Ref: 0000R0728
Net Yield*: 5.40% (yearly additional costs are considered)
District: Friedrichshain-Kreuzberg
Location: Kreuzberg
Located in the vibrant district Kreuzberg, in direct neighbourhood to the Görlitzer Park and the Canal “Landwehrkanal”, this fully furnished studio with its 33m² is a real snip. It includes a good sized living room/ bedroom, fully fitted kitchen, bathroom with shower, storage room and an entrance hall. The unit offers many possibilities… rent it out permanently or to holiday makers or use it for yourself. The district has a multi-cultural population and people live together in a stimulating mixture of classes and cultures. The town centre of Mitte with its Friedrichstrasse is only 3.5km away. The public transportation connections are excellent.
Specifications:
Apartment is in very good condition
Fully furnished
Good sized and light flooded rooms
French windows in the living area
Oil Central Heating
Separate storage room in the basement
Building is in good condition incl. well-kept and green backyard
Very good location in Kreuzberg – the vibrant scene as well as the beautiful Görlitzer Park and the Canal “Landwehrkanal” in direct neighbourhood. In the popular Oranienstraße, the neighbourhood's main street, you cannot only sample every variety of international cuisine; you can also get a totally new outfit. The town centre of Mitte with its Friedrichstrasse as well as the trendy Boxhagener Platz in Friedrichshain is only 3.5km away.
Payment:
100% after signing of the notarial purchase contract; Resale Property.
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. The district has a multi-cultural population, in particular in parts of Kreuzberg, and people live together in a stimulating mixture of classes and cultures. If you enjoy the vibrancy of city life but also want to feel at home in your neighbourhood, then Friedrichshain-Kreuzberg 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 – Third Floor
Rooms (Living/Dining Room and Bedrooms): 1
Living Size (approx.): 33.13m²
Year of Construction: 1956
Availability/ Move-in: Immediately
Yearly additional costs for landlords: approx. 418 € 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. 836 € per year
Expected basic rent: 2,981 € per year (7.50 € per m²) – as furnished apartment
Net Yield*: 5.40% (yearly additional costs are considered)
|
