1 Bedroom Apartment / Flat for sale in Berlin, Germany

Property Description

TENANTED APARTMENT, NEUKOELLN WITH A 6.5% YIELD !!

This tenanted studio apartment in Neukoelln lies on the third floor of a four storey apartment house. The building dates back to 1910 although modernized in 1998. The apartment has a tiled bathroom with shower, strip wood floors with carpet overlaid, central heating and a cellar storeroom.

The apartment is located close to the Volkspark Hasenheide with its extensive gardens and walks. The local rail connection is only 300 metres distant ( U-bahn Boddinstrasse) which offers connections across Berlin. Interestingly for the investor this property lies close to the existing Tempelhof airport which is due to close this year due to the construction of the new Berlin International airport. Neukoelln is likely to have considerably regeneration associated with the redevelopment of the old airport site which can offer some interesting growth potential for property in this area.

This tenanted studio apartment has an annual rental income in excess of 1800EUR which produces an excellent net yield of 6.5% - a terrific buy !!