Germany Apartments | 848-FLB FBVP1165 | Spandau Apartments

848-FLB FBVP1165
Builder: Provided by TheMoveChannel.com
Address:
Region: Spandau
Location:
Country: Germany

Type:
Investment: No
Stories: N/A
Units: N/A
Bath: 1
Bedrooms:

Condo Type: Apartments
Unit Size: Contact Builder
Price: $1,087,768
Phase:
Leaseback: No

Sales Phone: Click to View

Sales Phone:

Completion Date:

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Property Description

Apartment Block Property for sale, Spandau, Berlin

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.

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