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French leaseback property

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Attractive 1 bedroom property Prenzlauer Berg

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External view of building
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Danziger
Germany,Prenzlauer Berg ,Berlin

1 bedroom - 57,2 sqm - €97,000

Commission : 4% + VAT

Year of construction : 1890
Year of renovation : 1996
Price per sqm : 1695
Cold rent yield 4.60 %

Status: Not available

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Danziger Strasse 205 is located directly opposite the Park am Friedrichshain, a short walk from a Sports Centre. Local bars, cafés, restaurants and galleries lend a friendly neighbourhood atmosphere, and the property is excellently serviced by trams and buses.

The Front House was built in 1890, and renovated in 1996. The Side building, in which the appartment is located, was also built in 1996. This was fitted throughout with modern isolating windows. The property in general is in good condition. The appartment is, unlike many properties in Prenzlauer Berg, designed so that each room can be accessed from the main hallway. There are also two small storage areas within the flat. It is located on the first floor and is situated to catch daylight in the corner of the calm inner courtyard. The balcony is accessed through the living room. Bathroom and kitchen are modern and well-appointed and the flooring is wood laminate throughout, except in the tiled bathroom.

Currently the property is rented to quiet and tidy tenants, who are happy to stay, but who can also be given notice should this be necessary. Cold rent is currently 371,80 per month but a new tenant could reasonably be charged a higher rent to reflect the latest rental market. The existing tenant (if they stay) may also be subjected to a rent increase, in accordance with regulations.