REAL ESTATE FOR SALE (€ Euro 65,000)
Apartment for sale in Berlin Charlottenburg Charlottenburg-Wilmersdorf Germany

Ref: 000R0630


District: Charlottenburg-Wilmersdorf


Location: Charlottenburg


Great location… this 1 bedroom apartment is situated in Berlin’s most popular residential area Charlottenburg, in a quiet back road next to the lake “Lietzensee” and the Castle Charlottenburg. The unit offers a living size of approx. 50m² and is in well-kept condition. The well-known Kurfürstendamm is only 2.5km away. The public transportation connections are excellent. Don’t miss this investment opportunity!


Specifications:

Apartment is in good condition

Completely renovated kitchen incl. new fridge, electric kitchen stove and washing machine

Typical charm of Altbau (Old Building): Stucco and timber floor board

Light-flooded rooms

District heating

Lovely green courtyard

Separate storage room in the cellar

Building is in well-kept condition

Very good location in Charlottenburg - approx. 2.5km to Kurfürstendamm; in direct neighbourhood to Castle Charlottenburg and Lietzensee.

Payment:


100% after signing of the notarial purchase contract.


Charlottenburg:


Charlottenburg is situated north of the famous Kurfürstendamm, one of Berlin's major shopping areas that developed in the West during the years that Berlin was divided. Charlottenburg is together with Zehlendorf the wealthiest part of Berlin as well as the most popular residential location. The region has a number of famous landmarks, perhaps the best known being Schloss Charlottenburg, an elegant palace commissioned in 1695 by Queen Sophie Charlotte.


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.

One Bedroom Apartment – First Floor - Apartment Specification

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 50.00m²

Year of Construction: 1898 (in well-kept condition)

Availability/ Move-in: Immediately / Please note: Flat is rented out. Rental agreement starts on 1st June 2008

Yearly additional costs for landlords: approx. 1,909 € per year


Gross rent: 6,360 € per year (10.60 € gross per m²)


Overall gross rent has been agreed with the tenant. All running costs have to be paid from the landlord (incl. a lump-sum for electricity of 360 Euro per year).


Net Yield: 6.85% (yearly additional costs are considered)


From 65,000 €