Excellent Investment Opportunity In Beautiful Old Building

€ 209,825

Property Specification

Ref: BB476.20
Price per m²: € 3,500
Size: 60m²
Rooms: 2
Bedrooms: 1
Bathrooms: 1
Type: Apartment
Status: Tenanted
Rent Yield: 2.2%
Year Built: 1912

1 Bedroom Apartment in Pankow

Description

The apartment is currently rented out to a long-term tenant. The yield is 2.2% and with the price at 3.500,00€ per square metre, the upside potential for this could reach 6.000,00€ and is easily achievable when the apartment is vacant. The division of the building took place in 2015 at this point a refurbishment took place. The façade is beautiful with many decorative features and in an excellent condition. The apartment is made up of three main rooms and a separate bathroom. The south facing balcony makes the perfect place to enjoy an evening meal or somewhere to relax and read a book.

About Pankow, Berlin

In the south of Pankow just beyond the S-Bahn Ring in a trendy vibrant neighbourhood is where you will find Driesener Str. The area is popular with young professionals and young families. On route from the S-Bahn line Schönhauser, part of the ring Bahn, you will find a shopping centre, many restaurants, Cafes, Bars and Supermarket’s. Transport from this location is easy with the U2, S41/42 Ring Bahn, S85 and S8 train lines. The Tram line M1 and Bus routes M1, N2 and S42 also stop here. Alexanderplatz is a short journey away via the U2 line where you will find the Alexa & Galleria Shopping centres. Cinemas, Bowling, Comedy Clubs and Beer Gardens are also very close by and with all this combined the area has become one of the most sought after in recent years. On Sundays the local residence flock to Mauer park for flea markets, karaoke and other continuously changing entertainment.