Fully leased residential and commercial building in Friedenau
Price
€6,300,000
Fully leased residential and commercial building in Friedenau
€6,300,000
~2,748.26 m² Total surface
~2,251.26 m² Living area
~1,114 m² Plot surface
~47 m² Office surface
~450 m² Rental Surface
Description
The five-story residential and commercial building was constructed at the beginning of the 20th century as a striking corner building with a side wing on each side and a garden house connecting them. The 29 residential units and five commercial units are accessed via three separate stairwells. The commercial units comprise a corner café, a physiotherapy practice, a gym, a sailing school, and a construction company. The units are mainly heated by gas floor heating systems. In addition, one apartment is heated by stove heating and three apartments by night storage heaters. Fernwärme Berlin has provided an assessment of the property, according to which connection to the existing district heating network is straightforward and can be implemented in the 2026/27 heating period according to current plans. The apartments feature typical old building details, including parquet and plank flooring and some preserved stucco elements. The windows in the units have already been completely replaced with plastic insulated glass windows. Overall, the technical condition can be classified as simple and at the same time offers potential for contemporary modernization. The property is not subject to any preservation or environmental protection regulations.
Corner building
Sought-after residential area
Heating mix of gas floor and night storage heaters and a stove
Energy efficiency class D
Offer for a district heating connection is available
Plastic insulated glass windows
Attic appears to be expandable
Average residential rent: EUR8.83/sqm
Average commercial rent: EUR12.91/sqm
44648
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-44648
Property details
Property type
Investment
Total surface
~2,748.26 m²
Living area
~2,251.26 m²
Plot surface
~1,114 m²
Office surface
~47 m²
Rental Surface
~450 m²
Usable surface
~2,748.26 m²
Target return
5.03 %
Energy efficiency information
Construction year
1909
Energy efficiency class
D
Energy certificate available
Yes
Energy certificate type
Demand certificate
Final energy demand
118 kWh/m²a
Energy source
Gas heating
Location: Friedenau, Berlin
The residential and commercial building is located in the beautiful and sought-after district of Friedenau. The nearby main street offers shops for everyday needs. The shopping mile in Schloßstraße, which boasts excellent and diverse shopping opportunities, is also just a few minutes away. There are excellent public transport connections with several bus lines as well as underground and suburban rail (Bundesplatz). The nearby Volkspark Wilmersdorf is ideal for relaxation and recreation.