Engel & Völkers
Eingangsbereich

Very well-maintained residential and commercial building near the White Lake with preliminary building approval for redensification

€4,000,000
  • ~1,418 m² Total surface
  • ~586 m² Living area
  • ~1,932 m² Plot surface
  • ~1,132 m² Office surface

Description

The property is a residential and commercial building constructed in approximately 1988 with a total of six residential units and six commercial units spread over four full floors, an attic, and a commercial hall in the inner courtyard. The commercial units are currently used by two law firms, a tax consultancy, and a warehouse rental company. In addition to the commercial hall, the property has numerous parking spaces that can be used free of charge and a total of eight garages. An office unit of approximately 300 m² on the 2nd floor is currently available for re-letting. The residential and commercial units are accessed separately via two well-maintained stairwells. Heating is provided by a gas central heating system with a condensing boiler, which was replaced in 2021. The office units are mainly fitted with stone and carpeted floors. Most of the apartments have laminate flooring and some are equipped with fitted kitchens. The property has been continuously maintained. In this context, the cable runs and electrical installations have been partially renewed. The apartments have been renovated when tenants have moved out. There are currently tenant compartments in the attic. There is a plan to construct an additional building section with a net floor space of approx. 1,389 m² at the rear of the property, which will provide six additional residential units. A preliminary building permit has already been obtained. The planned detached building is to be constructed on the site where the commercial hall and garages are currently located – these would have to be vacated and demolished before construction could begin. The area of the warehouse is not included in the total usable area. The property is not subject to any preservation regulations. Sought-after residential area not far from the White Lake No environmental protection Condition well maintained Garages Car parking spaces Gas central heating Energy efficiency class E Commercial hall on the property Low vacancy rate Average rent for residential units: 7.36 EUR/sqm Average rent for commercial units: 10.45 EUR/sqm O154963
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-O154963

Property details
  • Property type

    Investment

  • Total surface

    ~1,418 m²

  • Living area

    ~586 m²

  • Plot surface

    ~1,932 m²

  • Office surface

    ~1,132 m²

  • Usable surface

    ~1,418 m²

  • Target return

    4.92 %

Energy efficiency information
  • Construction year

    1988

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

Location: Weissensee, Berlin

The property is located in the northeastern Berlin district of Weißensee, in a central and quiet location that is mainly residential. The micro-location has retained its quiet, almost small-town character. Weißensee has been enjoying steadily growing popularity for several years. Numerous parks, such as the one with the Weißen See lake in the immediate vicinity, offer residents excellent leisure opportunities. The historic town center at Pistoriusplatz, the numerous shopping opportunities at Antonplatz and along Berliner Straße, and the excellent medical care provided by the Park-Klinik Weißensee are further examples of the outstanding infrastructure. Bus and tram connections are also very good.

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