Pankow, Pankow, Berlin, Germany
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Overview
Overall Floor Area: 403 Sq. Metres (4,338 Sq. Feet)
Property Description:
MODERNISED APARTMENT HOUSE - PANKOWWe have available an attractive, three storey modernized, fully tenanted, apartment house. 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 610m2, comprises of five residential and one storage unit with a total floor area of 403m2. 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. 27,000e which equates to an excellent net yield of 6.4%. The purchase cost for this modernized detached apartment house is a very competitive 1037e per m2.
This property represents an excellent investment opportunity.
Sales commission of 7.14% incl. tax is NOT included in the price.
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