Engel & Völkers
Treppenhaus

Fully rented residential and commercial building in sought-after residential area

€3,700,000
  • 1,511 m² Total surface
  • 796 m² Living area
  • 1,174 m² Plot surface
  • 715 m² Rental Surface

Description

The property is a residential and commercial building built around 1918 with a total of ten apartments and five commercial units, as well as 16 parking spaces in the rear courtyard. The units are spread over six full floors, plus a very well-lit unit in the basement, and are currently fully let. The property is accessed via a central staircase and is in a well-maintained overall condition. Period features such as the historic doors, stucco and high ceilings are present and give the property its special charm. The attic was converted in the 1990s. In view of the renovation work, the first two commercially rented floors are more in line with new-build standards. Extensions were also built in the courtyard area at that time. The units are supplied with heat and hot water via gas combi-therm. The units on the top floor have a roof terrace facing the well-kept courtyard. The front façade and the other balconies were recently extensively renovated and face the busy main street. Each tenant also has their own cellar compartment. The top floor was expanded in the 1990s. At the same time, a final comprehensive modernization was carried out. Almost all windows were replaced with plastic insulated glass windows and fitted kitchens were provided. Likewise, the apartments were successively modernized when tenants changed, with the bathrooms and floors, as well as the electrical system and the partial strands, being largely renewed. The property is located in the "Schöneberger Süden" environmental protection area. "Schöneberger Süden" environmental protection area Sought-after residential area Individual gas heating Plastic double-glazed windows Converted attic Parking spaces in the courtyard Average residential rent: EUR7.30/sqm Average commercial rent: EUR12.27/sqm 8631

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-8631

Property details

Object type

Investment

Parking spaces

16

Total surface

1,511 m²

Living area

796 m²

Plot surface

1,174 m²

Rental Surface

715 m²

Target return

5.04473675675676 %

Energy efficiency information

Construction year

1918

Energy efficiency class

energy class icon

Energy certificate available

Yes

Energy certificate type

Energy Consumption Certifiate

Energy source

Gas heating

Location: Schöneberg, Berlin

The property is located in a central inner-city residential and commercial area in the popular Berlin district of Schöneberg and is particularly well frequented in this section, close to Innsbrucker Platz. Around Innsbrucker Platz and in the side streets, there are various cafés, restaurants and retail stores for daily needs. The Schöneberg City Park with the "Goldener Hirsch" is within walking distance. The property can be easily reached by car via the main traffic arteries of Hauptstraße, Martin-Luther-Straße and Bundesallee. The A100 and A103 highways are located directly on Innsbrucker Platz. Furthermore, the "Innsbrucker Platz" underground and suburban train station, as well as various bus stops, are only a few meters away from the property.

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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% on the purchase price including VAT is payable by the buyer.

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