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. 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.


Property 1: This vacant apartment with its 51m² is in very good condition and includes a living room with an open kitchen, bedroom with walk-in wardrobe, bathroom and good sized entrance hall.


Property 2: This rented flat is in well-kept condition and includes a living room, kitchen, bedroom, bathroom and good sized entrance hall. It offers a living size of approx. 53m². Don’t miss this investment opportunity!


Specifications - Building etc.

Charm of "Altbau" (Old Building)

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.

Specifications – Property 1:

Apartment is in very good condition

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

Light-flooded rooms

Open fully fitted kitchen

First class bathroom with bath tub

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

Storage room

Flooring: Timber floor board and tiles

Double glazed windows

Specifications – Property 2:

Apartment is in well-kept condition

Typical charm of Altbau (Old Building) with high ceilings

Light-flooded rooms

Eat-in kitchen

Bathroom with bath tub

Storage room

Flooring: Timber floor board, carpet and tiles

Double glazed windows

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.


Property 1: One Bedroom Apartment – Second Floor – Side Wing Left

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 51.31m²

Balcony: No

Year of Construction: approx. 1900

Availability/ Move-in: Immediately - Vacant

Total running costs: 1,740 € per year

Costs for the landlord: approx. 580 € per year (no allocatable overheads)

Costs for the tenant: approx. 1,160 € per year (allocatable overheads)

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


Net Yield*: 5.60% (yearly expected landlord-costs are considered)


From 69,999 €


Property 2: One Bedroom Apartment – Second Floor – Side Wing Right

Rooms (Living/Dining Room and Bedroom): 2

Living Size (approx.): 53.24m²

Balcony: No

Year of Construction: approx. 1900

Availability/ Move-in: Sale - Immediately / Please note: Flat is rented out.

Total running costs: 1,968 € per year

Costs for the landlord: approx. 656 € per year (no allocatable overheads)

Costs for the tenant: approx. 1,312 € per year (allocatable overheads)

Current basic rent: 3,864 € per year (6.05 € per m²)


Net Yield (approx): 4.93% (yearly expected landlord-costs are considered)


From 65,000 €