Apartment Block Property for sale, Friedrichshain, Berlin

Apartment Block Property for sale, Friedrichshain, Berlin. Tenanted property making it a perfect investment. Located in an excellent area with resturants and trendy bars. Boxhagenerplatz in Friedrichshain has become one of the most desirable areas of Berlin. The area has recently become an attractive option for people seeking restaurants and shops and is a hot-spot for entertainment. The area is very much in demand from buyers and tenants alike with the potential for strong capital and rental growth in the years ahead.

This residential and commercial mix building dates back to the turn of the century. The property was extensively modernised in 1999 to include gas central heating and a refurbished façade. The building is of five stories, with a cellar, and comprises of 2 commercial and 16 residential units on a plot size of 879m2. The total floor area is 1060m2 split into 175m2 of commercial and 885m2 of residential. There is currently 1 residential and 1 commercial unit empty otherwise the units are tenanted. Rental income exceeds 65,000 euros per annum producing a 5% yield.

The property price excludes commission at 7.14% including tax

• Region: View All "Friedrichshain Kreuzberg Apartments"
• Country: View All "Germany Apartments"
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