Engel & Völkers

Charming residential and commercial building near Bäkepark

€4,400,000
  • 1,910 m² Total surface
  • 1,547 m² Living area
  • 1,246 m² Plot surface
  • 241 m² Office surface
  • 122 m² Rental Surface

Description

The property is a residential and commercial building complex built around 1911 consisting of a front building with a side wing and a front building with a transverse building (garden house). The buildings, each with four full storeys, contain a total of 24 apartments, two office units and two retail units. All units are currently let. The property is accessed via four well-kept stairwells and presents itself in a well-kept condition. Old building details such as stucco elements in the stairwells and apartments as well as wooden double-box windows lend the property its unique charm. The front façades in the characteristic style of the year of construction are particularly noteworthy. The usage units are supplied with heat via a heating mix of gas floor heating and night storage heaters, with a connection to the district heating system already planned. The quiet inner courtyards feature well-tended green spaces. Due to their sizes of between approx. 29 and 137 sqm, the rental units are very easy to let and cover a broad spectrum. Among other things, the units have high-quality fittings with wooden floors and stucco elements, balconies or loggias; only three small 1-room units in the side wing still have outside toilets. All four attic floors have not yet been developed, but appear to be capable of expansion. It should also be emphasized that the plot can also be divided in the future if necessary, so that two separate plots can be formed by separating the buildings in accordance with the existing addresses and the existing building developments. The residential and commercial building is neither within the scope of a conservation statute nor in a formally designated redevelopment area. Residential area in demand Fully let Stucco elements in the apartments Units with balconies and loggias Garden and courtyard area Gas floor heating and night storage heaters Wooden double-glazed windows No conservation area Average residential rent: EUR8.66/sqm Average store rent: EUR 9.84/sqm Average office rent: EUR10.03/sqm 37723

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Engel & Völkers Commercial Berlin

Your advisor: Team Investement Residential and Commercial

Property ID: OI-BER-37723

Property details

Object type

Investment

Total surface

1,910 m²

Living area

1,547 m²

Plot surface

1,246 m²

Office surface

241 m²

Rental Surface

122 m²

Target return

4.64059090909091 %

Energy efficiency information

Construction year

1911

Energy efficiency class

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Energy certificate available

Yes

Energy certificate type

Demand certificate

Final energy demand

135 kWh/m²a

Heating consumption

135 kWh/m²a

Energy includes hot water

No

Location: Lichterfelde, Berlin

The street is in an established location in the Berlin district of Lichterfelde. The nearby "Bäkepark" forms the heart of the neighborhood and is also a place of recreation. The residential area is characterized by a large number of predominantly renovated old buildings, including many prestigious town houses. Shopping facilities, restaurants, cafés and cultural institutions are often available on the nearby Schloßstraße. The Bäke elementary school with a daycare center and a sports hall are located in the immediate vicinity. Links to the public transport network are optimally guaranteed via various bus lines running in the immediate vicinity as well as the "Rathaus Steglitz" S-Bahn/U-Bahn station. The nearby "Abzweig Zehlendorf" highway exit is just two minutes away by car.

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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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