REAL ESTATE FOR SALE (€ Euro 39,600)
Apartment for sale in Berlin Neukolln Neukolln Germany

Ref: 0000R0722


Net Yield: 5.64% (yearly additional costs are considered)


District: Neukölln


Location: Neukölln


If you enjoy the vibrancy of city life then the district of Neukölln with its “Schillerpromenade” could be just right for you. Due to the closing of the neighboured Airport Tempelhof as well as the nearness to the canal “Landwehrkanal”, various parks and the shopping road “Sonnenallee”, this surrounding we can indicate as hot and upcoming location. The available studio with its 36m² and the charm of Altbau offers a fitted kitchen, bathroom with shower and a good-sized living room/ bedroom. The public transportation connections are excellent. Summary: A fantastic investment opportunity.


Specifications:

Apartment is in very good condition – renovated a few years ago (incl. sanitary installations and electric)

Charm of Altbau (Old Building) with high ceilings

Light flooded rooms

Fitted kitchen with storage room

Flooring: Laminate (Original timber floor board is under the laminate); Tiles in the bath

Self contained central heating (Gas)

Building is in well-kept condition; extension of the roof as well as renovation works has taken place in the last years incl. stairwell and front facing façade; this year the façade works of the courtyard follow (all costs are covered through the sinking fund).

Good location in Neukölln – The “Schillerpromenade”… an upcoming area due to the closing of the neighboured Airport Tempelhof. The canal “Landwehrkanal”, various parks and the shopping road “Sonnenallee” are in direct neighbourhood. The vibrant scene of Kreuzberg as well as the trendy Boxhagener Platz and Simon-Dach-Strasse in Friedrichshain you reach after a few minutes drive; approx. 5.5km to the well-known Potsdamer Platz and Friedrichstrasse.

Payment:


100% after signing of the notarial purchase contract. Resale Property.


The districts Neukölln & Kreuzberg:


The district of Neukölln consist 5 sectors: Britz, Buckow, Gropiusstadt, Neukölln and Rudow. It is situated in south-eastern Berlin and borders to the districts Treptow-Köpenick, Friedrichshain-Kreuzberg, Tempelhof-Schöneberg and to the rural district Dahme-Spreewald.
Especially for creatives, artists and founder of new businesses is the flair of Neukölln inspiring. In the last few years many of them are moving to Neukölln and opening their galleries. The rents for big flats and workspaces are affordable so far. Young founder of businesses are using vacant stores, others are opening small cafes and bars and are organising many events. Every year a cultural festival, called “48 hours of Neukölln”, is taking place in the district and offers outsiders the opportunity to be a part of the cultural development. The opera of Neukölln is one of the most productive music theatres of Berlin with around eight to ten new productions each season. Neukölln also offers a lot of green oases like Hasenheide which is 50 hectares big and borders to Kreuzberg.
If you enjoy the vibrancy of city life but also want to feel at home in your neighbourhood, then Neukölln could be just right for you.


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 – Second Floor – Rear Building

Rooms (Living Room/ Bedroom): 1

Living Size (approx.): 36.00m²

Year of Construction: 1910

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 360 € 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. 720 € per year


Expected basic rent: 2,592 € per year (6.00 € per m²)


Net Yield: 5.64% (yearly additional costs are considered)


From 39,600 €