Engel & Völkers

Residential building in sought-after residential area

€1,600,000
  • 858 m² Total surface
  • 858 m² Living area
  • 600 m² Plot surface

Description

The property is an apartment building built around 1911 with 16 flats spread over four full floors in a front building with a left-hand side wing. The property is accessed via two stairwells and is in a solid technical condition, but is visually rather simpler. Some period features, such as historic doors and banisters and corresponding ceiling heights, have been preserved. The fully let residential units are heated by gas central heating, and hot water is also supplied centrally. The apartments themselves have laminate flooring and some still have stucco elements. With the exception of two units, all apartments have plastic windows. Some have loggias facing the quiet street. The apartments have white tiled bathrooms and each unit is equipped with a fitted kitchen. The property was partially renovated around 2005. As part of this, all apartments, including the electrics and bathrooms, were renovated and the supply and waste water pipes were replaced. The gas central heating was also installed, and in 2022 it was replaced by a modern gas condensing boiler. The roof of the front building was also replaced. The facades and stairwells, on the other hand, have not yet been renovated and are in a very basic state. The cellar appears to be in good condition. The attic has not yet been developed. No request has been made for a possible development. The property is located in the area covered by a preservation statute, the 'Weißenseer Spitze' urban development area of unique character and the 'Langhansstraße' milieu protection area, but not in a redevelopment area. Conservation and environmental protection area No redevelopment area Sought-after residential area Partially renovated Some period features preserved Balconies Gas central heating (renewed in 2022) Attic not developed Fully let Average residential rent: EUR7.03/sqm 135425

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-135425

Property details

Object type

Apartment House

Total surface

858 m²

Living area

858 m²

Plot surface

600 m²

Target return

4.4964 %

Energy efficiency information

Construction year

1911

Energy certificate available

No

Location: Weissensee, Berlin

The popular residential district of Weißensee has retained its quiet, almost small-town character. The numerous parks, such as the nearby 'Weißenseer Park' with the Weißensee Lake, which is a popular local recreation area, as are the Jewish Cemetery and the historic town centre at Pistoriusplatz, as well as the shopping opportunities at Antonplatz and along Berliner Allee, offer residents a high quality of life. The transport links by bus and tram are very good. Alexanderplatz can be reached in about ten minutes by tram, Friedrichstraße in about twelve minutes and Hackescher Markt in about 15 minutes. This is a quiet side street that leads off the busy Prenzlauer Promenade.

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Engel & Völkers Commercial Berlin

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Provider:

License partner of Engel & Völkers Commercial GmbH

Commission details

The commission of 7.14% of the purchase price incl. statutory VAT is to be paid by the buyer.

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