Ref: 000R0654
District: Friedrichshain-Kreuzberg
Location: Kreuzberg
Located in the vibrant district Kreuzberg, this rented 1 bedroom apartment with its charm of “Altbau” (Old Building) offers a living size of 44m². All facilities incl. shops, fitness centres etc. you will find nearby. The district has a multi-cultural population and people live together in a stimulating mixture of classes and cultures. The public transportation connections are excellent.
Specifications:
Apartment is in good condition – renovation works are not necessary
Flooring: Parquet and carpet in the living room/ bedroom. Tiles in kitchen and bath
Fully fitted kitchen
Gas Central Heating
Green courtyard
Building is in very good condition. Refurbishment works has taken place over the last years incl. façade works, the stairwell, courtyard, double glazed windows as well as the heating system.
Very good location in Kreuzberg – the vibrant scene of Kreuzberg in direct neighbourhood, approx. 3km to the trendy Boxhagener Platz and Simon-Dach-Strasse in Friedrichshain, approx. 4km to the well-known Potsdamer Platz and Friedrichstrasse.
Payment:
100% after signing of the notarial purchase contract; Resale Property.
Kreuzberg:
The Friedrichshain-Kreuzberg district is the smallest of Berlin's inner-city districts.
It has extensive quarters of intact Wilhelminian tenement buildings, with a typical urban mixture of uses: apartments, shops, cinemas, "Kneipen" (bars), small skilled trade enterprises, and colourful street markets. Public transport connections are excellent, and the district has a special quality to offer to all those who are interested in living in the city, with the sport and recreation facilities of the Volkspark in Friedrichshain, or the Viktoria Park in Kreuzberg, with its central monument designed by Schinkel and even its own vineyard! Redeveloped tenement buildings, the listed architecture of the Karl-Marx Allee, and interesting residential quarters from the 1950s to the 1980s have made Friedrichshain-Kreuzberg a favourite in Berlin. An important factor in its growing reputation is its wide range of cultural institutions, such as the German Museum of Technology, the Jewish Museum in the Liebeskind building, and the Tempodrom, the Martin-Gropius building, the Hebbel Theatre, as well as a thriving sub-culture, not only in Kreuzberg but increasingly also in quarters of Friedrichshain. The district has a multi-cultural population, in particular in parts of Kreuzberg, and people live together in a stimulating mixture of classes and cultures. If you enjoy the vibrancy of city life but also want to feel at home in your neighbourhood, then Friedrichshain-Kreuzberg could be just right for you.
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 – Fourth Floor - Apartment Specification
Rooms (Living/Dining Room and Bedrooms): 2
Living Size (approx.): 44m²
Year of Construction: 1900
Availability/ Move-in: Sale immediately / Please note: The flat is currently rented out.
Yearly additional costs for landlords: approx. 648 € 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. 1,200 € per year
Current basic rent: 3,360 € per year (6.36 € per m²)
Net Yield: 3.87% (yearly additional costs are considered)
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