| Type | Commercial building |
|---|---|
| Year built | 1957 |
| Heating | Central heating |
|---|---|
| Fuel type | District heating |
| Plot area | 2289 m² |
|---|---|
| Condition | Well kept |
| Type of energy certificate | Energy consumption |
| Floors in the building | 2 |
| Rental income | 156.000 € |
| Purchase price | 1.640.000 € |
|---|---|
| Commission | no commission for buyers |
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More financing calculators and assumptionsThe Union Filmtheater at Friedrichstraße 21 in Prenzlau offers a rare opportunity to acquire an almost fully let and established commercial property in a central downtown location. Situated directly in the pedestrian zone, the property combines its distinctive historic character with a diversified use concept and attractive ongoing rental income.
Constructed in 1957 and comprehensively gutted and renovated in 1998, the building is classified as a cultural monument and has shaped Prenzlau’s cityscape for decades. On a plot measuring approx. 2,289 m², the property has a total lettable area of around 2,267 m².
With an occupancy rate of approx. 98%, the property has a high level of occupancy. The diversified tenant mix comprises cinema, retail, gastronomy, amusement arcade and office uses.
The traditional cinema accounts for around 43% of the total lettable area and represents a significant component of the property. A further approx. 39% of the lettable area is occupied by the creditworthy anchor tenant TEDi. The remaining areas are divided among an amusement arcade, gastronomy and a smaller office unit, which currently represents the property’s only vacant space.
The combination of a central pedestrian-zone location, very high occupancy rate, diversified tenant mix and established uses makes the Union Filmtheater an interesting investment with a distinctive unique selling point.
The property is being sold as freehold ownership. According to the information available, there are neither contaminated sites nor encumbrances under public law. An energy certificate is available; the building is supplied with heat via district heating.
The listed historic building was constructed using solid construction methods and comprehensively renovated in 1998. As part of the renovation measures, among other things, the roof was retiled and the exterior façade renewed. The property thus combines its historic character, which defines the cityscape, with contemporary commercial use.
The interior was largely gutted, followed by comprehensive interior finishing. The measures included, among other things, the construction of a new intermediate ceiling, on the basis of which the current floor layouts were created.
The upper floor is characterized by the traditional Union Filmtheater cinema, with its cinema and associated ancillary areas. The ground-floor areas offer a diverse mix of uses, including retail, catering, an amusement arcade and offices.
The comprehensive renovation and functional layout provide the property with good prerequisites for long-term use as a centrally located commercial property.
If you are interested in the complete property dossier for this exclusive property, please send us your personal details and contact information, as well as a brief statement regarding your specific purchase interest.
After reviewing your inquiry as part of our internal approval process for prospective buyers, we will contact you promptly and, subject to the corresponding approval, provide you with the additional property documents.
Yours sincerely
REBONA GmbH
Note regarding the energy certificate: A separate final energy consumption value for electricity is not stated in the energy certificate provided. The figure of 0.10 kWh/(m²·a) is given solely for technical reasons, as the corresponding field in the real estate portal is mandatory.
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The Union Film Theatre is situated in an outstanding retail location – right in Prenzlau’s lively pedestrian zone. Surrounded by numerous shops, cafés and restaurants, the cinema benefits from an excellent location that attracts visitor flows from the entire surrounding area. The strong presence of nearby retailers creates an attractive mix that makes the Union Film Theatre a magnet for residents and tourists alike.
Further cultural highlights, such as St. Mary’s Church and the Cultural History Museum, are located in the immediate vicinity and further enhance the location. Public transport is easily accessible, as are numerous parking facilities, making visits convenient.
The lively atmosphere of the pedestrian zone, combined with the wide range of shopping opportunities and dining establishments, makes the Union Film Theatre a central meeting place in the heart of Prenzlau and a perfect venue for leisure activities and urban social interaction.
Prenzlau is a historic city in Brandenburg and is known as the gateway to the Uckermark, one of Germany’s most beautiful and unspoilt regions. The city is located approximately 100 km north-northeast of Berlin and is well connected via the A20 and A11 motorways and the B109 and B198 federal roads. Prenzlau lies on the shores of Unteruckersee, one of Brandenburg’s largest lakes, and offers an idyllic combination of water, woodland and historic sights, including the impressive St. Mary’s Church.
The region’s picturesque landscape, extensive nature reserves and numerous hiking and cycling trails make the city a popular destination for nature lovers and tourists, particularly in summer. Thanks to its proximity to the metropolitan areas of Berlin and Szczecin, the city is easily accessible and is increasingly being discovered as an international insider tip for holidaymakers wishing to enjoy rural Germany.