Fully rented mixed-use property near new Berlin International Airport
Price: 660,000 euros
Gross yield: ca 6.9%
This small but distinguished building, constructed in 1900 and thoroughly renovated in 2002, is in very good condition. It is well situated at an intersection, in Altglienicke, an old town in Berlin's south-east, near both the new Berlin-Brandenburg International Airport (BBI), which is scheduled to open in June 2012, and the important Adlershof City of Science, Technology and Media (WISTA).
The property has a healthy mix of rental area types and the largely still unimproved attic space -- equal to more than 20% of the current rental area -- has clear potential for income growth.
Leasable floor area (approximate):
Medical practice space: 215 m²
Retail: 101 m²
Residential: 82 m²
Office: 112 m²
Total: 512 m² (excluding attic)
Attic (currently unimproved and not rented): ca. 120 m²
Current net annual rental income: ca. 46,000 euros
See where it is on Google Maps


