Pankow, Pankow, Berlin, Germany
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Overview
Overall Floor Area: 1076 Sq. Metres (11,582 Sq. Feet)
Property Description:
EXCELLENT INVESTMENT IN PANKOWThis 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 874e per m2. This fully tenanted property has a rental income exceeding 46,500e 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 distant.
The purchase price excludes 7.14% commission including tax.
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Finance
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