REAL ESTATE FOR SALE (€ Euro 50,000)
Apartment for sale in Berlin Schoneberg Tempelhof Germany

Ref: 000R0649


District: Tempelhof-Schöneberg


Location: Tempelhof


Great investment opportunity – Studio in very good condition in the Tempelhof-Schöneberg district… this unit offers a living size of approx. 47m² and includes a fully fitted kitchen. The nearness to the nice bars and restaurants of this region, the recreational areas as well as the trendy and fashionable Kreuzberg district (4km) makes this offer so unique. The public transportation connections are excellent.


Specifications:

Apartment is in very good condition; completely renovated one year ago

Fully fitted kitchen

Corridor with built-in wardrobe

Flooring: Laminate in the living room and corridor

New electrical installations

Electric shutters for the living room

Separate storage room in the cellar

Balcony and parking space

Refurbishment of the roof and façade is only 3 years ago; building is in well-kept condition

Medium-Good location in Tempelhof-Schöneberg - approx. 7.0km to Potsdamer Platz, Friedrichstrasse and Brandenburger Tor; approx. 4km to the trendy and fashionable Kreuzberg district

Payment:


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


Tempelhof-Schöneberg:


Since 2001 these two former district were merged. Tempelhof is a living district for families. The northern part is mainly occupied by the airport Tempelhof which is due to close in 2007. Schöneberg is younger, borders to the City West and East. It hosts several nice restaurants and bars.

Winterfeldmarkt Markets on thurdays and saturdays are popular with locals. Buy a coffee or have breakfast, this is a place to watch people and being watched. Breakfast is served usually until 2-3pm

Viktoria Luise Platz U-Bahnstation U4 with remarkable old houses and in the nights good restaurants and bars around

Akazien-/Goltzstrasse Restaurants, bars, cafes from afghan to nepalese and thai

Goya Historic building opposite Nollendorfplatz. Originally theater with remarkable changes of owners and users. Was a club and bar but is closed due to bankruptcy

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 – Raised Ground Floor - Apartment Specification

Rooms (Living Room/ Bedroom): 1

Living Size (approx.): 47.00m²

Balcony: Yes

Parking Space: Yes

Year of Construction: 1960 (in well-kept condition)

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 612 € per year (no allocatable overheads)


Heating costs and 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. 1,224 € per year


Expected basic rent according to Berlin’s rent table: 2,736 € per year (4.85 € per m²)


Net Yield: 4.25% (yearly additional costs are considered)


From 50,000 €