Berlin - Spandau
Askanierring

This former family house was built in 1931 and now comprises of nine apartments (610m2). All but one have a balcony and recent modernization has included new windows; façade; updated central heating and new roof. The property is in excellent order on a plot size of 338m2. The nine apartments (only one is currently empty) produce a rental income in excess of 26,000€ per annum which would exceed 32,700€ when all are occupied ( current yield 5.2% , anticipated yield 6.4%).

This apartment house is located in Spandau, Berlin, a traditional residential area west of central Berlin which is noted for the abundance of lakes and rivers in the area. Spandau is well connected by rail services across Berlin and is only a 15-20 minute drive to central Berlin.

The purchase price excludes commission at 7.14% including tax.