Residential and commercial building with the charm of an old building
€4,000,000
~2,107 m² Total surface
~1,153 m² Living area
~910 m² Plot surface
Construction year 1902
Description
The property is a mixed-use residential and commercial building dating from the turn of the century (c. 1902). The building comprises a total of 18 residential units, a studio with a workshop in the second courtyard, and an orthodontic practice covering approximately 874 m², which has been based in the building since 1972. Some of the flats feature parquet and plank flooring as well as stucco features, which emphasise the charm of a classic old Berlin building. The property comprises a front block, a side wing, a transverse building and a further side wing. It extends over five full storeys and is accessed via three very well-maintained stairwells. The flats are heated via both simple gas radiators and gas combi boilers. The commercial area is supplied by a gas central heating system. In recent years, continuous investment has been made in the building's structure. The top floor ceiling has been insulated and the roof has not been converted. All 18 residential units are currently fully let, with the exception of one flat used by the landlord for administrative purposes, and the condition of the flats and the technical infrastructure is generally good. The property is situated within the scope of a conservation order, the 'Humboldthain Nord-West' heritage conservation area.
'Humboldthain North-West' conservation area
Sought-after residential and commercial location
Historic façade
Charming period features
Balconies facing Schönwalder Straße
Unconverted loft
Gas combi boilers
Average residential rent: EUR6.35/m²
Average commercial rent: 7.94 EUR/m²
14899
Your advisor: Team Investment Residential and Commercial
Property ID: OI-BER-14899
Property details
Property type
Investment
Total surface
~2,107 m²
Living area
~1,153 m²
Plot surface
~910 m²
Usable surface
~2,107 m²
Target return
4.52 %
Energy efficiency information
Construction year
1902
Energy efficiency class
D
Energy certificate available
Yes
Energy certificate type
Energy Consumption Certificate
Final Energy Consumption
111.8 kWh/m²a
Location: Gesundbrunnen, Berlin
The street is a side street between Reinickendorfer Straße (B96) and Gerichtstraße, right in the heart of Wedding, around which a charming neighbourhood has developed in recent years. The location is particularly characterised by its good infrastructure. The Panke river, with its surrounding green spaces, and Humboldthain park offer opportunities for relaxation. The main shopping streets – Müllerstraße, the area around Leopoldplatz and Reinickendorfer Straße, with their wide range of shopping options – are just a short walk away. Shops for everyday needs and several hotels are located in the immediate neighbourhood. Beuth University of Applied Sciences, Virchow Hospital, the Robert Koch Institute, as well as numerous schools and nurseries are all in the immediate vicinity. In addition, a new Life Science Campus is being developed on the Bayer AG site, which is within walking distance; this further enhances the location and cements its status as a centre for science. Transport links, both by car and by public transport, are excellent. Wedding S-Bahn and U-Bahn stations are a five-minute walk away, and Humboldthain S-Bahn station can be reached in around eight minutes.
Nearby properties
These homes might interest you
Kreuzberg, Berlin, Germany
A prestigious residential and commercial building in the sought-after Wrangelkiez neighbourhood, featuring a penthouse loft flat ready to move into