Excellent Selling Price, Pankow, - Commercial Property For Sale

Excellent Selling Price, Pankow, Berlin, Germany

€940,500

|Finance from €3,135 per month*

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Overview

Overall Floor Area: 1076 Sq. Metres (11,582 Sq. Feet)

Property 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
Price from: Euro 940,500
Tenanted: yes
Ref No: FBEI1252

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Daft Property Shortcode:

http://www.daft.ie/7604611

Date Entered/Renewed:

14/2/2012 (today, 11 hours ago)

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