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Rare: Two spacious units in a magnificent historic building in Prenzlauer Berg

€ 2,390,000
kollwitzkiez, ,

Discover a rare opportunity in Prenzlauer Berg: two spacious units in a beautiful historic building!

This offer comprises two units (approximately 165 sqm + 126 sqm). Currently, the smaller unit is leased under a commercial contract, but termination is possible. However, the current tenant would be interested in extending the contract. Current rental income amounts to approximately €1,900 per month net of charges. Therefore, it is possible to use rental income for financing or to merge the units to create a Berlin residential landscape of 290 sqm.

The photos in the exposé depict the excellent condition and meticulous maintenance of the equipment in both units. You will benefit from a range of design possibilities, from functional to whimsical, to customize this space to your liking.

With a purchase price of approximately €8,000/sqm and renovation costs of €1,000/sqm, this opportunity offers good value for money. This would still result in a total price significantly below €10,000/sqm – noteworthy in one of the city’s most prestigious locations, southwest of Kollwitzstraße, overlooking the square. At the back, there are views of the green courtyards along Metzer Straße.

The property, built in 1874, is part of the protected ensemble of Senefelderplatz, along with the neighboring building number 10. Hence, the property itself does not have an elevator. However, the attic apartment is connected to the neighboring building’s elevator and can be easily accessed through it.

In summary, a rare offer in terms of location, views, design possibilities, area, and price. Of course, not everyone may be able to afford it; however, those who can should take a closer look at this incredible attic apartment. It’s worth it.

 

Key Information:

  • 2 attic units
  • 292 sqm
  • €2,390,000 (€8,185 per square meter)
  • Listed historic monument
  • 5th floor
  • 5 terraces
  • 8 bedrooms
  • 4 bathrooms
  • Parquet flooring
  • Elevator
  • East/west orientation
  • Large unit available, small unit leased with possibility of quick termination.

 

Location:

Kollwitzstraße runs from Senefelderplatz southwestward to northeastward to Danziger Straße, traversing the neighborhood considered the epicenter of the Berlin boom, which began around the turn of the millennium and continues to this day.

The days when one could still encounter the President of the Bundestag in the street and meet groups like Fanta 4, Rammstein, and Seed at the café for breakfast are long gone. No one would dare to have breakfast there today… well, maybe with a wig and very dark sunglasses.

However, when it comes to real estate, it’s a whole different story. A good location comes at a price, and that price is determined by demand. Here as elsewhere. Except it’s much better here. The infrastructure is excellent, the connection to public transportation couldn’t be better, and culturally, Prenzlauer Berg – especially bordering Mitte – tops the list (and we don’t even need to talk about the organic markets and such). Culture is lived on the streets here. Just take a stroll through the neighborhood on a mild and ordinary summer evening to see it.

 

Contact us:

  • Updated On:
  • Februar 8, 2024
  • 8 Bedrooms
  • 4 Bathrooms
  • 292 m2
  • Year Built: 1874
Address: kollwitzkiez
City:
State/County:
Country: Germany
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Property Id : 26789
Price: € 2,390,000
Property Size: 292 m2
Property Lot Size: 292 m2
Rooms: 8
Bedrooms: 8
Bathrooms: 4
Year Built: 1874
Structure Type: Altbau
State: Good
Agency fees: 3,57% VAT included
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