Residential and commercial building in a central location in Neukölln

The property is a residential and commercial building constructed around 1900, comprising a total of 24 units – 19 flats and five commercial units – spread over five full storeys. The top floor has already been converted, although this was carried out without planning permission – an apartment measuring approximately 64 m² is currently let, but is not included in the floor area breakdown or the rental income figures. Access to the building is via three stairwells. There is also a disused goods lift. On the 4th floor is a unit formerly occupied by the owner, which measures approximately 208 m² and will be handed over vacant. The sizes of the flats vary between approximately 34 m² and 140 m²; one residential unit has a floor area of approximately 200 m². Heating is provided by an oil-fired central heating system, whilst hot water is supplied locally via instantaneous water heaters. The structural condition of the property ranges from basic to requiring partial refurbishment. There is substantial potential for development, particularly in terms of energy efficiency upgrades. The property is situated within the 'Schillerpromenade' conservation area. Central location in Neukölln Excellent transport connections Protected neighborhood Low Vacancy Some loggias Oil-fired central heating Energy efficiency class E Average residential rent: EUR7.10/sqm Average commercial rent: EUR7.50/sqm 153043