Engel & Völkers

Fully let and well-maintained residential and commercial building near the EUREF Campus

€3,500,000
  • 1,533 m² Total surface
  • 1,465 m² Living area
  • 556 m² Plot surface
  • 68 m² Rental Surface

Description

The property is a residential and commercial building built around 1901 with a total of 23 flats and one commercial unit. The units are spread over five full storeys and are currently fully let. The property is accessed via two attractive stairwells and is in a well-kept condition overall. Old building details, such as the historic doors and stucco, are present. The units are supplied with heat via gas-fired floor heating and most have a balcony. In addition, almost every tenant has their own cellar compartment. The flats have been successively refurbished as tenants have changed, with most of the bathrooms and floors being modernised and new gas heating systems installed. New double-glazed windows have been installed where necessary, and the historic wooden double-glazed windows have also been continuously maintained and refurbished. Most recently, an approx. 105 sqm flat was completely refurbished in 2019. This included renewing the electrics, sections, flooring, kitchen and bathroom. The attic has not been converted. The property is currently located in the 'Schöneberger Insel' neighbourhood protection area. The commercial unit on the ground floor on the left is a heating and plumbing business. The shop unit on the ground floor on the right is currently used for residential purposes. Conservation area Sought-after residential area Well maintained Facade with balconies Compact apartment sizes Individual gas heating Numerous period features Photovoltaic system (not connected) Attic not developed Fully let Average residential rent: EUR7.19/sqm Average commercial rent: EUR6.89/sqm 4042

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-4042

Property details

Object type

Investment

Total surface

1,533 m²

Living area

1,465 m²

Plot surface

556 m²

Rental Surface

68 m²

Target return

3.77197371428571 %

Energy efficiency information

Construction year

1900

Energy efficiency class

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Energy certificate available

Yes

Energy certificate type

Energy Consumption Certifiate

Location: Schöneberg, Berlin

Schöneberg is known far beyond the borders of the state for its renovated Wilhelminian-style buildings, attractive green spaces and inner-city dynamism. The most important architectural monument in the neighbourhood is the Schöneberg Gasometer. The almost 80 metre high gas holder was in operation until the 1990s and is now a listed building. The site around the striking industrial heritage building is currently home to the EUREF-Campus: a future location for companies in the fields of mobility, energy and sustainability. The property is optimally connected via the 'Julius-Leber-Brücke' S-Bahn station and the 'Südkreuz' railway station with its numerous public transport lines. The city motorway can also be reached by car in just a few minutes. Numerous grocery shops, restaurants and leisure activities are within walking distance.

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Your shop

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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