Germany, Berlin, Pankow, 14 residential and 2 commercial units for sale, from Euro 940,500,

Description

EXCELLENT INVESTMENT IN PANKOW – APARTMENT BLOCK
This period town house dates back to 1912 but was modernised in 2000 producing this strikingly attractive façade. The property comprises of 2 commercial units (148m2) and 14 residential apartments (928m2) on a plot size of 758m2. The property has a number of period features and all units have central heating. There is the opportunity to develop the roof space; however, this would require the appropriate permission.

The property has a very competative selling price of just Euro 874 per m2. This fully tenanted property has a rental income exceeding Euro 46,500 and offers a net yield of 5%.

The apartment house is located in Pankow – an area attracting an increasing number of investors. The property is situated centrally in Pankow and offers excellent local amenities and facilities. The local railway station (Wollankstrasse) is approx. 500 metres away.

Type: Apartment Block
Size: 1,076 sqm
Area: Pankow, Wolankstrasse
City: Berlin

Tenanted: yes
Ref No: FBEI1252

Price from: Euro 940,500

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