5 Residential And 1 Storage Unit, Fully Tenanted, Near Prenzlauer Berg, Pankow,

5 Residential And 1 Storage Unit, Fully Tenanted, Near Prenzlauer Berg, Pankow, Berlin, Germany

€418,000

|Finance from €1,393 per month*

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5 Residential And 1 Storage Unit, Fully Tenanted, Near Prenzlauer Berg, Pankow, Berlin, Germany - Click to view photos

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Overview

Overall Floor Area: 403 Sq. Metres (4,338 Sq. Feet)

Property Description:

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.

Features:

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Fully licensed and bonded Estate Agents (S1229A). Authorised by the Financial Regulator - A004235/06
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Daft Property Shortcode:

http://www.daft.ie/7607702

Date Entered/Renewed:

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

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