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French leaseback property

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Lovely apartment in beautiful street Prenzlauer Berg

main development picture from berlin property
Chodowiekistraße
8 more photos 

Chodowiekistraße
Germany,Prenzlauer Berg ,Berlin

64 sqm - 145000 EUR
Currently let at 448 EUR (cold)
Estimate re-let (with this sale) at 580 EUR (cold)
Mgt and maintenance fee = 27 EUR per month
Note cold rent yield based on 580 EUR per month

Commission : 4% + VAT

Year of construction : 1908
Year of renovation : 2003
Price per sqm : 2265
Cold rent yield 4.80 %

Status: Not available

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A beautiful residential street in the Winswith predominantly restored original buildings, no through traffic but well connected with local bus and tram services in all directions, and by foot just 4-5 minutes from the celebrated Kollwitzplatz. A 10 minute walk leads to the vast Friedrichshain Park. Supermarket, cafés, boutiques, bars and restaurants abound, all in close proximity and without compromising the calmness of the street. The 1908 building is elegant and in excellent condition, the owners (who own most of the building) also live in it which is a good reassurance of high maintenance standards.

The apartment is on the 1st floor of 5. It has been sympathetically renovated; delightful old doorways and moulds on ceilings remain, but at the same time fully modernised (the red walls in the photo are to be removed to leave pure white - rental ready). Flooring is of good quality treated wooden boards throughout with white tiling in the bathroom. Heating is by individual gas system (more economical than usual block heating system). The kitchen (see photo) is built-in. Cooker is to be left behind. Bathroom is tiled in white with bathtub. The ugly shower screen in photo is to be removed. It has a south facing balcony. The bicycle and refuse cellar are accessed from the street leaving courtyard uncluttered.