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Residential and commercial building near Körnerpark

€4,400,000
  • 2,242 m² Total surface
  • 1,629 m² Living area
  • 1,596 m² Plot surface
  • 614 m² Office surface

Description

The residential and commercial building was built around 1900. It consists of a front building and a garden house as well as commercially used sheds in the second courtyard. The buildings contain a total of 24 apartments and five commercial units. The apartments are accessed via two stairwells and are in a simple technical condition, some of which are in need of renovation. The majority of the apartments have been extensively renovated in recent years. Among other things, the electrical sub-distribution boards, kitchens and bathrooms have been renewed. All apartments are also equipped with plastic insulated glass windows and gas heating. The attic has not yet been converted and may offer potential. The property is not located in a redevelopment area but in the "Rixdorf" milieu protection area. "Rixdorf" milieu protection area Simple residential area Gas heating Low vacancy rate Simple condition Attic not converted Average rent residential 8.85 EUR/sqm Average commercial rent: EUR 4.88/sqm 29997

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-29997

Property details

Object type

Investment

Total surface

2,242 m²

Living area

1,629 m²

Plot surface

1,596 m²

Office surface

614 m²

Target return

4.75024068181818 %

Energy efficiency information

Construction year

1900

Energy efficiency class

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Energy certificate available

Yes

Energy certificate type

Energy Consumption Certifiate

Energy source

Gas heating

Location: Neukölln, Berlin

The property is located in an up-and-coming area of the Neukölln district. The Körnerpark with its beautiful green area and the historic Richardplatz form the heart of the neighborhood and at the same time a place of recreation. The residential area is characterized by a large number of predominantly renovated old buildings. Shopping facilities, restaurants, cafés and cultural institutions can often be found on Karl-Marx-Strasse. There are excellent connections to the public transport network via various bus lines and the "Berlin-Neukölln" S-Bahn and U-Bahn station. The nearby A110 city highway entrance is just a few minutes away by car.

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Engel & Völkers Commercial Berlin

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Commission details

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

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