Multifamily house near Zionskirchplatz significantly under-rented

General

Price: 1.650.000 €
Potential Rent per Year: 83.232 €
Total Area: 1.214 sqm
Reference Number: 1708

Property

The building accommodates 17 fully rented flats, which are provided with gas heatings. The building was refurbished in 1998. The average cold rent in the house per m2 is 5,70 EUR. Thus, the building is under-rented as the local cold rents are 8,00 to 11,00 Euro per m2.The building is located in a Sanierungsgebiet.

Location

The building is located in the very trendy area around the Zionskirchplatz in Berlin-Mitte. Public transport as well as local ameneties are in walking distance. The famous Kastanienallee and the Rosenthaler Platz is near by. The area is a good and decent residential are in terms of HVB Expertise 2007.

Other

Commission: 7.14% (incl. VAT) of purchase price to be paid by the buyer.