Pfarrstr

Friedrichshain, Berlin, Germany

Status	Available
Price From	989,000  EUR

 

About the Development

BERLIN DEVELOPMENT HOT- SPOT!!

This beautiful and elegant, apartment house is located in Friedrichshain in an area currently attracting over 400 M Euros of investment through Deutsche Bahn. This attractive and increasingly desirable area will be the subject of substantial regeneration over the next few years.

City: Berlin
Area: Friedrichshain
Street: Pfarrstr.
Tenanted: yes
Yield: 6.3 %
Type: Apartment Block
Size: 1005 m²
Price from: 989,000 €

This magnificent, corner building is in the process of a complete refurbishment. The apartment house comprises of 8 residential (825m²) and 2 commercial (180m²) units with a total floor area of 1005m². The house dates back to 1900 and is being sold at less than 1000 Euros per m². Each apartment is being lavishly modernized to include a luxury bathroom; traditional wood strip flooring and gas central heating.

The area of Friedrichshain offers a substantial level of local leisure facilities and amenities whether in the restaurants and cafes of Boxhagener Strasse; the local weekend markets; the nearby riverside areas or the new development area around the railway station (Ostkreuz) which lies approx 500 metres distant.

This property investment offers substantial capital growth potential. Expected yield from this property is 6.3% with a number of rental contracts already in place. The new rental contracts are being negotiated to reflect the on-going modernization. Due to the disruption of this refurbishment process the current owner is offering a rental guarantee. This is an extraordinary opportunity........