Eingangsbereich mit Stuck

A well-maintained residential and commercial building in the English Quarter, near Schillerpark

€3,200,000
  • ~1,939 m² Total surface
  • ~1,835 m² Living area
  • ~719 m² Plot surface
  • Construction year 1907

Description

The property is a residential and commercial building constructed around 1907, comprising a total of 33 apartments and one commercial unit. The units are distributed across a front building and two side wings, each with five full stories. With the exception of three residential units, the building is currently fully leased. The property is accessed via three stairwells and is in a technically sound and visually well-maintained condition. Original architectural details, such as the historic stair railings and doors, as well as the stucco in the entrance area of the front building, are still intact. Most of the units are heated by gas-fired individual heating systems. In addition, four residential units still have stove heating, and one has electric heating. Some of the apartments feature balconies facing the quiet street. In recent years, parts of the property have been renovated; for example, most of the heating systems were replaced, the gas risers were renewed, some apartments were renovated, and the electrical distribution system was also updated as part of this process. In addition, mold remediation was carried out in parts of the building in 2014. The affected units were subsequently thoroughly renovated. The possibility of converting the attic space has not yet been explored. The well-maintained courtyard, which was redesigned in 2021, features bicycle parking spaces and an area for trash disposal. The property is located within the scope of a preservation ordinance aimed at preserving the neighborhood's character. "Müllerstraße-Nord" conservation area Sought-after residential area Popular flat sizes Some period features present Partially refurbished Some flats have balconies Charming courtyard Gas-fired radiators, as well as four stoves and one electric heater Energy efficiency class G Low vacancy rate Average residential rent: 7.94 EUR/sqm Average commercial rent: 11.77 EUR/sqm 33747
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-33747

Property details
  • Property type

    Investment

  • Total surface

    ~1,939 m²

  • Living area

    ~1,835 m²

  • Plot surface

    ~719 m²

  • Usable surface

    ~1,939 m²

  • Target return

    6.01 %

Energy efficiency information
  • Construction year

    1907

  • Energy efficiency class

    G

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    226.25 kWh/m²a

  • Energy source

    Gas heating

Location: Wedding, Berlin

The property is located in the English Quarter between Schillerpark and Volkspark Rehberge in the Wedding neighborhood, bordering the Reinickendorf district. There are numerous shopping options for daily needs in the immediate vicinity. The "Der Clou Berlin" shopping center on Kurt-Schumacher-Platz is just a few minutes away. There, as well as on Müllerstraße, you'll find a large number of restaurants, bars, and cafés. Public transportation access is provided by the "Rehberge" subway station and several bus lines. The property is also easily accessible by car via Federal Highway B96 and the A100 highway.

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