Berlin, Ossietzkystraße 9

Description

The commercial unit(s) for sale offer large shop windows and are clearly laid out. The unit on the right measures 201.89 m², which is divided into sales rooms, an office and WC area. A wide sidewalk runs in front of the store and there are numerous car parking spaces on the street side. 

Investment Information
Asking price: € 909.000,- 
The apartment is currently not rented. The yearly estimated rental income is: € 24.228,-
Forecast gross yield: 2,67%

Building
Built in 1905, this striking old building on the corner of Ossietzky Strasse and Wolfshagener Strasse is a representative example of Wilhelminian architecture. The representative corner building is located in the sought-after Berlin district of Pankow in an attractive commercial location. 

The elegant old building property accommodates two spacious commercial units on the first floor in addition to generously proportioned old building apartments. Both units are rented.
The entire area around Ossietzkystrasse is an attractive “neighborhood” with a mature structure. Many Gründerzeit buildings characterize the attractive streetscape. 

The building is currently undergoing renovation and has scaffolding. After extensive restoration work, the house presents itself in new splendor. 

The acquisition of this/one commercial unit in this prestigious residential and commercial building represents an attractive capital investment.

Area
The residential and commercial building at Ossietzkystrasse 9/ Wolfshagener Strasse is nestled between numerous individually operated commercial spaces and a resident population with good purchasing power.

Even in the current difficult times, families and creative residents as well as international new Berliners stroll here in large numbers, clearly shaping the charm of the city and this neighborhood with its multifaceted offerings.
The parish church of Pankow is in the immediate vicinity, the town hall as well as the shopping center of the same name are within walking distance. The public transport system is well developed: Streetcar lines (M1/M50) and buses (155/ 250 / 255) operate here.
The district of Pankow is considered a sought-after district with high purchasing power. This is also reflected in the district’s high number of commercial properties:
The Rathaus-Shopping Center and Gesundbrunnen-Center, which are only a 10-20 minute walk from the property, as well as the Breite Straße shopping street are lined with retailers and bustling with activity.
Furthermore, numerous well-kept green spaces and cultural offerings make Pankow a residential district with a high quality of life. 

Walking distance to public transport: 1 min.
Travel time nearest main station: 16 min.
Travel time nearest highway: 5 min.

Object: Residential and commercial building, corner location
Floor: Ground floor
Location: front building, right
Surface area: 201.89 m²
Number of rooms: 4
Shop windows: wide shop windows over corner
Year of manufacture: 1905
Rented: yes
Branch: Children store
Rent (net cold): XXX
Rent / m²: €10,-
MV since: XXX
MV until: XXX
Energy/Supply: Natural gas
Energy characteristic value: 102 kWh/(m²*a)
Other: Well frequented shopping/residential street near city hall
Purchase price €: 909,000
Purchase price €/ m²: 4.502,-
Yield: 2,67%
Commission: Yes
Commission €: 7,14% = 64.902,60

Property information