REAL ESTATE FOR SALE (€ Euro 30,000)
Apartment for sale in Berlin Tiergarten Moabit Berlin-Mitte Germany

Ref: 000R0652


District: Berlin-Mitte


Location: Tiergarten/ Moabit


Located in the upcoming Tiergarten area in the district Mitte, this rented studio offers a great investment opportunity (Price of 685 Euro per m²!). Here your tenant can enjoy the typical charm of “Altbau” (Old Building) with its high ceilings. The area is well known for its Wilhelminian style buildings. The district contains the historical heart of Berlin and represents in many ways the real centre of the city. Most of the main sights are located within the Mitte district, as are most of the political institutions and also many media companies.


Specifications:

Typical charm of “Altbau” (Old Building) with high ceilings

Apartment is in good condition – renovation works are not necessary

Flooring: Timber floor board in the living room/ bedroom; Tiles in the kitchen and bath

Separate storage room in the cellar

Electric powered boiler for warm water

District Heating

Refurbishment of the building in the last years (well-kept condition)

Medium-good location in the upcoming Tiergarten/ Moabit region (district “Mitte”); near main station (2.5km), Castle Bellevue (2.5km), The Reichstag (3.5km) and Kurfürstendamm (4km). Location with great potential!

Payment:


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


Moabit/ Tiergarten:


With the fall of the Berlin Wall, Moabit's location has changed from a border district of West Berlin to a central district in the reunited city. Due to its proximity to the new Government District, many new buildings are being built there, such as for example the Ministry of Internal Affairs. Tiergarten (German for Animal Garden) is the name of both a large park in Berlin and a neighbourhood within the borough of the district Berlin-Mitte.
The Berlin Mitte district contains the historical heart of Berlin and represents in many ways the real center of the city. Most of the main sights are located within the Mitte district, as are most of the political institutions and also many media companies. The area around “Unter den Linden” is Berlin's primary boulevard and represents the very core of the central Berlin Mitte district. 2001 the eastern district Mitte was joined with the western districts Tiergarten and Wedding (which has nothing to do with the english word). Mitte regained its position as the main transfer point as in June 2006 with the opening of the new main station (Hauptbahnhof), a giant palace of glass and steel, which is at the border of Mitte and Tiergarten.
Here you find the most famous landmarks of Berlin like:

The Reichstag - this imposing building houses the Federal German Parliament or "Bundestag" and was originally completed in 1894 to meet the need of the newly-unified German Empire of the Kaisers' for a larger parliamentary building.

Fernsehturm/Alexanderplatz - The Fernsehturm's nickname, "Telespargel" (television-asparagus) does not come close to expressing how this huge monument to tacky 20th-century culture dominates the sweeping, open square.

Brandenburg Gate (Brandenburger Tor) - the only surviving Berlin city gate and a potent symbol of the city. This is the point where Strasse des 17. Juni becomes Unter den Linden. The Brandenburg Gate now symbolizes reunification, after dividing East and West Berlin for decades)

Pariser Platz - the large square in front of the Brandenburg Gate contains the French and American embassies, as well as the rebuilt Hotel Adlon and the new building of the Academy of Arts.

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.