Reference: 525238

Gotlandstrasse in Berlin - Prenzlauer Berg / 13 apartments ranging + 2 commercial units:PACKAGE DEAL! These beautiful buildings were built in the year 1912 and entirely renovated and refurbished from 1995 - 1997.The housing estate consists of 3 buildings, front, side and back building. The courtyard is well kept and nice and green.There are 13 apartments + 2 commercial units for sale. 1 commercial unit is a doctor's practice and the other is a physiotherapist practice.13 apartments ranging from 34.65 sqm - 74.35 sqm + 2 commercial units: size 74.96 sqm + 128.13 sqmAll apartments are tenanted.All bathrooms and kitchens in the apartments have been newly renovated. There are new, thermal insulated windows and central gas heating and hot water supply.The estate is located in the district of Prenzlauer Berg. Excellent public transportation access. Underground station Schönhauser Allee and bus routes and tram available by foot. Shopping facilities for everyday needs available in the immediate area.Purchase price: 1,011,240 for 13 apartments + 2 commercial units+ 7 % buying costs: 70,787Total purchase: 1,082,027Yearly net cold rent: 58,584.00Total space in sqm: 785.87 sqmCommercial units on ground floor. Residential from Ground Floor to 4th FloorResidential and commercial all tenanted.TOTAL COLD NET RENT PER YEAR: 4,882 x 12 months 58,584.00TOTAL HOUSING COSTS FOR OWNER PER YEAR: 25,308.00./. portion housing costs paid by tenant: 19,644.00Housing costs left for owner to pay 5,664.00./. approx. yearly management fee 5,400.00Total income yearly: 47,520.00=========Net yield: 4.69 %Running Costs: The tenant pays a monthly flat rate of running costs which is based on consumption determined the prior year. The flat rate is valid for an entire billing year. Should the running costs increase due to economic circumstances during the year (costs for electricity, heating, garbage disposal...) then the owner must firstly pay these costs upfront (which means higher housing cost payment). The owner then transfers these costs onto the tenant. This is done by the property management at the next billing of running costs and the tenant will be billed for the additional amount. The flat rate shall then be based on the newly determined amount of consumption.A Management company is not in place as owner has dealt with these matters themselves.PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.To request further details please use the Contact Us link below.To view more properties from Locations click the 'More Properties' link below.