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Engel & Völkers Commercial Berlin

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OI-BER-38365 – 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-38365

Mitte, Berlin, Germany

Residential and commercial building in a popular central location

Price

€5,100,000

Plot surface513 m²

Financing option

Amenities and special features of this investment

The property is a residential and commercial building built around 1872 with eleven apartments and two commercial units spread over five full floors in the front building with the right-hand side wing. A small commercial unit of approx. 10 sqm is currently let as an office. The other commercial unit is currently rented by a financial services provider. In principle, this unit could be divided into two or three units in the future. Additional monthly rental income is generated by renting out a garden area to a tenant and renting out furniture. The property is accessed via two well-kept stairwells and is in a well-kept to good condition both technically and visually. Numerous old building details, such as decorative stucco elements, historic doors and corresponding ceiling heights, are still present. The units are heated by gas central heating. The apartments have floorboards and the majority have wooden double-glazed windows. Some units have balconies facing the quiet courtyard. The compact apartment sizes can be described as particularly ideal in this location. The entire property was extensively renovated in 1996. In the course of this, the stairwells, the facades and the electrical and riser pipes were renewed. The roof and windows were not renovated at the time. Further refurbishment measures were carried out in the commercial units in 2006. A positive preliminary building application has been submitted for the attic, which has not yet been converted. Further attractive living space could be created on approx. 180 sqm. The property is located in the "Spandauer Vorstadt" urban conservation area. It is also an ensemble monument. Ensemble monument Central and particularly sought-after location Mostly in good condition Numerous old building details preserved Balconies Gas central heating Wooden double-glazed windows Fully let Positive preliminary building application for a loft conversion has been submitted Average residential rent: EUR 10.13/sqm Average commercial rent: EUR 25.27/sqm 38365

Property typeInvestment

Office Surface

481 m²

Living area

651 m²

Total surface

1,132 m²

Plot surface

513 m²

Year of construction

1872

Energy efficiency class

A+

Energy certificate available

Yes

Energy source

Gas heating

Energy Certificate Type

Energy Consumption Certifiate

Mitte: Location and surroundings of this property

The Mitte district of the same name is one of the most popular residential and business areas in Berlin. It is home to the Brandenburg Gate, Museum Island, Humboldt University and the imposing Berlin Central Station. Elegant boulevards such as Unter den Linden and squares such as Gendarmenmarkt are known for their restored buildings. Hackescher Markt is one of the city's most popular shopping areas. In recent years, the area around the property has developed into a very attractive "neighborhood of its own" thanks to the establishment of numerous well-known restaurants, bars, boutiques and hotels (including Soho House Berlin). Many small squares also offer opportunities for local recreation. There are good public transport connections within a few minutes.