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Aufzug

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
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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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