Engel & Völkers
Durchgang

Fully let residential and commercial building at Tegeler Hafen

€4,000,000
  • ~2,107.45 m² Total surface
  • ~1,682.07 m² Living area
  • ~971 m² Plot surface
  • ~425.38 m² Rental Surface

Description

The property is a residential and commercial building built around 1900 with a total of 24 flats and three commercial units. The units are spread over four full storeys and a converted attic and are currently fully let except for one storage unit. The property is accessed via a central staircase and presents itself in a well-kept overall condition. Old building details such as the classic façade design and high ceilings are present and lend the property its special charm. The attic was converted around 1994 and creates additional living space. The units in the front building are centrally heated by a new gas condensing boiler. With the exception of one unit, the units in the rear building are heated by an older oil-fired central heating system. One of the residential units in the rear building is heated independently via a floor heating system. There is also a lifelong right of residence for one of the units with a very moderate gross rent. There is also a further gross cold rent agreement for another unit. Due to the solid structural condition 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 Gas central heating Sought-after residential area Attic converted Fully rented Average rent for residential properties: 6.84 EUR/sqm Average rent for commercial properties: 13.33 EUR/sqm 142567
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-142567

Property details
  • Property type

    Investment

  • Total surface

    ~2,107.45 m²

  • Living area

    ~1,682.07 m²

  • Plot surface

    ~971 m²

  • Rental Surface

    ~425.38 m²

  • Usable surface

    ~2,107.45 m²

  • Target return

    5.18 %

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 just north of the historic centre of the Berlin district of Tegel, a mature and lively neighbourhood in the Reinickendorf district. The location is characterised by its direct proximity to the lively pedestrian zone and Tegel harbour and offers a wide range of retail, gastronomy and cultural facilities. Lake Tegel and the green spaces of Tegel Forest are just a few minutes' walk away and are ideal for local recreation. There are plenty of schools, daycare centres, pharmacies and medical services in the area. There are excellent public transport connections thanks to the nearby 'Alt-Tegel' and 'Tegel' stations and several bus routes. The city centre can also be reached quickly by car thanks to the nearby motorway feeder road to the A111.

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