Engel & Völkers
Rückfassade

Fully let residential and commercial building near Lake Tegel

€2,750,000
  • ~1,296.1 m² Total surface
  • ~1,091.1 m² Living area
  • ~761 m² Plot surface
  • ~205 m² Rental Surface

Description

The property is a residential and commercial building built around 1900 with a total of 17 flats and two commercial units. The units are spread over four full storeys as well as an attic that was converted in 1996 and are currently fully let. The building ensemble consists of a front building and a side wing, creating a classic old Berlin courtyard character. The property is accessed via a central staircase and presents itself in a well-kept overall condition. Old building details such as the traditional façade design and high ceilings are still present. The attic has already been converted and creates additional living space. Two units are heated separately via a gas-fired central heating system. One of these units also has a gross rental agreement. The other units are heated by an oil-fired central heating system. Each tenant also has their own cellar compartment. Due to the solid construction and the established residential and commercial location in Berlin-Tegel, the property offers attractive conditions for long-term utilisation and value development. The property is not within the scope of a conservation statute. No protected neighborhood Old building details Facade with balconies Oil central heating Energy efficiency class E Sought-after residential area Attic converted Fully rented Average rent for residential: EUR8.15/sqm Average rent for commercial: EUR12.43/sqm 5227
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-5227

Property details
  • Property type

    Investment

  • Total surface

    ~1,296.1 m²

  • Living area

    ~1,091.1 m²

  • Plot surface

    ~761 m²

  • Rental Surface

    ~205 m²

  • Usable surface

    ~1,296.1 m²

  • Target return

    4.99 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Energy source

    Oil heating

Location: Tegel, Berlin

The property is located in the middle of the old town centre of the Berlin district of Tegel, a traditional part of the Reinickendorf district. The neighbourhood is characterised by a quiet residential atmosphere with Wilhelminian-style buildings and a well-developed infrastructure. Along Berliner Strasse - Tegel's central shopping street - you will find a wide range of shops, cafés, restaurants and numerous service providers for everyday needs. Schools, daycare centres, pharmacies and medical facilities are all within walking distance. The nearby Tegeler See lake and the extensive Tegeler Forst forest offer excellent local recreational opportunities. The 'Alt-Tegel' underground station, the 'Tegel' S-Bahn station and various bus routes provide excellent connections to public transport and the centre of Berlin.

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