Property Available In Land Berlin

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Other Description

TENANTED PERIOD HOUSE WITH 7.4% YIELD - KOEPENICK

This beautiful Berlin period building dates back to 1900 and comprises of twelve residential units, four of which are currently vacant. The property is on a plot size of 399m2 and offers a total residential floor area of 535m2 ( the current vacant space is 145m2). In addition to the residential units there is also a billboard generating rental income. The owner is prepared to offer a six month rental guarantee in respect of the vacant units. This guarantee is at the rate of 5.50 euros per m2. With the inclusion of this guarantee the annual rental income is 31,911 euros which equates to an excellent yield of 7.4%.

This beautiful building incorporates many period features and overall presents in excellent condition. Koepenick is a particularly attractive residential area to the east of central Berlin. This attractive apartment house lies near to the centre of Koepenick. The area is dominated by the Mueggelsee, a beautiful lake surrounded with wooded hills and offering many recreational pursuits. The River Spree flows nearby with its ferry services into central Berlin or alternatively around the scenic Mueggelsee Lake. The local railway station (Koepenick) is approx. 300 metres and therefore easily accessible on foot.

In our opinion this area is likely to benefit significantly from the opening of Berlin?s new international airport in 2011. The huge investment in this project and the associated service industries will have a dramatic effect on the local economy and Koepenick stands to be in greater demand for residential accommodation.

At only 806 euros per m2 this period building makes for an interesting investment opportunity?????