REAL ESTATE FOR SALE (€ Euro 97,000)
Apartment for sale in Berlin Mitte Berlin-Mitte Germany

Ref: 000R0681


Net Yield*: 6.02% (yearly additional costs as well as income parking spaces are considered)


District: Berlin-Mitte


Location: Mitte


Top location in Mitte - more central is not possible; don’t wait and buy it now because this flat will not be a long time on the market! The area meets the requirements of every group of people… from young and trendy singles and families to artists/ actors as well as businessmen. The shopping road Friedrichstrasse and the Alexanderplatz are approx. 2.5km away, the River “Spree” in direct neighbourhood and also all the hip places in Mitte, Friedrichshain and Kreuzberg are not far away. This 1 bedroom apartment with its 53m² is in very good condition and includes an entrance hall, fully fitted kitchen, good sized living room, bedroom, bathroom with bath tub as well as two terraces. The district Mitte 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:

Apartment is in very good condition

Fully fitted kitchen

Bathroom with bath tub

Light flooded rooms

2 terraces (accesses from living room and bedroom)

Flooring: Parquet

Central heating

Separate storage room in the cellar

2 underground parking spaces

Lift

Terraced building is in well-kept condition

Top location in the Mitte borough (district “Mitte”); The shopping road Friedrichstrasse and the Alexanderplatz are approx. 2.5km away, the River “Spree” in direct neighbourhood and also all the hip places in Mitte, Friedrichshain and Kreuzberg are not far away.

Payment:


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


Berlin-Mitte:


Well-known as multifaceted region, attracts the Mitte-Region every race… from young and trendy people to artists/ actors as well as businessmen.
Berlin Mitte 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.


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 Bedroom): 2

Living Size (approx.): 53.00m²

Terrace/ Balcony: Yes – 2x

Year of Construction: 1997

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 760 € 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. 1,520 € per year


Expected basic rent: 5,406 € per year (8.50 € per m²) plus approx. 1,200 € for both parking spaces


Net Yield*: 6.02% (yearly additional costs as well as income parking spaces are considered)


Price: 97,000 € (81,000 € plus 16,000 € for 2 underground parking spaces)