REAL ESTATE FOR SALE (€ Euro 50,000)
Apartment for sale in Berlin Charlottenburg Charlottenburg-Wilmersdorf Germany

Ref: 000R0650


District: Charlottenburg-Wilmersdorf


Location: Charlottenburg


Top location in Charlottenburg, next to the well-known shopping road Kurfüstendamm (only 1km away) as well as the “Tiergarten”, this furnished studio is a great investment opportunity. The total living size of 33m² comprise a good-sized living area, bathroom, kitchen and an entrance hall. Please consider that some modernisation works are necessary in the future. The public transportation connections are excellent.


Specifications:

Apartment needs some modernisation works in the future. Partner companies could arrange these works for you.

Typical charm of Altbau (Old Building)

Good-sized living area

Corridor with storage space

District heating

Courtyard

Building is in well-kept condition

Top location in Charlottenburg - approx. 1km to Kurfürstendamm and near the Tiergarten.

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.

Studio – Fourth Floor - Apartment Specification

Rooms (Living Room/ Bedroom): 1

Living Size (approx.): 33.00m²

Year of Construction: 1918 (in well-kept condition)

Availability/ Move-in: Immediately / Please note: The unit is rented.

Yearly additional costs for landlords: approx. 1,700 € per year


Current gross rent: 3,600 € per year (9.09 € gross per m²)


Overall gross rent has been agreed with the tenant. All running costs have to be paid from the landlord, excepting electricity.


Net Yield*: 3.80% (yearly additional costs are considered)


From 50,000 €