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Engel & Völkers Commercial Berlin

+49 30 20346 0

OI-BER-46193 – This is the Engel & Völkers property ID, your agent might ask for it.

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Licence partner of Engel & Völkers Commercial GmbH

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Engel & Völkers ID : OI-BER-46193
Steglitz, Berlin, Germany

Residential and commercial building ensemble at Stadtpark Steglitz

Price
€22,500,000

Plot surface9,260 m²

Financing option

Amenities and special features of this investment

The residential and commercial buildings are an ensemble of different years of construction. The buildings were originally erected around 1929. After partial destruction during the Second World War, individual sections were rebuilt or reconstructed in the 1950s and 1960s (Berlin Reconstruction Program). Today, the ensemble is home to 12 stores, two catering units and 145 apartments, spread over 13 four-storey buildings. The development is accessed via 13 staircases. The property also includes 16 garages and 30 parking spaces. The property is in a simple but well-kept condition. The apartments were successively renovated when tenants changed, but no fundamental, comprehensive modernization measures were ever carried out. The units have functional floor plans and attractive sizes averaging around 60 sqm. Numerous apartments have balconies, either facing the street or primarily facing the spacious, leafy inner courtyard. Many of the windows are of the original design, although some have already been replaced with modern versions. The property is heated by district heating with central hot water preparation. There are three corresponding transfer stations, which were recently completely renovated. The electrics are largely not centralized. Some of the system still has large roof blanks. Planning studies already exist for a further extension, according to which a conservative estimate of approx. 970 sqm of additional living space could be created. The ensemble is neither within the scope of a conservation statute nor within the scope of a redevelopment area. It is also not subject to any monument protection requirements. Popular residential and commercial location No listed building status Functional floor plans Heating via district heating Top floor partially undeveloped (approx. 970 sqm) 16 garages and 30 parking spaces 145 residential units 14 commercial units Average residential rent: EUR 7.31/sqm Average commercial rent: EUR 17.99/sqm 46193
Property typeInvestment

Rental Surface

1,109 m²

Living area

8,392 m²

Total surface

9,502 m²

Plot surface

9,260 m²

Garages

16

Parking bays

30

Construction year

1929
Energy efficiency class
energy class icon
D
A+
A
B
C
D
E
F
G
H

Energy certificate available

Yes

Energy source

Long-distance heating

Energy Certificate Type

Energy Consumption Certifiate
Features
Garage

Steglitz: Location and surroundings of this property

The Steglitz district of Steglitz-Zehlendorf is located in the south-west of Berlin, at the transition between the rather densely built-up inner city districts and the suburban villa and owner-occupied districts of the capital. The street is a main thoroughfare but also a popular shopping street. With numerous stores selling everyday products, supermarkets and various restaurants, it is an extremely attractive shopping area. The nearby city park also offers numerous opportunities for local recreation. Cultural offerings include several cinemas and the Schlosspark Theater in Schlossstraße, the planetarium at the Insulaner in Munsterdamm and the botanical garden Unter den Eichen. The proximity to the A103 city highway entrance ensures excellent transport connections for private transport. Local public transport connections are ensured by numerous bus lines as well as the S-Bahn and U-Bahn station at "Rathaus Steglitz" and the S-Bahn station "Südende".

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Engel & Völkers
Commercial Berlin

Joachimsthaler Straße 1, 10623, Berlin

+49 30 20346 0

Engel & Völkers
Commercial Berlin

Joachimsthaler Straße 1, Berlin, 10623

OI-BER-46193 – This is the Engel & Völkers property ID.
Team Residential and Commercial
Licence partner of Engel & Völkers Commercial GmbH
Website

Commission Details

The brokerage fee of 7.14% on the purchase price including VAT is payable by the buyer.