A very well-maintained residential and commercial building in a quiet cul-de-sac

€1,550,000
  • ~869 m² Total surface
  • ~829 m² Living area
  • ~1,892 m² Plot surface
  • ~40 m² Shop surface

Description

The property is a mixed-use residential and commercial building constructed in 1963, comprising twelve flats and one commercial unit, accessed via two staircases. The property was designed by the current owners' grandfather, who was an architect, and remains in the family's possession to this day. The commercial unit comprises the offices of an electrical firm with an adjoining 40 m² storage cellar. A small extension at the rear, facing the garden, is currently vacant. The spacious plot also features three garages. The property is in a very well-maintained but unpretentious condition, both structurally and visually. Apart from routine maintenance, no major refurbishments have been carried out to date. Around the year 2000, all the stairwell windows were replaced with modern plastic windows. In some of the flats, a number of wooden windows have also been replaced with modern plastic windows. The side façades have already been insulated. The building's water connection is currently being renewed. In 1999, an oil-fired central heating system was installed, to which all units are connected. Hot water is supplied locally via boilers. The bright flats have well-proportioned floor plans typical of the period and all feature a south-east facing balcony. Four flats are currently vacant. The basement is well-maintained and appears to be dry. It also houses a room for tenants' washing machines, as well as unlet rooms that were used as offices and are connected via an internal staircase to the vacant flat on the ground floor. The property is not located in a conservation area. Popular residential area Well-maintained Balconies Oil-fired central heating Energy efficiency rating: E Three garages Spacious plot High vacancy rate Average residential rent: EUR5.68/sqm Average commercial rent: EUR12.75/sqm Not a conservation area O94576
engel & völkers shop image

Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O94576

Property details
  • Property type

    Investment

  • Total surface

    ~869 m²

  • Living area

    ~829 m²

  • Plot surface

    ~1,892 m²

  • Shop surface

    ~40 m²

  • Usable surface

    ~869 m²

  • Target return

    4.57 %

Energy efficiency information
  • Construction year

    1963

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    159.2 kWh/m²a

  • Energy source

    Oil heating

Location: Lichterfelde, Berlin

The Lichterfelde district in Berlin, which forms part of the Steglitz-Zehlendorf borough, is a highly sought-after and popular residential area thanks to its established, traditional community, its abundance of parks and leisure facilities, and its excellent transport links to Berlin city centre. The property is situated north of Hildburghauser Straße. The neighbourhood is characterised by detached houses, small apartment blocks and residential complexes in perimeter block development. Kranoldplatz is just about a kilometre away. In addition to a very popular weekly market, the LIO shopping centre is located here, offering numerous shopping opportunities and restaurants. Public transport links are excellent, with the "Lichterfelde Ost" and "Osdorfer Straße" S-Bahn stations and various bus routes. This means you can reach the "Potsdamer Platz" S-Bahn station in central Berlin in just 17 minutes.

Request all property details

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 . 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 Commercial Berlin stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

  • Receive full property details.

  • Get in touch with an advisor.

  • Confidential - data stays with E&V.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers Commercial Berlin

engel & völkers shop image

Provider:

Privacy policy of content provider

License partner of Engel & Völkers Commercial GmbH

wavy pattern