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Split residential and commercial building with roof conversion permit and high vacancy rate

Investment / Residential investment, Buy | Germany, Berlin, BERLIN, Charlottenburg
Asking price-Icon
12,300,000 EUR
Approx. 12,886,390 USD
Asking price
Total Surface Area-Icon
21,685.84 sqft
Total Surface Area
Lot Size-Icon
9,117.03 sqft
Lot Size
Asking price-Icon
12,300,000 EUR
Approx. 12,886,390 USD
Asking price

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What you should know about this property


Amenities and special features of this property

The stuccoed old building, reached approx. 1900, consists of a front house, a left side wing and a garden house with a small garden area behind it. The large courtyard is bright and illuminates the flats facing the courtyard. There are many old building details in the property, partly also historic stucco ceilings. The property consists of mainly small units, no larger than 124 sqm. The majority of the flats are between 35 and 60 sqm in size. Many of the existing flats have typical old building details, such as stucco ceilings, high rooms, parquet flooring and floorboards. The owners have been able to generate an almost complete vacancy rate in recent years. Accordingly, it is now possible to carry out the necessary comprehensive refurbishment of the entire property. The property, which is divided according to the land register, is sold with a valid building permit (BG with green stamp), furthermore there is an existing static calculation and a fire protection report. All documents can be made available to prospective buyers after submitting a purchase offer. The building permit provides for the construction of four new attic flats between 80 and 120 sqm. The implementation provides for the demolition of the previous roof truss of the front house, side wing and garden house and allows for a completely new construction. This also includes the demolition of the street-side jetty, a lowering of the eaves height as well as new street-side pitched roofs in the front building and an elevation of the courtyard-side façade in favour of sufficient room height for the new attic flats to be built in the front building. The roof truss of the left side wing and the garden house can also be rebuilt by raising the façade in favour of an appealing room height. In the design of the front building, the side wing and the garden house, attention is paid to a mirror-image similar geometry. Attractive roof terraces may be built on the flat roofs, which are individually accessible through interior staircases in the flats. The garden house requires a safety stairwell with a smoke flushing system due to fire protection. The building permit also allows balconies on the courtyard side as well as two exterior glass lifts. Overall, the present planning is very contemporary and appealing. The building permit is available and can be sent on request. Due to this property with its completed division according to land register law in the middle of a milieu protection area and the existing building permit, it is to be valued as a true rarity in the current market.

Karl-August-Platz, a protected district
Sought-after central City-West location
Unobstructable southern exposure with far-reaching views
Predominantly small units
Completely vacant except for five flats
Valid building permit incl. statics and fire protection
Permission for the addition of two lifts
Permission for roof terraces
Property divided according to land register law
Asset deal or share deal possible
Average rent residential: 4.61 EUR/sqm



28792


Charlottenburg: Location and surroundings of this property

The property is located in one of the central residential and commercial streets in the old West Berlin district of Charlottenburg. Charlottenburg forms the most important part of City West with the shopping streets Kurfürstendamm and Tauentzienstraße. In addition to leading retail shops, there are also a number of appealing pubs and cafés here. Only 100 metres away is Wilmersdorfer Strasse, a pedestrian zone with around 75,000 square metres of retail space that is one of the most popular shopping streets in Berlin. This applies in particular to the area on both sides of Kantstraße. The transport links are very good, both by car and by public transport - S-Bahn, U-Bahn and bus connections. The central location with good public transport connections also makes the location attractive for residential tenants.


Contact your personal advisor
Engel & Völkers Commercial Berlin
  • Engel & Völkers Gewerbe Berlin GmbH & Co. KG
  • License partner of Engel & Völkers Commercial GmbH
  • Team Residential and Commercial
  • Joachimsthaler Straße 1
  • 10623 Berlin · Germany
  • Phone: +49 30 20346 0
E-Mail
Imprint
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Imprint
Engel & Völkers Gewerbe Berlin GmbH & Co. KG
Lizenzpartner der Engel & Völkers Commercial GmbH
Joachimsthaler Straße 1
10623 Berlin
Telefon: +49 30 20346-0
Telefax: +49 30 20346-1346

Geschäftsführer:
Nicolas Jeissing, Dipl.-Kfm. Rackham F. Schröder

Zuständige Aufsichtsbehörde für die Tätigkeit nach § 34 c GewO:
Bezirksamt Friedrichshain-Kreuzberg von Berlin, Frankfurter Allee 35 - 37, 10247 Berlin
Genehmigung erteilt durch das Bezirksamt Friedrichshain-Kreuzberg am 16.02.2004

Handelsregister:
Amtsgericht Charlottenburg

Handelsregisternummer:
HRA 38348 B | Berlin

Umsatzsteueridentifikationsnummer:
DE 233 984 155

Steuernummer:
37/093/45180

Verbraucherinformation zur alternativen Streitschlichtung (Art 14 (1) ODR-VO und § 36 VSBG):
Die Internetplattform der Europäischen Union zur Online-Streitbeilegung (sog. "OS-Plattform") für Verbraucher ist unter dem folgenden Link erreichbar:
http://ec.europa.eu/consumers/odr/
Wir nehmen nicht an Streitbeilegungsverfahren vor einer Verbraucherschlichtungsstelle im Sinne des VSBG teil.

https://www.engelvoelkers.com/berlincommercial/impressum/

Energy Information


Commission Details

The brokerage fee of 7.14 % on the purchase price including VAT is payable by the buyer.


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