Stucco façades on an old building in the Stephankiez neighbourhood (energy efficiency class C)

€5,300,000
  • ~2,668 m² Total surface
  • ~2,505 m² Living area
  • ~788 m² Plot surface
  • ~164 m² Shop surface
  • Construction year 1900

Description

The fully let property is a residential and commercial building, constructed around 1900, comprising 40 flats and two commercial units. These are spread over six full storeys in the main building, the side wing and the transverse building, as well as the converted attic. The positive first impression made by the stately stucco façade continues upon entering the well-maintained entrance area. Access to the flats is via three very well-maintained stairwells. The front building still features the historic wooden double-frame windows, whilst the side wing and the transverse building have new uPVC double-glazed windows fitted. The property underwent a complete refurbishment in 1995, during which the electrical and riser pipework, the stairwells and the façade were completely renewed, and all flats were refurbished. As part of this, the attic was also converted. Heating is now provided by district heating, which has reduced energy consumption to 80 kWh/m² and given the property an energy efficiency rating of 'C'. Since then, further maintenance work on the flats has been carried out gradually whenever tenants have moved out. The property is in good 1990s condition, both technically and visually, and stands out thanks to its sought-after and rapidly developing residential location in the heart of the 'Stephankiez'. The property falls within the scope of a conservation order, the 'Birkenstraße' conservation area. 'Birkenstraße' heritage conservation area Numerous period features A rapidly up-and-coming residential area District heating with energy efficiency class 'C' In good condition Converted attic Fully let Average residential rent: EUR9.40/m² Average commercial rent: EUR7.70/m² 39762
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-39762

Property details
  • Property type

    Investment

  • Total surface

    ~2,668 m²

  • Living area

    ~2,505 m²

  • Plot surface

    ~788 m²

  • Shop surface

    ~164 m²

  • Usable surface

    ~2,668 m²

  • Target return

    5.61 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    80.5 kWh/m²a

  • Energy source

    Long-distance heating

Location: Moabit, Berlin

The property is situated in Moabit's most popular neighbourhood. There are plenty of shops, restaurants and cafés within walking distance at the 'MOA Berlin' shopping centre and elsewhere in the neighbourhood. The nearby Fritz-Schloss-Park is ideal for a stroll and offers a range of leisure activities. Connections to the public transport network are excellent, with various bus routes running in the immediate vicinity, as well as the 'Birkenstraße' underground station and the 'Westhafen' S-Bahn and underground station. The nearby 'Seestraße' motorway junction is just a five-minute drive away.

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