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

Ref: 000R0691


Current net yield*: 5.16% (yearly additional costs are considered)


District: Charlottenburg-Wilmerdorf


Location: Wilmersdorf


Buy today and don’t miss this investment opportunity – a rented studio for sale amidst Berlin’s best location… the famous KuDamm (Town Centre West) and trendy Olivaer Platz with its fashionable bars and restaurants on your doorstep. All facilities incl. shops, fitness centres etc. you will find in direct neighbourhood as well, along with cultural offers like “Schaubühne”. The public transportation connections are excellent. The living size of approx. 33.5m² offers a living room/ bedroom, fully fitted kitchen, bath and corridor.


Specifications:

Apartment is in good condition

Fitted kitchen

Tiled bath with shower

Flooring living room/ bedroom: Laminate

Central Heating

Central hot water supply

Modern electrical installations

Intercom system

Building is in very good condition

Top location in Charlottenburg-Wilmersdorf – The shopping-road Kurfürstendamm on your doorstep, trendy places like Olivaer Platz, Stuttgarter Platz and Savigny Platz are only a few minutes away. Recreational places like the Grunewald or the lake “Lietzensee” you can reach after a short drive.

Payment:


100% after signing of the notarial purchase contract.


Charlottenburg-Wilmersdorf:


Wilmersdorf is a quiet 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.


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 – Second Floor - Apartment Specification

Rooms (Living room/ Bedroom): 1

Living Size (approx.): 33.51m²

Year of Construction: 1956

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

Yearly additional costs for landlords: approx. 540 € 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: 3,120 € per year (7.75 €/m²)


Current net yield*: 5.16% (yearly additional costs are considered)


From 50,000 €