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Kreuzberg, Berlin
Residential and commercial building near Bergmann-Kiez
Price
€5,000,000
The property is a residential and commercial building built around 1900 with 24 apartments and seven commercial units spread over six full floors in a front building, a rear building and a side wing. The commercial unit on the first floor will be handed over empty. The property is accessed via three well-kept stairwells and is in a satisfactory overall condition, both technically and visually. Period details such as historic wooden doors and banisters as well as corresponding ceiling heights are still present in part. In the 1990s, the elements of the old building on the first two floors rented for commercial use were replaced as part of modernization work. All units are heated by gas central heating, and hot water is supplied decentrally by instantaneous water heaters. The heating system was thoroughly renovated about four years ago. The rear facades were also insulated. The attic in the front building and in the transverse building was converted in the 1990s. In the course of the expansion, a large proportion of the windows were replaced with plastic insulating glass windows, and the risers and electrical strands were partially renewed. The tenants of the transverse building have access to a community garden with a covered seating area in the second courtyard. In the last ten years, the apartments have been modernized whenever there was a change of tenant, and almost all of the bathrooms have been renewed. Fitted kitchens are available in a few units. The property is located in the "Bergmannstraße Nord" environmental protection area. "Bergmannstraße North" environmental protection area Sought-after residential and commercial area Good condition One commercial vacancy Rear facades insulated Plastic windows are the norm Gas central heating Attics converted Average residential rent: EUR7.34/sqm Average commercial rent: EUR16.54/sqm 29679
Your advisor: Team Investement Residential and Commercial
Property ID: OI-BER-29679
Object type
Investment
Total surface
2,143 m²
Living area
1,512 m²
Plot surface
720 m²
Rental Surface
631 m²
Target return
4.9973014 %
Construction year
1900
Energy efficiency class
Energy certificate available
Yes
Energy certificate type
Energy Consumption Certifiate
Energy source
Gas heating
The property is situated in an established and sought-after location in the district of Friedrichshain-Kreuzberg. The heart of the neighborhood and a place of cultural diversity, the nearby area around Bergmannstraße is full of cafés, bars and restaurants. The residential environment is characterized by a large number of well-kept Gründerzeit buildings and some classic post-war buildings. Shops for daily needs are available in the surrounding streets as well as on the street itself. There are several educational institutions nearby, from daycare centers to a high school and a university. The connection to the public transport network is optimally guaranteed by various bus lines in the immediate vicinity and the "Mehringdamm" underground station.
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The brokerage fee of 7.14% on the purchase price including VAT is payable by the buyer.