Locations Estate Agent 29 Wellington Quay, Temple Bar, Dublin, 2 http://www.locations.ie
Apartment - For Sale - Berlin, Berlin, Germany

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Ref: 776099	€30,800


Berlin, Berlin, Germany

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Bathrooms: 1

BARGAIN PRICED STUDIO WITH 6% YIELD

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 modernised in 1954. The apartment has central heating and a balcony. The bathroom has recently been refurbished.

The studio delivers an annual net rental income of 1848 euros which equates to a healthy 6% yield.

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 Berlins new international airport in 2011. Our belief is that this property will then have an enhanced value. One to tuck away!

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Disclaimer:

A. All information is given in good faith and is believed to be correct. However, the developers or their agents shall not be held liable for inaccuracies. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them.

B. These particulars do not constitute an offer or contract or any part thereof.

C. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail.

D. Plans and maps are not to scale and measurements are approximate.
Intending purchasers must satisfy themselves as to the accuracy of the details given to them either verbally or as part of these web brochures.

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