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Property for sale

£1,108,882 (€1,250,000)

Reinickendorf, Berlin, 13407, Germany

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Property features

  • Ref: Bb351
  • Price Per M2: €2,671
  • Size: 468m2
  • Type: Block Of Apartments
  • Status: Tenanted
  • Rent Yield: 3.65%
  • Year Built: 1900

Property description

The 468m2 property was refurbished in 2015 and is located in the front house of a corner building which comprises 9 apartments. The building entrance, each door frame and the staircase are decorated with Stucco and other original features. During the previous modernisation of the building, 6 apartments were completely refurbished (incl. New electricity system, bathrooms and windows) and rented. The staircase was also modernised (incl. Installation of a brand-new bell system and new pipes). The heating and warm water systems work through a Gas system located in each floor. The basement is dry and gives a great impression. The 9 tenanted One bedroom apartments are laid over 3 floors and measure 52m2 each. All flats are decorated with nice and luxurious equipment features and come with a loggia. Each unit has its own storage room and phone installation. 3 units are still tenanted with old prices by existing tenants with soon-ending contracts. In addition, the 150 m2 attic offers to the new owner the opportunity to build an additional two 75m2 apartments. An energy certificate is requested and can be submitted later. The sale is intended as an Asset-Deal, but a Share-Deal is not excluded. The property is already divided, selling of individual apartments is then possible. The 9 tenanted 1-bedroom apartments are dispatched over 3 floors and measure 52m2 each. All flats are decorated with nice and luxurious equipment features and come with a loggia. Each units has is own storage room and phone installation. 3 units are still tenanted with old prices by ancient tenants with soon-ending contracts. In addition, the 150m2 attic offers to the now owner the opportunity to build Two 75m2 apartments. An energy certificate is requested and can be submitted later. The sale is intended as an Asset-Deal, but a Share-Deal is not excluded. The property is already divided, seclusion and division are available.

About Reinickendorf, Berlin

The property is located in the popular district of Berlin Reinickendorf. Located in the green north-west of Berlin, the Reinickendorf district offers both idyllic rural and urban flair with excellent infrastructure. The property is in the southern part of the district, adjacent to the districts Wedding and Pankow, directly on the U8 underground line. Schools, doctors, parking spots and multiple shopping opportunities are in the neighborhood. Small parks, and the Schafersee are just located a few minutes away, offering lots of leisure activities. The connection to public transport is excellent. A bus station is just in the close neighborhood (bus line 120,122,125) and the u-Bahn station Franz-Neumann-Platz (U8) links the property to Gesundbrunner (s-Bahn, u-Bahn, db-Regio) and Alexanderplatz.

Property location is approximate. Please contact the agent for further details.

For more information about this property, please contact
Buy Berlin Investments GmbH, 1071 on +44 330 038 9613 * (local rate)

Contact Buy Berlin Investments GmbH about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Buy Berlin Investments GmbH, and do not constitute property particulars. Please contact Buy Berlin Investments GmbH for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.