Split residential and commercial building in a popular central location
€13,000,000
- ~3,334 m² Total surface
- ~1,623 m² Living area
- ~1,509 m² Plot surface
- ~403 m² Shop surface
- ~1,189 m² Office surface
Description
The residential and commercial building was constructed in 1901; it consists of 25 apartments and eight commercial units and is divided into a front building, a left side wing, a cross wing, and another former factory cross wing adjacent to the second courtyard. The front building extends over four full stories. The side wing and the cross buildings each have five full stories, with the rear cross building featuring a freight elevator that is currently out of service. The most recent major renovation work on the front building, the side wing, and the first cross building took place in 1997 and included the renovation of the bathrooms, the centralization of the electrical system, the installation of piping, and the installation of a central gas heating system. Hot water is supplied decentrally via instantaneous water heaters. A new heating station, for which a contract has already been awarded, will be installed in the spring of 2026. The property was divided into individual units under the Condominium Act (WEG) in 2019, and there are 18 preemptive rights. The property is currently located within an urban preservation area.
Samariterviertel conservation area
Sought-after residential area
Well-maintained overall condition
Gas central heating
Energy efficiency class F
Divided according to WEG (German Condominium Act)
18 preemptive rights
Attic not converted
Almost fully let
Commercial/factory building at the rear
Average residential rent: EUR9.16/sqm
Average commercial rent: EUR11.24/sqm
140881
Engel & Völkers Commercial Berlin
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-140881
Property details
- Property type
Investment
- Parking spaces
4
- Total surface
~3,334 m²
- Living area
~1,623 m²
- Plot surface
~1,509 m²
- Shop surface
~403 m²
- Office surface
~1,189 m²
- Usable surface
~3,334 m²
- Target return
3.33 %
Energy efficiency information
- Construction year
1880
- Energy efficiency class
F
- Energy certificate available
Yes
- Energy certificate type
Energy Consumption Certificate
- Final Energy Consumption
167.1 kWh/m²a
Location: Mitte, Berlin
The property is located in the popular Mitte district. The highly sought-after Arkonaplatz and Veteranenstraße are right next door. The area is undergoing rapid development. Nearly all properties there have been or are being modernized and re-leased. Transportation access is excellent, both by car and by public transit. The "Bernauer Straße" subway station (U8) is right next to the property. Shops for daily necessities are available in the surrounding area. The Mitte district offers a diverse range of shopping options, cultural institutions, restaurants, and cafés all within walking distance.
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