Well-maintained residential and commercial building in a prime location in the heart of Kreuzberg

€2,200,000
  • ~958 m² Total surface
  • ~849 m² Living area
  • ~324 m² Plot surface
  • ~110 m² Shop surface
  • Construction year 1875

Description

The property is a classic Berlin residential and commercial building dating from 1875, located in the heart of Kreuzberg and notable for its authentic historic character. The twelve apartments feature the charm typical of the era, with hardwood floors and, in some cases, preserved stucco elements. On the street side, two floors are fitted with vinyl double-pane windows, while two additional floors feature classic wooden double-frame windows. One residential unit has a balcony. The building's commercial units are located in the basement and are currently used by a deli and an artist as a studio. The two basement units are not equipped with heating. Over the past few decades, various building services systems have been gradually updated. The fresh water and gas lines were renovated in the 1990s. The sewer lines were presumably renovated in the 1980s. In addition, four apartments have undergone partial repairs over the past 15 years or so as tenants moved out and new ones moved in. The renovations included, in particular, painting and, in some cases, the remodeling of the bathrooms. Overall, the standard of finishes is solid and rather simple. The electricity meters are located inside the apartments. The units are primarily heated by gas-fired individual heating systems; one unit is heated by a night storage heater. A connection to the district heating system available in the immediate vicinity is theoretically possible; however, it is currently contingent upon further conditions and, in particular, the cooperation of adjacent property owners. The energy efficiency rating is D. The roof was last replaced in the 1980s. Furthermore, according to verbal information, the attic could theoretically offer additional potential for expansion. No binding statement is available on this matter; therefore, any potential expansion of the living space must be considered expressly subject to a review of building regulations and technical feasibility, as well as the necessary permits. The property is located in the "Luisenstadt" social preservation area (neighborhood preservation zone). Highly sought-after location "Luisenstadt" protected neighborhood Well-maintained condition Gas-fired individual heating systems Energy efficiency class: D Commercial units in the basement Attic not converted Attractive apartment sizes Average commercial rent: 8.66 EUR/sqm Average residential rent: 7.16 EUR/sqm 9181
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-9181

Property details
  • Property type

    Investment

  • Total surface

    ~958 m²

  • Living area

    ~849 m²

  • Plot surface

    ~324 m²

  • Shop surface

    ~110 m²

  • Usable surface

    ~958 m²

  • Target return

    4.51 %

Energy efficiency information
  • Construction year

    1875

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    126 kWh/m²a

Location: Kreuzberg, Berlin

The property is located in one of Kreuzberg's established and sought-after residential and commercial areas, right in the heart of the vibrant Wrangelkiez neighborhood. The neighborhood epitomizes the combination typical of Kreuzberg—historically developed older buildings, urban life, and a diverse mix of residential, dining, retail, and cultural offerings. The infrastructure is complemented by numerous unique retail, service, and cultural offerings that define the Wrangelkiez's distinctive character. The location also offers attractive opportunities for leisure and local recreation. The Spree River and Görlitzer Park are within easy reach, enriching the inner-city living environment with green spaces, recreational areas, and places to relax. At the same time, the diverse offerings in the Kreuzberg and Friedrichshain neighborhoods are within easy reach. As a result, the location combines Kreuzberg's distinctive neighborhood atmosphere with the advantages of a central Berlin downtown location. Transportation access is excellent. The Schlesisches Tor and Görlitzer Bahnhof subway stations, served by lines U1 and U3, are within walking distance. The Warschauer Straße S-Bahn and U-Bahn station is also easily accessible; with S-Bahn lines S3, S5, S7, and S9, as well as U-Bahn lines U1 and U3, it offers efficient connections to other central areas of the city. Public transportation access is complemented by the surrounding bus and streetcar network, as well as a bicycle infrastructure that is well-suited for everyday inner-city life.

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