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| Mitte, Mitte, Berlin, Germany |
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From €2,035,000 |
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Description:
Berlin-Wedding area has become a favorite for investors. The potential is clear, prices remain very competitive yet the prospect remains for considerable capital growth over the next few years. One for the medium - long term investor in our opinion.
This apartment building is located centrally in Wedding offering excellent transport links. Nearby are two park areas (Schillerpark and Goethe) offering first class recreational areas.
The property dates back to 1900 and comprises of 35 residential and 2 commercial units. The layout is classic Berlin with side wings and frontage surrounding a generous and well-maintained inner courtyard area. The property has been fully modernized, in 1999, and is in excellent condition. There is a full sized basement and oil central heating. The total floor areas are residential, 1780m2 and commercial 130m2 giving a total of 1910m2. The actual rental income is 116,500 e per year with an achievable rent of 121,000e as one commercial unit is currently empty. The return on investment is therefore anticipated as approx 6%.
Please note commission (6% + tax) or 7,14 Prozent inkl. Mw St is NOT included in the price.
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| Contact Details: |
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| Email: |
Reply to this ad by email
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| Phone: |
0035316771188 |
| Contact Name: |
Overseas Department |
| Phone Between Hours: |
anytime |
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