Engel & Völkers
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Residential and commercial building with high vacancy rate and potential for redevelopment

€2,350,000
  • ~850 m² Total surface
  • ~420 m² Living area
  • ~1,396 m² Plot surface
  • ~95 m² Office surface
  • ~335 m² Rental Surface

Description

This well-maintained, thoroughly representative old building consists of a three-story, detached front building with a total of ten units, four of which were used commercially and six for residential purposes. The attic is not developed. The general building fabric is well-maintained and regular repairs and renovations have been carried out. Next to the main building is a driveway to the landscaped courtyard, which is built with a spacious coach house with outbuilding and was previously also used commercially. All units are each heated with gas floor heating systems. The property can be handed over mostly empty. Currently only four residential units and one commercially used unit with a total of approx. 95 sqm are rented. The property is excellently suited for further development for a conversion and, if necessary, expansion as well as for owner-occupancy. Except for one unit, the property can be handed over empty. Development potential Vacant handover possible except for one unit Green inner courtyard Remise with outbuilding High vacancy rate Average residential rent: EUR 7.91/sqm Average office rent: EUR 7.32/sqm 15345
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-15345

Property details
  • Property type

    Investment

  • Parking spaces

    1

  • Total surface

    ~850 m²

  • Living area

    ~420 m²

  • Plot surface

    ~1,396 m²

  • Office surface

    ~95 m²

  • Rental Surface

    ~335 m²

  • Usable surface

    ~850 m²

  • Target return

    4.84 %

Energy efficiency information
  • Construction year

    1903

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    195.8 kWh/m²a

Location: Lichterfelde, Berlin

The district of Lichterfelde is a highly sought-after and popular residential area due to its well-established middle-class structures, its high availability of park and forest areas and its good transport links to the city of Berlin. The micro-location is largely characterized by distinctly charming Gründerzeit town villas. Shopping facilities for everyday products are available on Hindenburgdamm, which is within walking distance, and in the shopping mile "Schloßstraße", which is about five kilometers away. There are also numerous gastronomic offers in the immediate vicinity. The traffic connection for the individual traffic is very well guaranteed by the proximity to the city freeway A100. The connection to the public transport is optimal via the S-Bahn station "Lichterfelde-West" and "Botanischer Garten" as well as various bus lines.

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