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French leaseback property

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Lovely Pankow apartment

main development picture from berlin property
Living Room
8 more photos 

Heinrich Mann Strasse
Germany,Pankow ,Berlin

3 rooms - 85 sqm - 165,000 EUR
Cold rent was 682 EUR - now owner occupied
Parking space an additional 5000 EUR

Commission : 4%

Year of construction : 1900
Year of renovation : 1997
Price per sqm : 1941
Cold rent yield 4.70 %

Status: Available

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The apartment is located in Niederschönhausen which is a highly desirable part of Prenzlauer Berg and which is tipped to benefit from strong capital appreciation. We have viewed this apartment ourselves, it is quite an excellent apartment complete with modern kitchen. The existing owners originally lived in it therefore the quality of workmanship and finish is very good, the existing tenants are moved out on the 21st July 2007 abd the owners are living there again.

The dwelling is on the second floor of an old building. The building was fully renovated in 1997 - complete rewiring, plumbing, exterior and floorboards.

The road and transport infrastructure are both excellent: The Bus and streetcar are in direct proximity of the house. This area was formally where a lot of the embasseys of the former GDR were located and is typically leafy with beautiful parks nearby.

The apartment is one of 8 dwellings in the one block with a majority of owner / occupiers (this is another indicator of a property being desirable)