REAL ESTATE FOR SALE (€ Euro 142,500)
Apartment for sale in Berlin Tiergarten Moabit Berlin-Mitte Germany

Ref: 000R0703


District: Berlin-Mitte


Location: Tiergarten/ Moabit; Border Charlottenburg


Waterfront-property… hot investment! Located in the upcoming area of Tiergarten/ Moabit in the district Mitte, directly on the border to Charlotteburg, this stunning apartment with its 104m² offers many opportunities… it is a perfect buy-to-let investment (short-term and long-term contracts) or it could be your new privately owned home. Here you find 3 rooms, eat-in kitchen, bathroom with bath tub, good sized entrance hall as well as a balcony. A special “Development Plan” for modernization and infrastructure of this area from Berlin’s Senate shows the standing of the location. The district 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. The public transportation connections are excellent.


Specifications:

Apartment is in very good condition

Light-flooded rooms

Fully fitted eat-in kitchen

Flooring: Laminate (Entrance hall and living room), Timber floor board (2 rooms), Tiles in bathroom and kitchen

Charm of Altbau (Old Building) with high ceilings

Balcony

Views on the canal from every room

Self-contained central heating

Well-kept courtyard

Building is in very good condition

Very good location in the upcoming Tiergarten/ Moabit region (district “Mitte”) – on the border to Charlottenburg; River “Spree” with its canals and the lovely Mierendorffplatz (Charlottenburg) on your doorstep, near main station and park “Tiergarten”, Schloß Bellevue (Castle) approx. 2km, The Reichstag and Brandenburger Tor approx 4km. Location with great potential!

Payment:


100% after signing of the notarial purchase contract.


Moabit/ Tiergarten:


With the fall of the Berlin Wall, Moabit's location has changed from a border district of West Berlin to a central district in the reunited city. Here you find mainly buildings in Wilhelminian style.
Tiergarten - Due to its proximity to the new Government District, many new buildings are being built there, such as for example the Ministry of Internal Affairs. Tiergarten (German for Animal Garden) is the name of both a large park in Berlin and a neighbourhood within the borough of the district Berlin-Mitte.
The Berlin Mitte district 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.

Two Bedroom Apartment – Third Floor

Rooms (Living/Dining Room and Bedroom): 3

Living Size (approx.): 104m²

Balcony: Yes

Year of Construction: 1911

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 900 € 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. 1,800 € per year


Expected basic rent: 7,800 € per year (6.25 € per m²)


Net Yield*: 4.84% (yearly additional costs are considered)


From 142,500 €