Well-maintained residential and commercial building in a sought-after neighborhood in Kreuzberg
Price
€3,600,000
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
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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