Well-maintained residential and commercial building with undeveloped attic

€4,500,000
  • ~1,685 m² Total surface
  • ~1,421 m² Living area
  • ~542 m² Plot surface
  • ~140 m² Office surface
  • Construction year 1900

Description

The mixed-use residential and commercial building is a historic property dating from around 1900. The property comprises two front blocks with three commercial units and 21 flats, accessed via two stairwells. The property is in an exceptionally well-maintained condition. Heating is provided by individual gas-fired radiators. The electrical system is centralised. The property features numerous charming period features such as stucco, wooden floorboards, Art Nouveau tiles, as well as solid timber handrails and flat doors. With a few exceptions, the building has already been fully fitted with plastic-framed double-glazed windows. The attic, measuring around 325 m² and boasting attractive ceiling heights, is currently unfinished and offers potential for development. In the basement, tenants have access to several bicycle storage rooms. The property faces south-east towards the Hofgarten and therefore enjoys excellent natural light. The residential and commercial building is situated in the 'Pankow Süd' conservation area. Conservation area: 'Pankow-Süd' Located on the border with Prenzlauer Berg Quiet street Undeveloped attic (approx. 325 m²) Individual gas heating Energy efficiency class E Centralised electrics Well maintained Fully let Average residential rent: EUR10.20/m² Average office rent: EUR16.92/sqm Average practice rent: EUR9.56/sqm 42601
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-42601

Property details
  • Property type

    Investment

  • Total surface

    ~1,685 m²

  • Living area

    ~1,421 m²

  • Plot surface

    ~542 m²

  • Office surface

    ~140 m²

  • Usable surface

    ~1,685 m²

  • Target return

    4.83 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    127 kWh/m²a

Location: Pankow, Berlin

The Pankow neighbourhood, part of the district of the same name, borders the Prenzlauer Berg neighbourhood to the north. As such, this micro-location also benefits from the numerous restaurants and charming shops in the immediate vicinity. It is a quiet street characterised by charming old buildings and a few modern new developments. Shops for everyday essentials can be found on Schönhauser Allee and in the Schönhauser Allee Arcaden. Mauerpark, the Friedrich-Ludwig-Jahn-Sportpark and Helmholtzplatz offer plenty of opportunities for local recreation. Cultural attractions include the Kultur Brauerei and the Zeiss Großplanetarium. Public transport links are excellent, with various bus and tram services, as well as the 'Schönhauser Allee' S-Bahn and U-Bahn stations and the 'Vinetastraße' U-Bahn station. By car, the A114 motorway can be reached in around 10 minutes via the slip road in Pankow-Heinersdorf.

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