REAL ESTATE FOR SALE (€ Euro 179,500)
Apartment for sale in Berlin Charlottenburg Charlottenburg-Wilmersdorf Germany

Ref: 0000R0732


District: Charlottenburg-Wilmersdorf


Location: Westend/ Border to Charlottenburg


Live your life in one of the most exclusive addresses of the capital… in Westend, a borough of Charlottenburg-Wilmersdorf. This apartment is in very good condition and offers a living size of approx. 87m². It features living room, dining room, bedroom, fully fitted kitchen, bathroom with bath tub and good sized entrance hall. Castle Charlottenburg and the Lake Lietzensee is only 2.5km away and the Kurfürstendamm and trendy “Stuttgarter Platz” you reach after a few minutes drive. Restaurants, bars etc are situated around the corner. The public transportation connections are excellent. Contact us today!


Specifications:

Apartment is in very good condition – completely renovated in 1995

Typical charm of Altbau (Old Building) with high ceilings

Light-flooded rooms

Fully fitted kitchen

Flooring: Parquet and tiles

Double glazed windows

Central heating

Separate storage room in the basement

Building is in well-kept condition. It has been renovated over the last years incl. stairwell (in 2002) and the façade (in 2006).

Very good location in Westend/ Charlottenburg – Castle Charlottenburg and the Lake Lietzensee is only 2.5km away. Approx. 3.5km to Kurfürstendamm and 3km 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.

Two Bedroom Apartment – Second Floor

Rooms (Living/Dining Room and Bedroom): 3

Living Size (approx.): 87m²

Year of Construction: 1922

Availability/ Move-in: Sale – Immediately. Flat is rented but contract is cancelled. Move-in end of July or end of August 2008.

Yearly additional costs for landlords: approx. 1,112 € 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. 2,224 € per year


Expected basic rent: 7,308 € per year (7.00 € per m²)


Net Yield*: 3.45% (yearly additional costs are considered)