Property For Sale in Charlottenburg, Berlin - Tenanted Apartment Block

Property Description

APARTMENT HOUSE FOR SALE CHARLOTTENBURG This superb apartment house property for sale in Charlottenburg dates back to 1896 but was restored in 1985 resulting in this beautiful stucco façade. The property comprises of 11 residential (647m2) and 1 commercial unit (45m2) over five floors on a plot size of 235m2.Four of the residential units have balconies. All of the apartments have bathrooms and central heating. The roof was replaced in 1985 and the penthouse apartment expanded. The property has many period pieces and features as well as being well maintained and in excellent condition throughout. The apartment house lies in the heart of Charlottenburg and is located only 100 metres from the nearest U-bahn station (Richard-Wagner-Platz)and less than 1km from Charlottenburg Palace – one of the finest and most beautiful historical palaces of Berlin. This popular and well established residential area has a tremendous range of shops, restaurants and cafes all within easy walking distance. The apartment house generates in excess of 52,500€ rental income p.a. which results in a net yield of 5.2%. The purchase price is a very competitive 1462€/m2. The price of the property excludes commission at 7.14% including tax.

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