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Description The property is a historic building with classic facade, and comprises currently 2 commercial units and 3 apartments, all of which are tenanted with good rental contracts. The 2-story building was renovated around 2000, with apartment space being built in the attic. The general condition of the property is good, with a complete modernization having taken place during the renovation. The property extends far back, offering an opportunity to build approximately 400m2 of extra living space, giving the owner not only steady income from the existing building and tenants, but a development opportunity in an area with high demand. A plan to develop the property has been approved by the planning authorities. This allows the purchaser a unique chance to own a property with a good yield, while providing an excellent investment either through speculation on further increase in value in this increasingly popular area, or developing the additional apartments to sell for a good profit. Now is the time to become a freehold owner of a quality building in a historic section of Berlin. Location - Kopenick, Berlin The property is located on the main street of Berlin-Friedrichshagen, a quaint town on the periphery of Berlin next to the Muggelsee lake. It belongs to the larger district Kopenick, which has become popular with families and those looking to get out of the hustle and bustle of the inner city, Friedrichshagen has developed into a highly sought-after address for those looking for a more relaxed lifestyle next to the water. The building itself is a classic historic “Altbau,” built in 1874 on a street lined with historic buildings. This street, Bolschestrasse, runs as the “main street” through the town and is lined with cafes, restaurants, shops, and amenities. This street ends at the famous Muggelsee lake, which is popular location for Berliners to swim and sail during the warmer summer months. The access to public transport is excellent, with a main tram line running in front of the property. This connects the town with the S-Bahn station Friedrichshagen, which allows for easy access to the inner city, as well as the new Berlin international airport (currently under construction).
CountryGermany
RegionBerlin - Berlin
Property IDF4E388A3698E55EB77C6F0842598D2E0
CategoryResidential For Sale
Address 1
Address 2
Postcode12587
Price1,350,000 EUR
ReferenceBB170
TypeBlock Of Apartments
TenureFreehold
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Sleeps0
Furnished- unknown -
Floor Size654.00 sq meters
Plot Size0.00 sq meters
Feature 1Built: 1874
Feature 2RentYield: 4.78%
Feature 3Status: Tenanted
Feature 4
Map
Information
Virtual Tourhttp://propertytube.com/gb/xml2uProperty/F4E388A3698E55EB77C6F0842598D2E0