Scharnweberstr.

Reinickendorf, Berlin, Germany

Status	Available
Asking Price	30,800  EUR

 

About the Development

Bargain Priced Studio With 6% yield.

Type: Apartment

State: Berlin

City: Berlin

Area: Reinickendorf

Street: Scharnweberstr.

Tenanted: yes

Rooms: 1

Size: 43 m²

Baths: 1

Yield: 6 %

We have available a large, tenanted studio apartment on the first floor in the front of this apartment house in Reinickendorf. The five storey property was built in 1911 and subsequently modernized in 1954. The apartment has central heating and a balcony. The bathroom has recently been refurbished.

The studio has an underground station (Kurt-Schumacher-Platz) only 300 metres away. In addition there is local access to the Berlin inner ring road.

The property has a bargain price of only 716 Euros per m² which probably relates to the property being close to Tegel airport. However, Tegel will close with the opening of Berlin’s new international airport in 2011. Our belief is that this property will then have an enhanced value. One to tuck away!