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  • 1
  • Berlin
Price £732,237
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Property Description

We have available for sale a package of 21 tenanted apartments and 8 tenanted garages. The properties date from 1970 and range between two and four rooms (48 - 74m2) over four floors. The total floor area is 1121m2. The apartments have central heating and balconies.

This property portfolio delivers an annual net rental income of 35,759 euros which equates to a yield of 3.89% From April 2012 the rent will increase and deliver a yield of 5.06%.

The portfolio is located in the well established residential area of Reinickendorf. This area has suffered over the years with its proximity to Tegel Airport. However, with the opening of the new Brandenburg Berlin International airport then Tegel will close. At this time we expect there to be a correction in local property prices.

The properties are well served with rail options as the nearest underground station (Scharnweberstrasse) is 700 metres and S bahn station (Eichborndamm) is also 700 metres. Nearby also is access to the Berlin inner ring road.

An interesting investment opportunity...........

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