REAL ESTATE FOR SALE (€ Euro 55,000)
Apartment for sale in Berlin Charlottenburg Charlottenburg-Wilmersdorf Germany

Ref: 000R0630


District: Charlottenburg-Wilmersdorf


Location: Charlottenburg


Great location… these two apartments are situated in Berlin’s most popular residential area Charlottenburg, in a quiet back road next to the lake “Lietzensee” and the Castle Charlottenburg. The well-known Kurfürstendamm is only 2.5km away. The public transportation connections are excellent.


Property 1: The tenanted unit offers a living size of approx. 50m² and is in well-kept condition. It comprises a living room, bedroom, fitted kitchen, bathroom with shower and a corridor.


Property 2: This vacant studio with its 36m² features a living area, good-sized kitchen, bathroom with shower and a corridor.


Don’t miss this investment opportunity!


Specifications Property 1:

Apartment is in good condition

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

Bathroom with shower

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

Separate storage room in the cellar

Specifications Property 2:

Apartment is in good condition

Good-sized eat-in kitchen

Bathroom with shower

Typical charm of Altbau (Old Building) – Flooring: Timber floor board

Separate storage room in the cellar

Building:

District heating

Double glazed windows

Lovely green courtyard

Building is in well-kept condition – renovated in 1997/1998. Stairwells as well as the roof have been renovated a few years ago.

Very good location in Charlottenburg - approx. 2.5km to Kurfürstendamm; in direct neighbourhood to Castle Charlottenburg and Lietzensee. Only a few minutes away from the trendy “Stuttgarter Platz” as well as the Technical University.

Payment:


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


Property Type 1: One Bedroom Apartment – First Floor– Rear Building

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 50.00m²

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

Availability/ Move-in: Sale – Immediately / Please note: Flat is rented out. Rental agreement started on 1st June 2008 (limited rental agreement).

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 €


Property Type 2: Studio – Third Floor – Front Facing Building

Rooms (Living/Dining Room and Bedroom): 1

Living Size (approx.): 36.00m²

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

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 512 € 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. 1,024 € per year.


Expected basic rent: 3,024 € per year (7.00 € per m²)


Net Yield*: 4.57% (yearly additional costs are considered)


From 55,000 €