Well-maintained residential and commercial building near Humboldthain Park

€2,100,000
  • ~894 m² Total surface
  • ~710 m² Living area
  • ~292 m² Plot surface
  • ~128 m² Shop surface
  • ~55 m² Office surface
  • Construction year 1910

Description

The property is a residential and commercial building constructed around 1910, comprising 13 flats, a retail space and an office, spread across four full storeys in the main building and a side wing. The property is accessed via two well-maintained stairwells and is in good condition, both structurally and aesthetically. Numerous period features, such as high ceilings, stucco elements in the entrance area, as well as original wooden doors and handrails, emphasise the property's historic character. The residential units are heated by gas-fired individual heating systems, which also provide hot water. As part of recent refurbishment work, the façade has been renewed and the original wooden double-frame windows have been gradually replaced with uPVC double-glazed windows. The residential units have generally been refurbished when tenants have moved out and are fitted with sanded wooden floorboards. Furthermore, the residential units feature bay windows or balconies. The top floor of the mixed-use building is currently unfinished. The possibility of converting this space has not yet been assessed. Overall, the property is in a well-maintained condition, both technically and visually, and is not currently situated within the boundaries of a conservation area. Popular residential area Not a protected neighborhood Facade with bay windows/balconies Good condition Historic architectural details Gas-fired individual heating systems Energy efficiency class D Double-hung wooden windows Average residential rent: EUR11.73/sqm Average retail rent: EUR6.63/sqm Average rent for retail space: EUR13.57/sqm O213130
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O213130

Property details
  • Property type

    Investment

  • Total surface

    ~894 m²

  • Living area

    ~710 m²

  • Plot surface

    ~292 m²

  • Shop surface

    ~128 m²

  • Office surface

    ~55 m²

  • Usable surface

    ~894 m²

  • Target return

    5.79 %

Energy efficiency information
  • Construction year

    1910

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    112.6 kWh/m²a

Location: Gesundbrunnen, Berlin

The Gesundbrunnen district of Berlin-Mitte is a highly sought-after and popular residential area due to its central location in reunified Berlin and its wide range of popular leisure activities. The numerous bars, restaurants and cafés can be found in the various trendy neighbourhoods, such as those around Badstraße or Brunnenstraße. Gesundbrunnen boasts well-established residential communities and a wide range of parks, such as the well-known Volkspark Humboldthain with its outdoor swimming pool, thus offering recreational spaces right in the heart of the residential area. Thanks to its central location, public transport links are excellent; the nearest S-Bahn and U-Bahn station, 'Wedding', is 600 metres away.

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