Mixed-use residential and commercial building at unbeatable location in Berlin-Pankow

This mixed-use residential and commercial building was constructed in 1910 and occupies a 578-sqm street-front plot. The property has a full basement and comprises twelve apartments and two commercial units, accessed via a single staircase. The five-storey building was subdivided into condominiums according to Section 8 of the German Condominium Act (WEG) in May 2022. Each unit is entered in the land registry on a separate sheet. The facade and windows were overhauled in 2019. The front-facing apartments are all equipped with balconies. There is also a building permit for the addition of courtyard-side balconies (eight balconies) and an elevator system. The attic offers the potential to create approximately 172 sqm of new living space and a corresponding building permit application has already been submitted. Heating is provided by gas floor heating with hot water preparation. The property is not a listed building and is neither in a redevelopment area nor in an urban and/or social preservation area. Overall, the building is in a well-kept condition.

Price: EUR 3,800,000 plus 6% sales commission (plus VAT)

Lettable space: 1,008 sqm

Net annual rent (current): EUR 66,806

Information acc. to energy performance certificate: energy consumption 137.94 kWh/(m²a), energy efficiency class H, natural gas, built in 1910