Attractive residential and commercial building with energy efficiency class B

€3,320,000
  • ~1,330 m² Total surface
  • ~1,222 m² Living area
  • ~503 m² Plot surface
  • ~108 m² Office surface
  • Construction year 1898

Description

The property is a residential and commercial building constructed around 1900, comprising a total of 20 flats, a commercial unit currently let to a language school, and a storage area with an office in the basement, which is let to a tradesperson. The units are spread across a front building, a side wing and a garden house, each comprising five full storeys. Potential conversions in the attic have not yet been carried out. The building is currently fully let. The property is accessed via two staircases and is in predominantly good condition, both visually and technically. Original features such as the historic banisters and doors, as well as the stucco in the impressive entrance hall, are still present and lend the property its very special charm. The property is already connected to the district heating network and is supplied with heat via this system. The well-maintained inner courtyard features bicycle parking spaces and an area for waste disposal. In recent years, parts of the building have been refurbished. The stairwells, including the flat entrance doors, were renewed; the figurines on the stair railings were restored and the skirting boards replaced. In addition, the façades have been repainted and the windows replaced. The stucco elements on the windows have also been restored and the roof re-tiled. Furthermore, the bathrooms have been modernised, the courtyard ceiling renewed, the cellar refurbished and bicycle racks installed. The property is situated in a protected neighbourhood and within an area subject to a preservation order for its distinctive urban character. Protected neighbourhood Area designated for the preservation of urban character Sought-after and central residential area: Stephankiez Generally in good condition District heating Features typical of older buildings present Well-maintained courtyard Unconverted loft Average residential rent: EUR9.70/sqm Average commercial rent: EUR15.77/sqm 49239
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-49239

Property details
  • Property type

    Investment

  • Total surface

    ~1,330 m²

  • Living area

    ~1,222 m²

  • Plot surface

    ~503 m²

  • Office surface

    ~108 m²

  • Usable surface

    ~1,330 m²

  • Target return

    5.27 %

Energy efficiency information
  • Construction year

    1898

  • Energy efficiency class

    B

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    70.4 kWh/m²a

  • Energy source

    Long-distance heating

Location: Moabit, Berlin

The property is situated in Berlin's Mitte district, in the Moabit neighbourhood. There are numerous shopping facilities for everyday needs in the immediate vicinity. There is also a wide range of cafés and restaurants. Particular points of interest include the Schultheiss Quarter, with its numerous shopping opportunities, and the Arminius Market Hall. Also worth mentioning is the nearby Stephankiez neighbourhood. Public transport links are provided by several bus routes, as well as the "Birkenstraße" underground station and the "Westhafen" S-Bahn station. The property is also easily accessible by car via "Perleberger Straße", "Turmstraße" and "Stromstraße". Residents can enjoy local recreational facilities at Fritz-Schloss-Park, which is also home to the Vabali Spa and the Tiergarten municipal swimming pool.

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