercial building constructed around 1889 with a total of 18 apartments and one commercial unit, spread over five full floors in a front building only. The property is accessed via two staircases and is in good condition both visually and technically. Numerous old building details, such as stucco elements in the stairwell, historic doors, and corresponding ceiling heights are present and give the property its special charm. Over the years, some modernization work has been carried out on the property. For example, some of the old wooden windows have been replaced with new plastic insulated glass windows. In addition, individual residential units have been gradually renovated when tenants have moved out and as needed. The residential units, which are currently fully let, are heated by gas floor heating and some have balconies. The attic has not yet been converted, but this appears to be feasible in the future. A building permit for this has already been obtained in the past. The commercial unit on the ground floor is currently leased to a hair salon. The property is located within the scope of a preservation statute, the "Hornstraße" environmental protection area. Hornstraße conservation area Sought-after residential area Well maintained Fully let Some old building details Balconies Unconverted attic gas floor heating Energy efficiency class: E Average residential rent: EUR7.89/sqm Average commercial rent: EUR7.75/sqm 29665
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-29665

Property details
  • Property type

    Investment

  • Total surface

    ~1,734.84 m²

  • Living area

    ~1,599.84 m²

  • Plot surface

    ~709 m²

  • Rental Surface

    ~135 m²

  • Usable surface

    ~1,734.84 m²

  • Target return

    4.69 %

Energy efficiency information
  • Construction year

    1889

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

Location: Kreuzberg, Berlin

The property is located in an established area of the Kreuzberg district. The heart of the neighborhood and also a place of relaxation is the nearby Park am Gleisdreieck with its beautiful green space. The residential environment is characterized by a high number of predominantly renovated old buildings, many of which are prestigious townhouses. Shopping facilities, restaurants, cafés, and cultural institutions are plentiful on nearby Bergmannstraße and Kreuzbergstraße. A secondary school, a primary school, daycare centers, and a sports hall are located in the immediate vicinity. Excellent public transport connections are provided by various bus lines operating in the immediate vicinity and by the Yorckstraße S-Bahn and U-Bahn station.

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