Listed former community center with vacancy in central Steglitz location

€2,000,000
  • ~877 m² Total surface
  • ~255 m² Living area
  • ~1,569 m² Plot surface
  • ~623 m² Office surface

Description

Built around 1907, the property was originally constructed as a parish hall for the Protestant parish and is a listed building. After being used, amongst other things, as a school, it was converted into a cultural and leisure centre in the early 1970s. The outdoor dining area is used for catering purposes. The tenancy agreement runs until the end of 2027 and does not require separate notice of termination thereafter. The premises on the first floor of the building were most recently used as a nursery and are currently vacant. Certain areas and rooms on the ground floor and first floor are for communal use and are designated as such in the respective tenancy agreements. The front part of the building is heated by an oil-fired central heating system with a decentralised hot-water supply. The very spacious attic has not been converted and, subject to the requirements of the listed building regulations, may offer additional space potential. The rear building comprises three residential units, of which the one in the attic is currently vacant and in a state requiring refurbishment. The let residential units are heated by individual gas-fired heating systems. Overall, the property is in a condition ranging from technically straightforward to requiring refurbishment; however, it offers an acquirer interesting potential uses due to the vacant spaces in its central and quiet location in Steglitz. Furthermore, the attractive architecture – with its clinker-brick façade, spacious and expansive rooms, and stylistic features such as wrought-iron banisters and terrazzo floors – represents a visual highlight for connoisseurs. Construction is currently underway on the neighbouring plot, and the courtyard is expected to be used for site access until the end of May 2026. The property is situated within the 'Mittelstraße' conservation area. Conservation area: "Mittelstraße" Architectural monument Attractive architecture and old-style elements Good, central residential location Oil central heating and gas heating in each apartment Attic not converted 8 parking spaces Average net rent for residential units 2,71 EUR/sqm Average net rent for commercial units 11,99 EUR/sqm 161708
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-161708

Property details
  • Property type

    Investment

  • Parking spaces

    8

  • Total surface

    ~877 m²

  • Living area

    ~255 m²

  • Plot surface

    ~1,569 m²

  • Office surface

    ~623 m²

  • Usable surface

    ~877 m²

  • Target return

    4.62 %

Energy efficiency information
  • Construction year

    1907

  • Energy certificate available

    No

Location: Steglitz, Berlin

The property is located in a central and established location of the Berlin district of Steglitz. The heart of the neighborhood and at the same time a place of recreation is the nearby Steglitzer Stadtpark with its beautiful and extensive green space. The property is located in a residential street with greenery and old trees and a predominantly open development of renovated apartment buildings. Shopping facilities and cafés are often within walking distance. In addition, Schloßstraße, Berlin's second largest shopping street, with numerous shopping centers, is only a few minutes' walk from the property. A high school and several daycare centers are located in the immediate vicinity. The connection to the public transport network is optimally guaranteed by various bus lines running in the immediate vicinity as well as by the S-Bahn and U-Bahn station "Rathaus Steglitz". By car, it takes about three minutes to reach the nearby city highway exit "Abzweig Zehlendorf".

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