2 Bedroom Apartment in Charlottenburg

€ 474,192

Property Specification

Ref: BB423.5
Price per m²: € 4,450
Size: 107m²
Floor: 2
Bedrooms: 2
Bathrooms: 1
Type: Apartment
Status: Tenanted
Rent Yield: 1.3%%
Year Built: 1900

2 Bedroom Apartment in Charlottenburg

Description

This building impresses with its charming clinker-stucco façade. The building was built around 1900, a four-storey building with 8 apartments each 2-4 rooms and 2 commercial units. The property has a spacious, landscaped yard, which allows optimal exposure of the building. The house is in a well-maintained condition. All units are heated by gas central heating. In the staircase and in the apartments, the old building charm of the street facade continues. The Building will benefit from renovation including new facade, elevator and balconies installed. The attic is not built. In the past there was a building permit for the expansion of the roof and for the installation of a lift. This would have to be renewed. The heights of the apartment rents average € 4.05 / sqm which gives good upside potential for increase. At the moment an apartment on the 4th floor with 106 m² is empty. This opens the possibility to use it for self-use.

About Charlottenburg, Berlin

The main house is located in a very popular residential area in the north of Berlin-Charlottenburg. Those looking for a great investment and who wants to buy something for themselves, their children or grandchildren, this is a really good opportunity.The charming atmosphere of the location between Sophie-Charlotten-Straße and Schloss Strasse is characterized by the small cafes and shops and the good social mix with a high proportion of young families. Above all, the immediate proximity to the Charlottenburg Palace provides green space and leisurely walks along the Spree for recreation and relaxation. You and your children will feel comfortable here. - Immediate proximity to Charlottenburg Palace with castle garden- Central Station is about 15 minutes by car / Tegel Airport (TXL) in about 11 minutes by car / Schönefeld (SXF) in about 30 minutes- S-Bahn station Westend in about 4 minutes / bus station in about 2 minutes’ walk (and then the U7 Richard- Wagner-Platz station) / or the U2 Kaiserdamm station- Cafés, restaurants and the Kurfürstendamm are near by- Kindergartens, elementary schools, secondary schools nearby