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

Interested in this property?
Why not requesting more information?

It's:
  • free
  • secure
  • obligation-free
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 (£1623550 | $2652400)*

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



Books

Living and Working in Germany: A Survival Handbook
by Nick Daws - £9.34
Living and Working in Germany
by Nick Daws - £12.95
Live and Work in Germany
by Victoria Pybus - £1945.0
Living & Working in Germany: Settle in Quickly and Get the Most Out of Your Stay
by Nessa Loewenthal - £0.92
Live and Work in Germany (Live & Work S.)
by Victoria Pybus - £6.50