Engel & Völkers
Innenhof

Charming old building with rooms available for rent

€2,800,000
  • ~1,134.46 m² Total surface
  • ~1,134.46 m² Living area
  • ~826 m² Plot surface

Description

Built around 1900, this apartment building is located in a quiet yet well-connected area in the up-and-coming Berlin district of Oberschöneweide. The classic old building complex with a front building and side wing extends over four full storeys and comprises a total of 16 residential units. The building is in a continuously maintained condition, both technically and visually. Two staircases with original wooden railings and historic doors underline the authentic old building character of the house. Numerous architectural details from the Wilhelminian era, such as historic wooden floors and corresponding ceiling heights in the apartments, convey the typical charm of old Berlin buildings. The green inner courtyard offers a quiet oasis of retreat and has bicycle parking spaces for residents. In 2019, a new gas central heating system with condensing technology was installed. In 2010, the entire electrical system was modernised and the meter system in the basement was centralised. Further measures, such as the renovation of the entrance area in 2013, the facades in 2014 and the stairwells in 2017, testify to the continuous maintenance and value preservation of the property. Over the past 15 years, seven flats have been partially renovated and one flat has been completely refurbished. Most of the units are equipped with fitted kitchens. Six units have two balconies each and two units have one balcony each. The wooden double-glazed windows facing the street and the wooden windows facing the courtyard blend harmoniously into the old building. The attic has good ceiling height and appears to be fundamentally expandable. Ten of the sixteen residential units are currently rented to shared flats. These units are rented out on permanent room rental agreements, with tenants using one room each and sharing the common areas on a pro rata basis. The operating costs are apportioned among the residents on a pro rata basis. Due to the shared flat structure, there is natural fluctuation, but the tenants regularly organise the search for new tenants and the handover with a protocol themselves. Overall, the apartment building presents itself as a solid, well-maintained old building with a continuous maintenance history and classic Berlin charm. The property is located in the 'Oberschöneweide' milieu protection area. Sought-after residential area near HTW, Spree and Volkspark Wuhlheide Very well maintained Charming and green inner courtyard Room-by-room flat share rental Attic appears to have potential for conversion Some balconies Milieu protection Gas central heating from 2019 Energy efficiency class: E Average rent for residential property: EUR13.35/sqm 133893
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-133893

Property details
  • Property type

    Investment

  • Total surface

    ~1,134.46 m²

  • Living area

    ~1,134.46 m²

  • Plot surface

    ~826 m²

  • Usable surface

    ~1,134.46 m²

  • Target return

    6.49 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

Location: Oberschöneweide, Berlin

The property is located in a quiet and established residential area in the popular Berlin district of Oberschöneweide in the borough of Treptow-Köpenick. The green street, characterised by old buildings, runs not far from the River Spree and is distinguished by a pleasant, neighbourly environment with a high quality of living. In recent years, Oberschöneweide has developed into one of the most exciting development areas in south-east Berlin, where historic architecture, urban residential quarters and creative uses come together. The proximity to the University of Applied Sciences (HTW), just 500 metres away, characterises the young, lively environment, as do the numerous cafés, small shops and studios that give the neighbourhood an authentic, up-and-coming character. The public transport connections are excellent: tram lines 27, 37, 60 and 67 are just a few minutes' walk away, as are several bus lines with direct connections to the Schöneweide and Spindlersfeld S-Bahn stations. From there, there are fast connections to Berlin city centre, Adlershof and BER Airport. The location is also convenient for motorists, thanks to its proximity to the A113 and B96a motorways. The immediate vicinity offers a wide range of shopping facilities for everyday needs, restaurants, doctors' surgeries, schools and daycare centres. The extensive banks of the River Spree, the nearby Volkspark Wuhlheide and numerous green spaces invite visitors to take walks and enjoy leisure activities. Today, Oberschöneweide combines the charm of a historic Berlin working-class district with the dynamism of a constantly developing neighbourhood. The property is located in an area that combines quiet living, good accessibility and a creative, urban environment – a location with sustainable development potential and high residential appeal.

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