Engel & Völkers

Multi-family house with district heating in charming neighborhood in Neukölln

€5,400,000
  • 2,871 m² Total surface
  • 2,871 m² Living area
  • 2,080 m² Plot surface

Description

Built in 1929, the multi-family house, typical of the period, is located on a plot of approx. 2,080 m² not far from the very popular Richardplatz in Neukölln, which continues to give this district the character and charm of an old Berlin village. The property in question offers approx. 2,871 m² of living space, four building sections with separate entrances, each with five floors and a total of 36 apartments. The property is fully let, with the attic floor not developed. The units are accessed via well-maintained stairwells and supplied with heat and hot water via district heating (energy efficiency class "C"). All apartments have balconies and/or bay windows facing the street or courtyard, the living spaces range from approx. 47 to approx. 118 m² and are in high demand. The units are partly equipped with floorboards, partly with laminate flooring, fitted kitchens and contemporary bathroom fittings. The entire property is in a well-kept and technically sound condition. Rents were recently increased. At the rear of the property there is a large courtyard with a communal garden, which families and their children use to linger and play. The property is located in an area covered by a preservation order, the "Rixdorf" environmental protection area. Fully rented Very popular apartment sizes "Rixdorf" environmental protection area Attic floor appears expandable District heating (energy class C) Balconies or bay windows Spacious courtyard with community garden Average rent for apartments: EUR6.84/m² 52228

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-52228

Property details

Object type

Investment

Total surface

2,871 m²

Living area

2,871 m²

Plot surface

2,080 m²

Target return

4.36082222222222 %

Energy efficiency information

Construction year

1929

Energy certificate available

No

Location: Neukölln, Berlin

The property is located in a very quiet side street near Richardplatz, the heart of the old Berlin neighborhood of Rixdorf. This is located between the two main shopping streets in Neukölln, Karl-Marx-Straße and Sonnenallee, so that both a very good supply of everyday necessities and the nearby S-Bahn station "Sonnenallee" and various bus lines ensure very good public transport connections. The streetscape of the immediate neighborhood is characterized by classic turn-of-the-century buildings, some of which have attractive stucco facades. In the immediate vicinity is the Estrel conference and entertainment hotel, which is famous beyond the borders of Berlin. The property is located in the "Rixdorf" environmental protection area.

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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 statutory VAT is to be paid by the buyer.

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