Description
1 Residential & commercial building + 1 detached house. This is a beautiful Art Nouveau Villa and includes a detached house with a garden. There are 8 units of which 6 are apartments and 2 are commercial units. There is also the possibility to extend the rooftop in the front of the building. The high class renovation and refurbishment of all units was completed in the year 2002. Each unit has gas central heating. Bathrooms are fitted with bathtubs and fitted kitchens. The floors are either parquet or laminate. The bathroom is tiled.
One rooftop apartment which is a 2 bedroom apartment and 80 sqm in size on the top left is vacant right now.
The detached house is separate from the apartment building situated at the back of the building with its own garden. In 2002 the house was entirely gutted, renovated and refurbished. Top premium quality work was done with the newest technology. It consists of a ground floor, first floor and a rooftop. The ground floor has a kitchen with a top quality fitted kitchen and includes all electrical units. There is a large tiled room with borders of stucco and wall rosettes and a spacious winter-garden. The entire ground floor has been laid out with floor heating of anhydrite. The first floor has another big room with wooden floor panelling in natural wood which has been coated, sealed and newly laid out. From this room one can access the very spacious and top quality terrace which was also newly done. The floor above has been laid out with wooden floor panelling and includes a top quality bathroom with new sanitary facilities.
The property is southern style with a courtyard that tenants enjoy lounging around in. There is a pleasant corner terrace where one can enjoy a cup of coffee together and have a barbecue party. It is a lovely cosy place in the middle of the city.
•Residential building has a total of 6 apartments
•+ 2 commercial units (property management themselves)
•tenanted living space: 670 sqm
•total space: 800 sqm
•year built: 1906
•2 parking lots
•5 out of 6 apartments are currently tenanted
•the current owners are currently living in the detached house
Location
The property is located in the district of Rosenthal, Pankow. It is in a side street. There is a small park at the end of this street and includes a playground and lake. Just around the corner there is a larger park with playgrounds.
Shopping facilities for everyday needs, banks and pleasant localities are close-by in the area. The bus is across the road and takes you to the nearest train station S-Bahn Wilhelmsruh.
Purchase price: € 1,000,450.00
+ 7 % buying costs: € 70,031.50 (stamp duty, notary, land registry, legal)
Total purchase price: € 1,070,481.50
Land value per sqm: € 230.00
Cold rental income per annum: € 55,308.00
Property management fee: € 300 + 19 % VAT per month.
PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.
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