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| Property Type: Investment Property |
Property Site: City / Village |
| Country: GERMANY |
City: |
| Zip Code: |
Region: Berlin |
| Address: |
Vacation Property (for rent): No |
| Construction Year: |
Surface Area: 1694 |
| Bedrooms: 0 |
Bathrooms: 22 |
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Very special Italian region ; the Italian Riviera is one of the most wonderful places to buy real estate : there are
hills and sea, so you can livein the hills and go to sea when you like .
 RODELBERGWEG
Germany, Berlin,
Commercial 1872m² €802,200
EXPECTED RENTAL INCOME UP TO: 7.44
Perfect investment in an impressive turn-of-the-century, typical old Berlin style corner building in need of renovation. High yields are expected as this district has developed into one of the trendiest in the city. Convenient public transport connections make it easy to travel to all parts of Berlin from this location.
In the immediate vicinity you'll find everything to fulfill your needs: from all the shopping you can handle, to the large Treptower Park with its Bridge of Hearts guiding you to the Insel der Jugend (Island of Youth): a popular one-hectare island offering an open-air theater and swimming. Following the 1896 construction of a monastery styled restaurant, the island was dubbed "Abbey Island". In 1919, the island was connected to neighboring Treptow Park with an elegant, twin-towered steel and concrete bridge. In 1949, the buildings on the island were transformed into a youth club house, hence the current name. The beer garden Zenner, an old Berlin tradition, and mooring for Berlin’s water planes are to be found nearby.
This building is also in the vicinity of one of the largest Soviet Memorial soldier cemeteries in Germany, created in 1947. The mid-axis of the symmetrical park is lined with sculptures, memorials and commemorative plaques running towards the 11 meter-high bronze statue of a Soviet soldier, who has destroyed the swastika and holds a child on his arm
Price and Size Range: total commercial space 178 m², total living space 1694 m², exterior space 1068 m².
Price for buildings is 802 200 EUR
Building Description: Building to be sold in its entirety (commercial purchase)
22 flats – 10 vacant
1 commercial unit, 1 vacant
The building absolutely needs to be renovated
All flats with bathroom
Built 1910
Renovation: estimated costs for renovation: 500 EUR / m² = 936 000,00 EUR for standard renovation, lenght of
renovation approximately 6 month
Number of Units: Residence comprising 22 apartments and 1 commercial unit
Nearest Airport: Berlin-Schoenefeld (SXF) (5 stations only with the S-Bahn and also 15 minutes by car)
Parking: no parking, on the street only
New/Old property: Existing property (closing fees approximately 5.0)
THE LEASE
Forecasted Rental Income: 7,44 after renovation
Occupation Possibilities: 10 units are vacant, 1 commercial unit is vacant
Renter Base (Lessees): 10 units are vacant, 1 commercial unit is vacant
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| Furnished: |
No |
Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
No |
Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
No |
Gym/Sauna: |
No |
Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
No |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
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Garden: |
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Parking: |
| Private: | No | | Public: |  |
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