Ref: 000R0707
Net Yield: 4.47% (yearly additional costs are considered)
District: Pankow
Location: Prenzlauer Berg
This stunning apartment with a living size of approx. 112m² and view on the Arnimplatz is situated in Prenzlauer Berg, the trendiest and hippest district of Berlin. Countless pubs, restaurants, cafés, galleries and little shops create a day and nightlife atmosphere unrivalled in the rest of Berlin. The well-known and fancy Helmholtzplatz and Kollwitzplatz are only a few minutes away. The apartment with its charm of Altbau is in very good condition and comprises a bedroom, living room, open eat-in kitchen, bathroom with bath tub, entrance hall as well as a big balcony. The public transportation connections are excellent.
Specifications:
Apartment is in very good condition – completely renovated in 2001 incl. new bath, doors etc.
Charm of “Altbau” (Old Building) with high ceilings and wing doors
Light-flooded rooms
Good-sized kitchen area and bathroom
Flooring: Parquet in living room and bedroom; Tiles in kitchen, bath and entrance hall
Big balcony (orientated to the west) with lovely view on the Arnimplatz
Self contained gas central heating
Courtyard
Building is in very good condition - refurbished and modernised over the last years incl. façade, balconies, roof, courtyard, drainage etc. – currently the house community renovates the stairwell.
Very good location in Prenzlauer Berg – in direct neighbourhood to the well-known Helmholtzplatz (1200 metres) and Kollwitzplatz (only 2000 metres). Hakescher Markt and Alexanderplatz are only 3.5km away.
Payment:
100% after signing of the notarial purchase contract.
Prenzlauer Berg:
Prenzlauer Berg is a former borough of Berlin situated in the eastern part of the city. In 2001 Prenzlauer Berg was combined with the former boroughs Pankow and Weißensee under the name of Pankow.
After German reunification in 1990 Prenzlauer Berg soon attracted young people, often referred to as hipsters, with its alternative lifestyle. Today Prenzlauer Berg is one of the trendiest areas of Berlin… from businessmen to students; everyone wants to live in this borough with its stunning old buildings.
Prenzlauer Berg's urban apartment block structures have, for the most part, been renovated. This and rising property values have led to more wealthy residents moving into some areas of the borough.
Countless pubs, restaurants, cafés, galleries and little shops create a day and nightlife atmosphere unrivalled in the rest of Berlin.
Kollwitzplatz and Helmholtzplatz with weekly street markets, the former breweries Kulturbrauerei and Pfefferberg and Kastanienallee are the hot spots of interest.
Besides diverse tram and bus lines, Prenzlauer Berg is above all connected to the public transport net by the underground U2 (alongside Schönhauser Allee) and by the ring train S41/42 and city train S8.
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.
One Bedroom Apartment – Fourth Floor
Rooms (Living/Dining Room and Bedrooms): 2
Living Size (approx.): 112.23m²
Balcony: Yes
Year of Construction: 1900
Availability/ Move-in: Immediately
Yearly additional costs for landlords: approx. 1,068 € per year (no allocatable overheads)
Heating costs and 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. 2,136 € per year
Expected basic rent: 12,120 € per year (9.00 € per m²)
Net Yield: 4.47% (yearly additional costs are considered)
From 247,000 €
|
