Wedding, Berlin - Apartment Block for sale

Property Description

Apartment Block Property for sale, Wedding, Berlin. Comprising of 35
residential and 2 commercial properties. Tenanted making it an ideal
investment. Berlin-Wedding area has become a favorite for investors.
The potential is clear, prices remain very competitive yet the prospect
remains for considerable capital growth over the next few years.

This apartment building is located centrally in Wedding offering
excellent transport links. Nearby are two park areas ( Schillerpark and Goethe)
offering first class recreational areas.

The property dates back to 1900
and comprises of 35 residential and 2 commercial units. The layout is classic
Berlin with side wings and frontage surrounding a generous and well-maintained
inner courtyard area. The property has been fully modernized, in 1999, and is in
excellent condition. There is a full sized basement and oil central heating. The
total floor areas are residential, 1780m2 and commercial 130m2 giving a total of
1910m2. The actual rental income is 116,500 € per year with an achievable rent
of 121,000€ as one commercial unit is currently empty. The return on investment
is therefore anticipated as approx 6%.

Please note commission ( 6% + tax)
or 7,14 Prozent inkl. MwSt is NOT included in the price

Check current price and availability

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