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French leaseback property

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Apartment in new buidling excellent location

main development picture from berlin property
Front of building
5 more photos 

Weinbergsweg
Germany,Mitte ,Berlin

large studio - 40.9 sqm - 59,000 EUR
3rd floor
apartment in building being offered for 3597 EUR per sqm
Tenanted since May 2007
Bank reposession

Commission : 4.5

Year of construction : 1999
Year of renovation :
Price per sqm : 1442
Cold rent yield6.37 %

Status: Sold

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Weinbergsweg strasse is located in Berlin's inner-city, situated within a residential area, near the public park Weinberg, and can be reached conveniently via public transportation system. Within walking distance you will find the Subway Station Rosenthaler Platz, various cable car-lines, as well as the famous shopping sites Alexanderplatz, Friedrichstraße and Unter den Linden. Hackescher Markt and Oranienburgerstraßeis are also quickly reached by foot. Excellent shopping and diverse culinary and cultural infrastructure characterize the neighborhood.

The block is approximately 881,00 m² in area. In 1999 the house was extensively refurbished, adding an additional wing to the building and creating a total of 36 residential and 4 commercial units with an adjoining garden. A central heating system supplies the building with heat and warm water.

This is a Studio-Apartment with kitchenette, bath, hallway and balcony located on the 3rd Floor (Side wing). A rental contract was concluded in May 2007. On paper this looks like an absolute bargain.