Engel & Völkers
Eingangsbereich

Multi-family house with high vacancy rate in sought-after location in Lichterfelde West

€1,100,000
  • ~567 m² Total surface
  • ~567 m² Living area
  • ~1,222 m² Plot surface

Description

The property is a classic apartment building dating from around 1890 with a total of five residential units. The units are spread across a front building with two full floors and a partially converted attic, as well as a two-story side wing at the rear of the property. Three apartments in the front building and the side wing, which constitutes one residential unit, will be handed over vacant. The property has a full basement. The residential units have balconies, terraces, or access to the garden. The building has a full basement. The spacious property, measuring approximately 1,220 m², faces south. There are along the western property line. Additional parking spaces for bicycles and cars are available. The property has a high vacancy rate, which opens up numerous possibilities for use and allows for flexible development. The building is in need of renovation. Original old building style elements are still partially present in the residential units and underline the old building character of the property. Heating is provided by oil-fired central heating and additionally installed gas boilers. The property is not located in a protected area, but within the scope of a conservation area designed to preserve the unique character of the urban landscape. Preservation area with unique urban character, not listed as a historic building Sought-after residential area In need of renovation Classic apartment building from 1890 Some original architectural features still present 86% vacancy rate Attic partially converted Oil central heating and gas water heaters Average residential rent: EUR6.89/sqm O6428
engel & völkers shop image

Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O6428

Property details
  • Property type

    Investment

  • Total surface

    ~567 m²

  • Living area

    ~567 m²

  • Plot surface

    ~1,222 m²

  • Usable surface

    ~567 m²

  • Target return

    5.11 %

Energy efficiency information
  • Construction year

    1890

  • Energy certificate available

    No

Location: Lichterfelde, Berlin

The property is located on a quiet residential street lined with apartment buildings and townhouses. Shops for everyday needs are within walking distance on Drakestraße. For items beyond everyday needs, the Schloßstraße shopping district is just a few minutes away by car. The famous Botanical Garden is also nearby, inviting visitors to linger. Transport links are excellent for private transport thanks to the optimal proximity to the A100 city highway. Local public transport (bus, subway, suburban railway) is within walking distance.

Contact the provider

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by Engel & Völkers Gewerbe Berlin GmbH & Co. KG. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data Engel & Völkers Gewerbe Berlin GmbH & Co. KG stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers Commercial Berlin

engel & völkers shop image

Provider:

Engel & Völkers Gewerbe Berlin GmbH & Co. KG

Privacy policy of content provider

License partner of Engel & Völkers Commercial GmbH

wavy pattern