Engel & Völkers
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Residential and commercial building in the heart of Kreuzberg

€3,000,000
  • 1,301 m² Total surface
  • 1,059 m² Living area
  • 369 m² Plot surface
  • 242 m² Rental Surface

Description

The property is a residential and commercial building built around 1865 with 14 apartments spread over five full floors and two commercial units on the ground floor/souterrain. The top floor was converted in 2006 with two 3-room apartments without balconies. In addition, an approx. 39 sqm roof terrace was created, which is used exclusively by the tenants on the top floor. The corner house, which is fully let and has a basement, is accessed via two staircases and is in an apparently good and well-kept condition, both technically and visually. The property is connected to district heating. Hot water is also supplied centrally. Extensive maintenance, modernization and refurbishment work was carried out between 2005 and 2007: Removal of moisture damage, repair of the building structure (ceiling beams, roof and basement), renewal of the electrical and sanitary installations where necessary, repair or replacement of apartment and room doors, modernization of the apartments to the generally accepted standard at the time, including the installation of kitchens and bathrooms with bathtubs or showers. The majority of the apartments have stripped floorboards. Wooden insulated glass windows were also installed. The commercial areas are each connected to the basement via a staircase. The property is located within the scope of a preservation statute, the "Luisenstadt" milieu protection area. "Luisenstadt" neighborhood conservation area Popular, relatively quiet residential area Old building details Renovated in 2005-2007, well-kept condition District heating Insulated wooden windows Converted attic Fully let Average rent residential: EUR 5.90/sqm Average office rent: EUR 12.65/sqm 60420

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-60420

Property details

Object type

Investment

Total surface

1,301 m²

Living area

1,059 m²

Plot surface

369 m²

Rental Surface

242 m²

Target return

3.725464 %

Energy efficiency information

Construction year

1865

Energy certificate available

No

Location: Kreuzberg, Berlin

The Kreuzberg district has long been internationally renowned for its quality of life and the wide and varied range of restaurants, bars, activities and cultural venues. The Wrangelkiez, originally the Schlesisches Viertel, is itself surrounded by water on three sides and is also home to Görlitzer Park, which is known for its wide range of leisure activities. In the neighboring "Markthalle Neun", one of the last historic halls of its kind in Berlin, Kreuzbergers meet and enjoy the wide range of international food on offer. The riverside paths of the Paul-Lincke-Ufer are just a few minutes away, inviting you to linger and take a relaxing stroll. The area is easily accessible by car (via Bundestraße 96) as well as by public transport via the subway station "Schlesisches Tor" or "Görlitzer Bahnhof".

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Engel & Völkers Commercial Berlin

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Provider:

License partner of Engel & Völkers Commercial GmbH

Commission details

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

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