A prestigious period property in a central location

€2,900,000
  • ~1,226 m² Total surface
  • ~1,076 m² Living area
  • ~705 m² Plot surface
  • ~150 m² Office surface

Description

The property is a residential and commercial building constructed around 1900, comprising a total of 22 residential units and two commercial units, which are currently used as offices. The units are spread across five full storeys in the main building and a side wing and are – with the exception of one flat – fully let. Access to the building is via two well-maintained stairwells. Characteristic period features such as original banisters and historic apartment doors have been preserved and emphasise the property's classic charm. Heating is provided by a modern gas central heating system installed in 2021, and hot water is supplied by a continuous-flow water heater. A comprehensive refurbishment was last carried out in 2004, during which all risers and the electrical wiring were replaced. The flats have also been gradually renovated whenever tenants have moved out; this included the replacement of some wooden windows with modern plastic ones. Particularly noteworthy is the spacious communal courtyard, which offers residents a quiet retreat. With flat sizes ranging from approx. 25 m² to 83 m², the property is easy to let; seven of the units are let furnished. The attic has not been converted. The property has no balconies. The property is located outside a conservation area. Popular residential area No conservation area Overall well-maintained condition Low vacancy rate Features of historic architectural style present Attic not converted Gas central heating Energy efficiency class F Average residential rent: EUR11.59/m² Average commercial rent: EUR8.79/m² O26075
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O26075

Property details
  • Property type

    Investment

  • Total surface

    ~1,226 m²

  • Living area

    ~1,076 m²

  • Plot surface

    ~705 m²

  • Office surface

    ~150 m²

  • Usable surface

    ~1,226 m²

  • Target return

    5.62 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    167 kWh/m²a

Location: Tegel, Berlin

The mixed-use development is situated in a lively neighbourhood with excellent transport links. The surrounding area offers a balanced mix of residential buildings, small shops and restaurants. Tegel Underground station (U6) and Tegel S-Bahn station (S25) are within walking distance and provide quick connections to Berlin city centre. Shopping facilities, cafés and services are in the immediate vicinity. The nearby Lake Tegel, with its Greenwich Promenade, offers a high quality of life and recreational opportunities in green surroundings.

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Engel & Völkers Gewerbe Berlin GmbH & Co. KG

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