Property for sale in Berlin, Germany

7,14 % v. Netto-VKPreis (incl.

MwSt)
General
Price: 700.000 €
Potential Rent per Year: 46.

903 €
No of Commercial Units 2
Total Area: 1.091 sqm
Reference Number: 1600
Property
The property consists of two free-standing buildings with 17 residential and 2 commercial units.

Facades, windows, stairs and all supply lines got repaired or replaced. The residential units have gas heating.

The front building holds loggias and balconies. 2 of the 17 residential units are currently empty (front building, 1st floor and 2nd floor).

The property will be transferred, fully leased. Developing the roof storey will offer further potential as well as increasing the rents of actual only 4.

12 €/sqm, on average, what is below the rental level in this area. The commercial tenant in the ground floor of the front building (Textile care) has signed a 5-years lease contract.

Commission: 7.14 % incl.

VAT
Location
The building is located in the district of Berlin-Reinickendorf - a bourgeois residential area. The crossing urban motorway, the Tegel Airport, public transportation (subway station Kurt-Schumacher-Platz in 300m distance) and the near northern Berliner Ring guarantee the best transport links.

The property is situated in a well-groomed side street and is tapped from two sides.
Other
Commission: 7.

14% (incl. VAT) of purchase price to be paid by the buyer.