Apartment Block Property for sale, Spandau, Berlin

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Apartment Block Property for sale, Spandau, Berlin. Tenanted property making it an ideal investment. Close to Spandau Lakes, city, transport links and airport. This apartment building is located in a quiet road near to the historic old town
of Spandau.

The four storey property
was built in 1900 and modernized in 1993. The building comprises of 24
residential units with a floor area of 1280m2. The actual rental income is
approximately 56,000 euros producing a 5.4% yield, however, the anticipated
income exceeds 70,000 euros with a potential yield of 6.8%.

The property
purchase price is a very competitive 742 euros/m2 !! In addition there is the
possibility to develop the roof space.

Facilities near this property