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Redeveloped Apartments Property in..Redeveloped Apartments Property in.. - 2

Redeveloped Apartments Property in..

Location Germany › Berlin Date Added: 27.06.2015 at 13:50 Expiration Date: 27.06.2031 at 13:02 Page Views: 164 Listing ID 385743

Technical data

Purpose
Sale
Year of Construction
1910
Size of Property
3.674 m²

Description

This historical building was built in 1910 and completely redeveloped in 2008/2009. It won't be necessary to add further maintenance investments in the future.

The refurbishment measures were extensive:

* Full building insulation
* New roof with new construction,
* New tiles on various floors
* Installation of news windows according to the German law of energy saving (EnEV)
* Floor plan optimization
* New telephone and TV connections
* Addition to garden side balconies
* Elevatori installed

Highlights:

* Units: 44 apartments, 1 commercial unit
* Apartment sizes: 45-144 m2
* Total rentable area (approx.): 3.674 m2
* Annual basic rent: 304.800 EU p.a.
* Plot size (approx): 1.721 m2
* Buying factor (approx): times 17.71
* Yield (approx): 5.64% p.a.
* Purchase Price: 5.400.000.00 Eu plus 7.14% Commission ( 1470 Eu m2)

Location

Since the Berlin's 2001 administrative reform Weissensee is part of the Pankow district. The area is Named after the small lake Weisser See (White Lake). People who move here are lookinig for a balanced life between urban life and nature . This area is surrounded by historical architecture villas, parks and recreational activities space.

Commission

The local commission of 7.14% (including VAT) is payable upon notarization.

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