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  • Berlin
Price £5,889,734
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Property Description

This property has a classic Berlin layout with side wings and frontage surrounding a generous and well-maintained inner courtyard area.
A mixed commercial and residential investment opportunity producing 5% yield which equates an income of â?¬ 372.955 per annum. The actual rental income can be increase up to 5,5%.

This wonderful five storey building with the beautiful Kleistpark just around the corner date back to 1900. The residential floor total area is 2,801m² and comprise 37 residential units (one of them is vacant) , the commercial area is 2,254 m² and includes 6 units (also one vacant unit).

This apartment block is well located for transport: local Bus, underground and trains are nearby.

This property is on one of the busiest streets in Schoneberg with numerous shops and restaurants in the neighborhood, the local amenities are around the corner.

Schoeneberg is a diverse and lively district which keeps attracting investors. The cosmopolitan style and range of night life has created a significant demand for property in this area.

Please note that commission of 7.14% inclusive of tax is not included in the purchase price.

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