REAL ESTATE FOR SALE (€ Euro 55,000)
Apartment for sale in Berlin Mitte Berlin-Mitte Germany

Ref: 000R0693


District: Berlin-Mitte


Location: Mitte


More is not possible… stunning “Altbau” (Old Building) in Berlin’s best location – Friedrichstrasse, Hackeschen Höfe as well as Prenzlauer Berg’s trendy places with its Kollwitzplatz on your doorstep. This lovely studio with high ceilings is perfect for holiday makers or for yourself when you are visiting Berlin. It is in very good condition and comprises a living area, fully fitted kitchen as well as a bath with bath tub. The district 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.


Specifications:

Apartment is in very good condition

Fully fitted kitchen

Bathroom with bath tub

Flooring: Timber floor board

Central heating

Separate storage room in the basement

Green courtyard

Building is in very good condition – completely refurbished and modernised a few years ago

Top location in the Mitte borough (district “Mitte”); the well-known Friedrichstrasse and Hackeschen Höfe as well as Prenzlauer Berg’s trendy places with its Kollwitzplatz are in direct neighbourhood, only 2km to the Alexanderplatz and approx. 3.5km to the famous Brandenburger Tor.

Payment:


100% after signing of the notarial purchase contract.


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.

Studio – Raised Ground Floor – Side Wing - Apartment Specification

Rooms (Living Room/ Bedroom): 1

Living Size (approx.): 27.62m²

Year of Construction: approx. 1910

Availability/ Move-in: Sale – Immediately / Please note: Flat is rented out.

Yearly additional costs for landlords: approx. 600 € 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. 936 € per year


Current basic rent: 2,760 € per year (8.33 € per m²)


Net Yield*: 3.93% (yearly additional costs are considered)