A south-facing block of flats right next to Görlitzer Park

€1,750,000
  • ~957 m² Total surface
  • ~957 m² Living area
  • ~642 m² Plot surface

Description

The property is a block of flats built around 1960, comprising 19 flats spread over six full storeys and a converted attic, all situated in the front building only. The building has a full basement and features a courtyard access road as well as five car parking spaces in the inner courtyard. The property is accessed via a stairwell with a passenger lift and is, on the whole, in a basic state of repair. The fully let residential units are heated by an oil-fired central heating system dating from 1995, whilst hot water is supplied locally via instantaneous water heaters. The floor coverings in the flats consist mainly of laminate, linoleum, carpet or tiles. Some modernisation work has been carried out by the tenants. Various types of windows are fitted, predominantly timber-framed windows. South-facing balconies are available. The bathrooms are simply fitted. Some of the fitted kitchens are owned by the tenants. In recent years, the undersides of the balconies were refurbished (2018/2019). The roof was extended as early as 1990/1991 and, given its age, is in a decent condition. The heating system, parts of the electrical installation and, in particular, the waste water and fresh water pipes (built in 1960, excluding the attic) are in need of replacement in the short to medium term. New letterboxes have recently been installed. The cellar appears to be in a well-maintained condition. The property falls within the scope of a conservation order, the 'Luisenstadt' conservation area. 'Luisenstadt' conservation area Highly sought-after residential area near Görlitzer Park Balconies available Passenger lift Converted top floor Parking spaces Oil-fired central heating Energy efficiency class E Fully let Average rent for residential units: 7.11 EUR/sqm 2250
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-2250

Property details
  • Property type

    Investment

  • Parking spaces

    5

  • Total surface

    ~957 m²

  • Living area

    ~957 m²

  • Plot surface

    ~642 m²

  • Usable surface

    ~957 m²

  • Target return

    4.93 %

Energy efficiency information
  • Construction year

    1960

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    135.7 kWh/m²a

  • Energy source

    Oil heating

Location: Kreuzberg, Berlin

The street is situated in a quiet part of Berlin's trendy Wrangelkiez neighbourhood in the Kreuzberg district. Located not far from the River Spree and the Landwehr Canal, the cultural diversity of its residents ensures a rich and varied selection of bars, restaurants, cafés and internationally renowned clubs that attract both Berliners and tourists alike. At the heart of the neighbourhood lies the adjacent Görlitzer Park, renowned far beyond the city limits, with its beautiful green spaces that invite you to linger. Shops for everyday needs are within easy reach. Transport links are excellent, whether by car or on public transport.

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