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French leaseback property

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Very high yield in good Schoneberg location

main development picture from berlin property
The building
8 more photos 

Grunewaldstr
Germany,Schoneberg ,Berlin

31 sqm studio - 34,500 EUR
Tenant paying 285 cold per month
1st floor of 5

Commission : 3000

Year of construction : 1968
Year of renovation : 2009
Price per sqm : 1112
Cold rent yield 9.90 %

Status: Not available

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This studio apartment is on the first floor of a five storey, modern apartment house in Schoeneberg. The property, built in 1968, offers a fitted kitchen, central heating, tiled bathroom, cable tv, intercom with door opener, telephone and a balcony. There is additional storage space (2 wardrobes) in the hallway. The basement includes a storeroom and community laundry. The block has been well maintained and no repairs are required. The facade on the balcony side will be restored in 2009 and the 1st installment for this has already been paid from the maintenance kitty. The block manager lives in the same building which is a good thing. There is a balanced mix of owners and renters in the building which is a reflection of the attractiveness of the location.

It is well located. The nearest underground station (Bayerische Platz) is just across the road (see picture). The immediate neighborhood has many shops, restaurants and cafes.