Residential and commercial building in a sought-after location within Wilhelmstadt
€2,875,000
- ~1,348 m² Total surface
- ~1,170 m² Living area
- ~396 m² Plot surface
- ~41 m² Storage surface
- ~178 m² Shop surface
Description
The property is a mixed-use residential and commercial building constructed around 1992, comprising 15 residential units and three commercial units, as well as three car garages on the ground floor. The property, which has a full basement, is fully let and comprises five full storeys and a converted attic. Access is via a staircase including a passenger lift. Heating, including hot water, is provided by a gas-fired central heating system. The well-designed, modern flats all feature a balcony or terrace. The property is in a well-maintained condition and exemplifies the typical architectural style of functionalist buildings from the 1990s. The property lies within the scope of a conservation order, the 'Wilhelmstadt' conservation area, and the formally designated 'Wilhelmstadt' regeneration area (simplified procedure).
Neighbourhood conservation and regeneration area (simplified procedure)
Convenient location
Well-maintained
Fully let
Gas central heating
Balconies and terraces
Energy rating: F
Lift
Average residential rent: EUR8.11/m²
Average commercial rent: EUR16.79/m²
119991
Engel & Völkers Commercial Berlin
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-119991
Property details
- Property type
Investment
- Total surface
~1,348 m²
- Living area
~1,170 m²
- Plot surface
~396 m²
- Shop surface
~178 m²
- Storage surface
~41 m²
- Usable surface
~1,348 m²
- Target return
5.34 %
Energy efficiency information
- Construction year
1992
- Energy efficiency class
F
- Energy certificate available
Yes
- Energy certificate type
Energy Consumption Certificate
- Final Energy Consumption
173.7 kWh/m²a
Location: Mitte, Berlin
The property is situated in an up-and-coming residential area in the Wilhelmstadt district, within the conservation and regeneration area of the same name. The heart of the neighbourhood—and a place of relaxation—is formed by the nearby Grimnitzpark, Lake Grimnitz (which flows into the River Havel), and Südpark, which also features a small lake. The residential environment is characterised by a large number of predominantly renovated old buildings, including many prestigious townhouses. Shopping facilities, restaurants, cafés and cultural venues are plentiful on Pichelsdorfer Straße and Adamstraße. A wide variety of schools, nurseries and sports facilities are located in the immediate vicinity. Connections to the public transport network are excellent, with various bus routes operating in the immediate vicinity. The nearest long-distance train station is Spandau station, which can be reached in around ten minutes by public transport. By car, the "Kaiserdamm" motorway junction can be reached in approximately 15 minutes.
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