Well-maintained residential and commercial building with vacant space and potential for attic conversion in a popular location

€4,200,000
  • ~1,062 m² Total surface
  • ~892 m² Living area
  • ~392 m² Plot surface

Description

This property combines the charm of a classic Berlin historic building with the advantages of one of the capital's most sought-after residential neighborhoods. This striking turn-of-the-century residential and commercial building comprises twelve residential units and two commercial units and is in well-maintained overall condition. Particularly noteworthy is the rare combination of an exciting existing property and attractive opportunities for owner-occupancy. Two apartments are available for immediate occupancy. In addition, the attic offers exceptional development potential: a positive preliminary building permit has already been issued for the expansion of approximately 220 m² of additional living space. This opens up the opportunity to create a spacious penthouse apartment with a view over the rooftops of Berlin-Mitte—a rarity in this location. Significant modernization measures have been implemented in recent years. In addition to facade work and the installation of a central gas heating system, numerous apartments have been gradually renovated, and some windows have been replaced. The property thus combines the charm of a historic building with a solid technical foundation and further development potential.Its immediate proximity to Rosenthaler Platz, the Hackesche Höfe, and Berlin's most important cultural, culinary, and creative hubs has made Torstraße one of the capital's most sought-after addresses for years.A rare opportunity for investors and owner-occupiers alike: a characterful Berlin apartment building with assured development potential, short-term owner-occupancy options, and the chance to create approximately 220 m² of exclusive living space above the rooftops of Berlin-Mitte. Area of Urban Character Preservation No environmental protection Sought-after residential neighborhood Well-maintained condition Partially new windows Preliminarybuilding permit for approximately 220 sqm for the attic has been granted Gas central heating Energy efficiency class F Low vacancy rate Average residential rent: 8.77 EUR/sqm Average commercial rent: 21.44 EUR/sqm 31387
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-31387

Property details
  • Property type

    Investment

  • Total surface

    ~1,062 m²

  • Living area

    ~892 m²

  • Plot surface

    ~392 m²

  • Usable surface

    ~1,062 m²

  • Target return

    3.51 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    194.5 kWh/m²a

  • Energy source

    Gas heating

Location: Mitte, Berlin

The neighborhood is characterized by a diverse mix of good restaurants, cafés, small shops, and select service providers. It has a lively atmosphere, yet remains manageable and practical for everyday life—a location that offers short distances and a high quality of life. Transportation connections are excellent: Rosenthaler Platz, with the U8 subway line as well as several tram and bus routes, is within walking distance and ensures quick access to all of Berlin's districts. Overall, this is a highly sought-after micro-location in Berlin-Mitte that strikes a balanced blend of urban living, a well-functioning infrastructure, and a mature neighborhood environment.

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