REAL ESTATE FOR SALE (€ Euro 79,500)
Apartment for sale in Berlin Charlottenburg Charlottenburg-Wilmersdorf Germany

Ref: 0000R0731


Net Yield*: 4.93% (yearly additional costs are considered)


District: Charlottenburg-Wilmersdorf


Location: Westend/ Border to Charlottenburg


Be the envy of all your friends and own a property in Westend, a borough of Charlottenburg-Wilmersdorf. Since many years it is one of the most exclusive addresses of the capital. This apartment is in very good condition and includes a living room with an open kitchen, bedroom with walk-in wardrobe, bathroom with bath tub and good sized entrance hall. It offers a living size of approx. 51m². The Castle Charlottenburg is situated on your doorstep and the well-known Kurfürstendamm is only a few minutes drive away. The trendy “Stuttgarter Platz” you reach after approx. 2km. The public transportation connections are excellent. Don’t miss this investment opportunity!


Specifications:

Apartment is in very good condition

Typical charm of Altbau (Old Building): Stucco and high ceilings

Light-flooded rooms

Open fully fitted kitchen

Built-in cupboard (living room) and walk-in wardrobe (bedroom)

Storage room

Flooring: Timber floor board and tiles

Double glazed windows

Central heating

Building is in well-kept condition. In the last owners meeting it has been agreed that the owners of apartments in the side wing are allowed to built-in further windows (corridor and living room – if desired).

Very good location in Westend/ Charlottenburg – the Castle Charlottenburg is on your doorstep. approx. 4km to Kurfürstendamm, 1km to the Lake Lietzensee and 2km to the trendy “Stuttgarter Platz”. The Exhibition Halls of Berlin and the Technical University are also close by.

Payment:


100% after signing of the notarial purchase contract. Completed - resale property


Charlottenburg/ Westend:


Charlottenburg is situated north of the famous Kurfürstendamm (Town Centre West), one of Berlin's major shopping areas that developed in the West during the years that Berlin was divided. Charlottenburg is together with Zehlendorf the wealthiest part of Berlin as well as the most popular residential location. The region has a number of famous landmarks, perhaps the best known being Schloss Charlottenburg, an elegant palace commissioned in 1695 by Queen Sophie Charlotte.


Trendy places: Savigny Platz, Olivaer Platz, Stuttgarter Platz…
Further on the internationally renowned Berlin Institute of Technology is located in Charlottenburg.
Westend is a borough of the Berlin district Charlottenburg-Wilmersdorf. It is named after the West End of London. Since many years the classy borough Westend is one of the most exclusive addresses of the capital. Leafy frontage roads and magnificent mansions shape the image of this very established area. The large forest "Forst Grunewald" as well as the town centre with its well-known Kurfürstendamm are not far away.


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 – Second Floor – Side Wing

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 51.31m²

Year of Construction: approx. 1900

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 580 € 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. 1,160 € per year


Expected basic rent: 4,500 € per year (7.30 € per m²)


Net Yield*: 4.93% (yearly additional costs are considered)