Ref: 000R0706
District: Friedrichshain-Kreuzberg
Location: Kreuzberg
You like a trendy and relaxed living combined with cosmopolitan atmosphere… then choose Kreuzberg as your new home. The district has a multi-cultural population and people live together in a stimulating mixture of classes and cultures. This spacious apartment with its charm of “Altbau” (Old Building) features a living room, 2 bedrooms, fully fitted eat-in kitchen, bathroom with bath tub, entrance hall as well as a balcony. Location: The canal “Landwehrkanal” and park “Böcklerpark” are only 500 metres away, Oranienstraße you reach after 3 minutes drive and also the well-known Friedrichstrasse is close by. The public transportation connections are excellent.
Specifications:
Apartment is in good condition; completely renovated approx 7 years ago incl. electrical installations
Charm of “Altbau” (Old Building) with high ceilings
Good sized, light flooded rooms
Balcony
Fully fitted kitchen
Bathroom with bath tub
Flooring: Parquet and tiles
Countersash windows
Central Heating
Separate storage room in the cellar
Courtyard
Building is in very good condition – renovation works has taken place in the last years incl. stairwell, balconies etc. – In 2008 it is planned to renovate the façade (Costs are covered through the existing sinking fund).
Very good location in Kreuzberg – the vibrant scene of Kreuzberg with its Bergmannkiez, Oranienstrasse as well as the canal “Landwehrkanal” and park “Böcklerpark” in direct neighbourhood, approx. 2.5km to the well-known Potsdamer Platz and Friedrichstrasse.
Payment:
100% after signing of the notarial purchase contract.
Kreuzberg:
The Friedrichshain-Kreuzberg district is the smallest of Berlin's inner-city districts. It has extensive quarters of intact Wilhelminian tenement buildings, with a typical urban mixture of uses: apartments, shops, cinemas, "Kneipen" (bars), small skilled trade enterprises, and colourful street markets. Public transport connections are excellent, and the district has a special quality to offer to all those who are interested in living in the city, with the sport and recreation facilities of the Volkspark in Friedrichshain, or the Viktoria Park in Kreuzberg, with its central monument designed by Schinkel and even its own vineyard! Redeveloped tenement buildings, the listed architecture of the Karl-Marx Allee, and interesting residential quarters from the 1950s to the 1980s have made Friedrichshain-Kreuzberg a favourite in Berlin. An important factor in its growing reputation is its wide range of cultural institutions, such as the German Museum of Technology, the Jewish Museum in the Liebeskind building, and the Tempodrom, the Martin-Gropius building, the Hebbel Theatre, as well as a thriving sub-culture, not only in Kreuzberg but increasingly also in quarters of Friedrichshain.
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.
2 Bedroom Apartment – First Floor – Front Facing Building
Rooms (Living/Dining Room and Bedrooms): 3
Living Size (approx.): 79m²
Balcony: Yes
Year of Construction: 1888
Availability/ Move-in: Sale – Immediately; Move-in has to be agreed
Yearly additional costs for landlords: approx. 1,100 € 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. 2,200 € per year
Expected basic rent: 5,688 € per year (6.00 € per m²)
Net Yield: 3.16% (yearly additional costs are considered)
From 145,000 €
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