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Engel & Völkers Commercial Berlin

+49 30 20346 0

OI-BER-29786 – This is the Engel & Völkers property ID, your agent might ask for it.

Team Investement Residential and Commercial

Licence partner of Engel & Völkers Commercial GmbH

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Engel & Völkers ID : OI-BER-29786
Kreuzberg, Berlin, Germany

Apartment building with converted attic and vacancy in the sought-after Bergmann neighborhood

Price
€4,200,000

Plot surface552 m²

Financing option

Amenities and special features of this investment

The south-west facing apartment building was built around 1905 as a front building with a left wing. There are 25 residential units spread over four floors, which are accessed via two separate staircases. The apartment sizes are mainly between approx. 40 and 70 sqm, five units are between approx. 100 and max. 108 sqm in size and are particularly suitable for the tenant clientele that is typically looking for apartments in this location. The top floor was already converted in the late 1990s, partially as maisonette units, two of which were recently renovated and are partially vacant. There is a large courtyard at the rear of the property, which is used by the tenants to park their bicycles. There are two garages, both of which are rented out, in the rear part of the east-facing, well-lit courtyard. Two residential units are let with gross cold leases and one residential unit with a gross warm lease. The property has gas central heating, which was installed in 1996. Three apartments are equipped with gas floor heating and one is heated by a stove. Extensive renovations were carried out from 2000 onwards, including risers and sewage pipes. The front façade, the entrance and all windows were renovated in 2016. Some storey ceilings were also insulated. The residential units were successively renovated as required. The courtyard and the building have a basement. The house has numerous charming old building details such as high ceilings, wooden floorboards, tiled bathrooms and kitchens, stucco decorations as well as old windows and doors and is in good condition. There are no signs of any major investment requirements in the coming years. The property is located in the milieu protection area. Redevelopment in 2011 "Bergmannstraße Nord" neighborhood protection area Top floor converted Gas central heating Many charming old building details Average residential rent: 8.65 EUR/m² 29786
Property typeInvestment

Living area

1,644 m²

Total surface

1,644 m²

Plot surface

552 m²

Construction year

1905
Energy efficiency class
energy class icon
D
A+
A
B
C
D
E
F
G
H

Energy certificate available

Yes

Energy Certificate Type

Energy Consumption Certifiate

Kreuzberg: Location and surroundings of this property

The street runs parallel to Gneisenaustraße and is a traffic-calmed, leafy residential street. In the immediate vicinity you will find a variety of shopping facilities. Within walking distance is the well-known and very lively Bergmannstraße, named after the landowning Bergmann family - the "Ku'damm Kreuzberg". In the past, the street was dominated by second-hand stores, but today the trendy Bergmannstraße has developed into a real promenade with numerous trendy cafés, restaurants and small stores, where every year a jazz street festival takes place that is well-known in Berlin. Also within walking distance are the charming Marheinekeplatz with its traditional market hall, as well as the Viktoriapark, in the center of which is Kreuzberg. Transport links by car and public transport, such as subway and bus lines, are very good.

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Engel & Völkers
Commercial Berlin

Joachimsthaler Straße 1, 10623, Berlin

+49 30 20346 0

Engel & Völkers
Commercial Berlin

Joachimsthaler Straße 1, Berlin, 10623

OI-BER-29786 – This is the Engel & Völkers property ID.
Team Investement Residential and Commercial
Licence partner of Engel & Völkers Commercial GmbH
Website

Commission Details

The brokerage fee of 7.14% on the purchase price including statutory VAT is to be paid by the buyer.



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+49 40 36 13 12 22

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20457 Hamburg, Germany



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