Well-maintained corner house with attic developed in 2021

€13,500,000
  • ~3,775 m² Total surface
  • ~3,187 m² Living area
  • ~1,110 m² Plot surface
  • ~588 m² Rental Surface

Description

The property is an imposing corner building, constructed in 1910, comprising 47 flats and two commercial units spread across six full storeys. The commercial units on the ground floor consist of a shop and a large nursery. Access to the property is via three staircases in the two front buildings and one staircase for the rear side wings. Numerous period features, such as original doors, high ceilings and original wooden floors, are present and lend the property its special charm. The majority of the flats have their own balcony or terrace. The property has undergone extensive renovation and refurbishment in recent years. The flats have been modernised whenever tenants have moved out and are in good condition. Heating is provided by a gas central heating system installed in 2001. Hot water is supplied locally via instantaneous water heaters. The stairwells, with their richly decorated, uniform entrance doors, have been refurbished and fitted with sisal flooring. The top floor was converted and completed in 2021. This created seven modern, high-quality apartments with parquet flooring, fitted kitchens, underfloor heating and air conditioning. From the terraces, there is a magnificent view stretching all the way to Alexanderplatz. Demanded residential area Milieu protection area "Arnimplatz Corner building in south-east orientation Balconies and terraces Gas central heating Seven modern apartments in the attic (2021) Average residential rent: 13.76 EUR/sqm Average commercial rent: 18.44 EUR/sqm 43170
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-43170

Property details
  • Property type

    Investment

  • Total surface

    ~3,775 m²

  • Living area

    ~3,187 m²

  • Plot surface

    ~1,110 m²

  • Rental Surface

    ~588 m²

  • Usable surface

    ~3,775 m²

  • Target return

    4.85 %

Energy efficiency information
  • Construction year

    1910

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    102 kWh/m²a

  • Energy source

    Gas heating

Location: Prenzlauer Berg, Berlin

The property is situated in the 'Arnimplatz' conservation area. The newly redesigned Arnimplatz, with its beautiful green space, forms the heart of the neighbourhood and is a place of relaxation. There is a wide range of shops, restaurants and cultural venues on the nearby Schönhauser Allee. Within a few minutes' walk, you can reach the Schönhauser Allee Arcaden, the Cinemaxx cinema, the Kulturbrauerei, the Falkplatz leisure park and the adjacent Mauerpark with its numerous sports facilities, such as the Max-Schmeling-Halle and the Friedrich-Ludwig-Jahn-Sportpark. Transport links are excellent, both by car and by public transport, via the 'Schönhauser Allee' S-Bahn and U-Bahn stations, the 'Bornholmer Straße' S-Bahn station, as well as bus and tram services.

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