Apartment Block Property for sale, Charlottenburg, Berlin

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Apartment Block Property for sale, Charlottenburg, Berlin. Tenanted property making it a perfect investment. Recently refurbished. This six storey building dates back to 1909 and was partly rebuilt in 1956 as a
result of war damage. During 2007 the property was refurbished including the
addition of apartments in the roof space. The property comprises of 33
apartments (2349m2) and 1 commercial unit (98m2). Most apartments have balconies
and the units located in the front of the building enjoy particularly attractive
views over the Lietzen Lake – the penthouse offering a superb aspect. All
apartments are well served by lifts. Five apartments are currently vacant as a
result of refurbishment but with a high demand in this area it will not be a
problem to find tenants. The property has 8 parking spaces and a plot size of
1255m2.

This apartment house is located centrally in Charlottenburg,
Berlin. The situation is perfect offering a green park area with lake directly
in front and the busy, vibrant central areas of the city all around. This part
of Berlin offers a huge range of shops, bars, restaurants and leisure
facilities. Local transport links are excellent making this location one of the
very best in Berlin!!

The actual rent currently exceeds 197,000 euros
per annum. However, the expected rental income when all units are tenanted will
be approximately 223,000 euros producing a yield of 5.4%.

The property
price excludes 7.14% commission including tax

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Facilities near this property