REAL ESTATE FOR SALE (€ Euro 169,000)
Apartment for sale in Berlin Friedenau Berlin Germany

Ref: 000R0674


District: Border Wilmersdorf/ Schöneberg


Location: Friedenau


Stunning loft-apartment for sale in a lovely residential location near the town centre “Kürfürstendamm” (3km)… this unit with its 85m² will put a spell on you. It boasts an entrance hall, first class bathroom with shower and bath tub as well as a huge angled room with an American kitchen, living area with panorama windows and sleeping area. With a partition wall you could easily separate the bedroom from the living room. Further on you can enjoy fantastic views over the city from the good-sized roof terrace. It is a top location in the well known borough Friedenau. The public transportation connections are excellent.


Specifications:

Apartment is in mint condition - this unit could easily converted into a 1 bedroom flat (Partition wall)

Light-flooded room

Typical charm of Altbau (Old Building) combined with new modern style

First-class bathroom with bath-tub as well as shower

Fully fitted kitchen

Flooring: Parquet

Good sized terrace with lovely views

Chimney

Central heating

Double glazed windows

Building is in well-kept condition

Top location in the well known borough Friedenau – approx. 2km to the Prager Platz and only 3km to the well-known Kurfürstendamm

Payment:


100% after signing of the notarial purchase contract.


Friedenau/ Districts Wilmersdorf & Schöneberg:


Friedenau is a borough within the districts Wilmersdorf and Schöneberg. It is a beautiful green, residential area which has an extensive range of recreational amenities as well as local shops, restaurants and bars. The nearness to the town centre “Kurfürstendamm” makes this location so unique.
Wilmersdorf is an established region in the south west of the city, driving through the district you will easily realize that most of the inhabitants are well-off. Characteristic for Wilmersdorf are the representative buildings in Wilhelmine style and the Grunewald forest. In the west of Wilmersdorf you can leave the inner city in order to come to the Grunewald with its recreation opportunities and natural areas. The most important women's tennis tournament, the German Open, are held in the stadium at the lake Hundekehlesee. Here, in the middle of the forest on a hill at the river Havel, the Grunewald tower (56m high) offers a spectacular view over the Havel lakes and to Potsdam. North of the Grunewald you can find the Teufelsberg hill, which was heaped up from wreckage after World War 2. Its 110 meters makes it one of the highest hills around Berlin.
Tempelhof-Schöneberg: Since 2001 these two former districts were merged. Schöneberg is younger and very trendy, borders to the City West and East. It hosts several nice restaurants and bars.

Winterfeldmarkt Markets on Thursdays 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

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.

Loft-Apartment – Top Floor (Fifth Floor)

Rooms (Living Room/ Bedroom): 1 (could easily converted into a 1 bedroom flat – Partition wall)

Living Size (approx.): 85m²

Balcony: Yes

Year of Construction: 1910 / 1985 extension of the top floor

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 654 € 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. 1,308 €


Expected basic rent: 8,976 € per year (8.80 € per m²)


Net Yield*: 4.92% (yearly additional costs are considered)