REAL ESTATE FOR SALE (€ Euro 87,000)
Apartment for sale in Berlin Wilmersdorf Charlottenburg-Wilmersdorf Germany

Ref: 000R0628


District: Charlottenburg-Wilmersdorf


Location: Wilmersdorf


Top location… this studio (40m²) is situated in direct neighbourhood to the Olivaer Platz with its first-class restaurants and bars and the well-known shopping road Kurfürstendamm – don’t miss this investment opportunity. The big light-flooded living area/ bedroom offers a convenient size. Use this flat as your holiday home, rent it out to holiday makers or permanently to a single tenant– you can be sure that this unit will never be vacant…


Specifications:

Apartment is in very good condition – completely renovated

Bathroom with shower – new sanitary installations

New flooring: Laminate and tiles

Central heating

Separate storage room in the cellar

Building is in good condition

Top location in Wilmersdorf – in direct neighbourhood to the Olivaer Platz and the well-known Kurfürstendamm (only 200 metres).

Payment:


100% after signing of the notarial purchase contract; Resale Property.


Wilmersdorf:


Wilmersdorf is a quiet region in the south west of the city, driving through the district you will easily realize that most of the inhabitants are well-off. More exclusive is of course the residential area Grunewald, which partly also belongs to Wilmersdorf. Characteristic for Wilmersdorf are the representative buildings in Wilhelmine style and the Grunewald forest. In the west of Wilmersdorf you can leave the inner city in order to come to the Grunewald with its recreation opportunities and natural areas. The most important women's tennis tournament, the German Open, are held in the stadium at the lake Hundekehlesee. Here, in the middle of the forest on a hill at the river Havel, the Grunewald tower (56m high) offers a spectacular view over the Havel lakes and to Potsdam. North of the Grunewald you can find the Teufelsberg hill, which was heaped up from wreckage after World War 2. Its 110 meters makes it one of the highest hills around Berlin.


Berlin:


The capital of Germany is dynamic, cosmopolitan and creative, allowing for every kind of lifestyle. East meets West in the metropolis at the heart of a changing Europe.
After experiencing a staggering drop in housing prices since the early 90s, Berlin’s property market is springing back to life. No other property market in Europe offers such undervalued property prices and a solid rental market.


Rental Potential:

The trend goes to properties which are situated in medium/good locations near the town centre.

Berlin: 88% of the habitants are renting properties - 12% are property owners.

Germany has a strong rental culture and tenants tend to live in a property for many years. Therefore, they treat rented property as if it was their own, and this works to the advantages of the owner. Property is let without furniture so tenants must provide their own. This situation might seem a good prospect for investors looking for regular income while they wait for their property to appreciate.

Studio – First Floor - Apartment Specification

Rooms (Living Room/ Bedroom): 1

Living Size (approx.): 40.11m²

Year of Construction: 1977 (in well-kept condition)

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 520 € per year (no allocatable overheads)


Allocatable overheads like yearly building insurance, housekeeping etc. are going on top of the basic rent and has to be paid by the tenants: approx. 1,040 € per year


Expected basic rent: 4,813 € per year (10.00 € per m²)


Net Yield: 4.93% (yearly additional costs are considered)


From 87,000 €