REAL ESTATE FOR SALE (€ Euro 94,000)
Apartment for sale in Berlin Wedding Berlin-Mitte Germany

Ref: 000R0701


Net Yield*: 4.83% (yearly additional costs are considered)


District: Berlin-Mitte


Location: Wedding


Located in a medium residential area of the district Mitte with good potential, next to the Canal “Nordufer”, this apartment with its 83m² includes a living room, two bedrooms, fitted kitchen and bathroom with bath tub. The typical “Altbau” (Old Building) is in well-kept condition. Come to the borough Wedding and enjoy this place with the „Schnauze mit Herz” (big mouth and big heart) of the working class. 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 this district, as are most of the political institutions and also many media companies. The public transportation connections are excellent.


Specifications:

Apartment is in good condition

Typical charm of “Altbau” (Old Building) with high ceilings

Fitted kitchen

Bathroom with bath tub

Flooring: Sanded timber floor board; Tiles in kitchen and bathroom

Double glazed windows

Courtyard

Self-contained central heating

Building is in good condition – in the last years various renovation and modernisation works has taken place (like new windows, electrical installations, drainage etc)

Medium residential location in the district “Mitte”- good potential, situated in a back road next to the Canal “Nordufer” as well as the Park “Goethepark” and the lake “Plötzensee”. The well known Friedrichstrasse and Hackescher Markt in Mitte are approx. 4.5km away; Brandenburger Tor approx. 4km and the trendy places in Prenzlauer Berg only 5.5km

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.


Gesundbrunnen & Wedding are boroughs of the district Mitte. More than other 19th century working class districts, the original character has been preserved. It is said to be a place to find the „Schnauze mit Herz” (big mouth and big heart) of the working class. However, the spirit is not exclusively German. The multicultural atmosphere is visible in the bilingual shop signs.


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.

Two Bedroom Apartment – Second Floor – Rear Building

Rooms (Living Room/ Bedroom): 3

Living Size (approx.): 83m²

Year of Construction: 1910

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 692 € 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. 1,384 € per year


Expected basic rent: 5,229 € per year (5.25 € per m²)


Net Yield*: 4.83% (yearly additional costs are considered)


From 94,000 €