Germany, Berlin, Pankow, Apartment block with 5 residential units, From Euro 418,000 / Excellent investment opportunity,

Description

MODERNISED APARTMENT HOUSE – PANKOW

Attractive, three storey modernized, fully tenanted, apartment house available. The property has a quiet situation in a ‘green area’ of Pankow however having the benefit of excellent public transport options. The building dates back to 1900 but has since been modernized to include living accommodation in the roof space. The property, on a plot of 610sqm, comprises of five residential and one storage unit with a total floor area of 403sqm. Each of the modernized apartments has central heating.

The apartment house is located just to the north of Prenzlauer Berg and we believe will benefit from the ‘ripple effect’ of increasing prices and demand currently prevalent in this area of Berlin. The situation allows easy access into the very popular areas of Prenzlauer Berg with its full range of amenities and local attractions.

The property has an annual rental income of approx. Euro 27,000 which equates to an excellent net yield of 6.4%.

This property represents an excellent investment opportunity.

 

 

Type: Apartment Block
Area: Berlin, Pankow, Berliner Strasse  
Size: 403 m²
Tenanted: yes 
Yield: 6.4 %    
Ref: FBBI1263 

 

Price from: Euro 418,000

 

 

PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

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