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Other Description

BARGAIN BUY ! TENANTED APARTMENT HOUSE - PRENZLAUER BERG

This tenanted apartment house comprises of one commercial and ten residential units over four floors. The building which dates back to 1900 is on a plot size of 620m2. The floor area for the commercial and residential units is 200m2 and 566m2 respectively giving a total floor area of 766m2. The apartments have wooden strip floors and heating.

The apartment house has a very attractive yield of 6.2% from a rental income which exceeds 30,000 euros annually. All the units are tenanted.

The property is located in the ever popular area of Prenzlauer Berg. The local area has a wide range of amenities and facilities and continues to attract significant interest from investors and tenants alike. The local above and below ground station (Schoenhauser Allee) is approx 1km.

This property is being sold at the BARGAIN PRICE of only 645 euros per m2. The property requires some modernization which makes it a very interesting investment opportunity.

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€494,500 | £413,723 | US$657,092
(Currency and Foreign Exchange services supplied by

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Ref	503241
Town	Berlin
Province	Land Berlin
Country	Germany

Type	Other
Build Size	766
Category	Re-Sale
Listed	over 1 year ago

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