Real Estate Property Synopsis
Apartment Block (Residential only) for sale in Berlin, Germany: Apartment Complex consisting of 55 flats with good annual yield near Berlin

FOR SALE

Apartment Complex consisting of 55 flats with good annual yield near Berlin

Berlin, Germany

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To view up-to-date information about this real estate property listing, please visit
www.estates24.com
and enter

DE.9273.21

into the property reference number search box.
Price:  €1900000 (£1613860 | $2402740)*

Reference No: DE.9273.21

No. Apartments / Flats: 55
Ownership Type: Freehold
Property Category: Apartment Block (Residential only)

Property Size Information:

Living Area: 3212.85sqm ( 34583.76sqft)
Plot Size: 5000.00sqm ( 53821.00sqft; 1.24acres; 0.50hectare)

Basic Location:  
Near the capital, In Town, Near historic place

Nearest Town: Berlin (60km,37.3mi)

Property Brief

The property is comprised of two buildings with a total of 3212.85 sqm residential area, divided into 55 apartments (5 currently vacant). At full tenancy, the apartment complex yields 9.1% per year and the annual rental net income is 173,493.36 € (4.50 € / sqm). Repair costs are very low due to the recent refurbishment of both buildings.

Each of the buildings were modernized and refurbished in 2001 - 2002 and included renewing the roofs, windows, facades, hallways, stairways and modernizing twenty apartments.

The property is located in Jüterbog, Germany – 45 minutes from the federal capital Berlin. It is situated close to two lakes and just a five minutes walk to the town centre with local shopping amenities.


If you wish to receive more information about this investment property or arrange an appointment or viewing, please contact:


United Kingdom & Worldwide:

Markus Abraham
Phone: 0044 20 8540 6905
Mobile: 0044 7815 061 750


Germany:

Alexander Iwanow
Phone: 0049 30 32 60 27 86

Extras
Central Heating, Double Glazed Windows

Real Estate Agency:
Estates24 Ltd

Contact Details:
Estates24 Ltd
106 Covelees Wall, London, E6 6WF
Phone: +44 (20) 7476 5799



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