Residential and commercial building in Prenzlauer Berg near Volkspark Friedrichshain

€3,900,000
  • ~1,701 m² Total surface
  • ~1,565 m² Living area
  • ~476 m² Plot surface
  • ~136 m² Rental Surface

Description

The property is a residential and commercial building built around 1900 with 20 apartments and one commercial unit, which is currently let to a bar. The units are spread over five full floors and a converted attic in two front buildings. The property is accessed via two well-kept stairwells and presents itself in a well-kept condition, both technically and visually. There are some old building details, such as old doors and high ceilings. The residential units are supplied with heat by a gas central heating system, the hot water supply is decentralized via instantaneous water heaters. Plastic insulated glass windows are predominantly installed throughout the property. The last comprehensive refurbishment took place in 2006, in the course of which all riser and electrical lines in the property were renewed, and the attic was also extended that year. A new heating system was installed in 2022. All apartments are in a well-kept condition and have been successively renovated in the course of tenant changes. Some have parquet or laminate flooring, white-tiled bathrooms and some have fitted kitchens. The property is located within the scope of a conservation statute, the "Danziger Straße Ost" milieu protection area. "Danziger Straße Ost" neighborhood conservation area Residential area in demand Good condition Corner building Attic converted Gas central heating Average rent residential: 8.78 EUR/m² Average commercial rent: EUR 18.50/m² 48609
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-48609

Property details
  • Property type

    Investment

  • Total surface

    ~1,701 m²

  • Living area

    ~1,565 m²

  • Plot surface

    ~476 m²

  • Rental Surface

    ~136 m²

  • Usable surface

    ~1,701 m²

  • Target return

    5.07 %

Energy efficiency information
  • Construction year

    1900

  • Energy efficiency class

    E

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    145.1 kWh/m²a

  • Heating consumption

    145 kWh/m²a

Location: Prenzlauer Berg, Berlin

The property is located in the popular Prenzlauer Berg district. There are numerous sports facilities in the immediate vicinity, such as the SSE swimming and diving center, a tennis court and the Velodrom. There are plenty of shops for daily needs and restaurants within walking distance. Transport links are very good, both by public transport (Landsberger Allee S-Bahn station, various streetcar lines) and by car. The nearby Volkspark Friedrichshain offers a variety of local recreational opportunities with an open-air cinema and a sunbathing lawn.

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