Ref: PV406 - Apartment in Reinickendorf

	Price: 99,000€
	Type: Apartments
	City: Berlin
	Potential Yield: 8.2%
	Approx. Size: 82 sqm

This is a residential offer of 1 apartment situated on the top floor within a period apartment containing multiple dwellings. The apartment block is situated in the district of Reinickendorf, a very popular area to the North West of Berlin city centre. The area is characterised by its balance of greenery and open spaces with an urban feel and convenient transport links to the city. The apartment has been occupied by its current tenants since June 2007.

The property lies in an area which is very well-supported for residential dwelling and has an extremely stable current tenancy list with less than 1% vacancy in the area. Tenants in this area of the district have higher than average purchasing power, making the average amount they spend on rent some of lowest in Berlin. With the property fully renovated to a good standard, the potential lies in an increase in the rental level over the medium term to move rents nearer to the current market level throughout the district.

Tenants in this area of the district have higher than average purchasing power, making the average amount they spend on rent some of lowest in Berlin. Back to property list.