Rental Yield: 4%
Two fully rented residential buildings of 23 apartments located in highly demanded districts of Berlin
Portfolio consisting of 2 residential apartment blocks with 23 apartments located in the popular residential areas of Spandau and Tempelhof. Both buildings are in good condition with new heating systems, balconies and parking spaces for tenants. The properties are very attractive to tenants as they have very good access to all public transport systems and all necessary amenities are in the direct vicinity of the properties.
Units: 23 apartments
Current rent: €122,354 (factor 24.5)
Rentable Sqm: 1,485 sqm
Avg price per Sqm: €2,019
Avg price per unit: €130,319
Mortgage included: Opt
A huge demand for apartments and an excellent price of 2,019€/sqm for apartment blocks in Berlin, shows a huge potential for the properties for upcoming years. The rental contracts include an automatic yearly increase of 2.5%. Due to the apartment shortage, there is a waiting list of tenants. Both districts are very popular with tenants and many big companies have their offices there such as Mercedes Benz, Siemens, Audi, IKEA and more.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 4%.
- FULLY MANAGED: German-based Property & Investment Management
Berlin Tempelhof district, just 20min drive from Alexanderplatz is best known for the decommissioned Tempelhof Airport, which is now a huge park with picnic areas, communal gardens and preserved runways attracting runners and cyclists. Spandau is well known in Berlin due to numerous lakes and canals surrounded by green parks and old town.
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