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Real Estate On Sale - 1 Bedrooms - REF: 490530
This page provides details about this other for sale in Berlin.
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€473,000
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£397,793
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$596,075
(Approximate currency conversions supplied by  ) |
| Town |
Berlin |
Distance from Beach |
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| Region |
Berlin |
Distance from Shops |
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| Property Type |
Other |
Swimming Pool |
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| Bathrooms |
1 |
Garden |
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| Bedrooms |
1 |
Garage/Parking |
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| Build Size |
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Plot |
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Other Description
Located in the ever popular area of Kreuzberg, Berlin this apartment house is available at a purchase price of ONLY 730EUR PER SQUARE METRE !!
This superb investment opportunity comprises of 10 apartments (650m2) on a plot size of 777m2. In addition this five storey building has the possibility (subject to approval) to develop the roof space (140m2) which only adds to the attractiveness and potential of this investment. The property dates back to approximately 1900 yet has been partly modernised in the mid-90s. The building retains many of the period features. The apartments have heating and bathrooms with either a shower or bath.
The investment produces a yield of 5.6% (26,400EUR p.a.).
This old family house is superbly located near to the central road junction of Mehringdamm and Wilhelmstrasse, Kreuzberg. The area has excellent shopping facilities as well as the usual mix of trendy bars and restaurants that typifies Kreuzberg today. The location has close proximity to both U + S Bahn rail services.
This apartment building is a superb investment opportunity.
The purchase price excludes 7.14% commission including tax.
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