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Property - | Land Berlin

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Other Description

VACANT APARTMENT HOUSE - HOTEL DEVELOPMENT?

A rare opportunity to find a well located, mainly empty apartment building which would be ideal as a hotel development, for example. The property is located in central Neukoelln close to the main arteries of Karl Marx Strasse and Hermann Strasse. The building is less than 300 metres from the nearest U-bahn station (Hermannplatz). The immediate local area has a wealth of shopping options as well as amenities and recreational facilities.

The property was built around 1900 and comprises of five storeys plus a cellar. The arrangement is a front and rear house connected via a side wing. There are 41 residential units (1906m2)on a plot size 1034m2 - currently only 8 are tenanted. In recent years the roof surface has been renewed and the façade refurbished. All apartments have central heating.

This property is available at the bargain price of 738EUR per m2 !!

The purchase price excludes commission at 7.14% including tax.


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Approximate price of this 0-Bed Unknown
€1,406,900 EUR | 
£1,125,942 GBP | 
US$1,765,097 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 503129 
Town Berlin 
Province Land Berlin 
Country Germany  
Type Other
Build Size 1906 
Category Re-Sale  
Listed over 1 year ago
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Price: €1,406,900
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Purchase this Other in Berlin for

€2,831p/m

(60% LTV, 5% Interest Rate, 25 years)

(Subject to status. Information given for guidance purposes only.)

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