REAL ESTATE FOR SALE (€ Euro 90,000)
Apartment for sale in Berlin Wilmersdorf Charlottenburg-Wilmersdorf Germany

Ref: 0000R0733


Current Net Yield*: 5.41% (yearly additional costs are considered)


District: Charlottenburg-Wilmersdorf


Location: Wilmersdorf


Make your investment today – net yield more as 5%. Top located in the Charlottenburg-Wilmersdorf district, this fully furnished apartment comprises a living room, single bedroom, eat-in kitchen, bathroom and an entrance hall. Use it as your holiday home, rent it out to holiday makers or permanently to a tenant – you can be sure that this unit will never be vacant…! The town centre with its shopping road Kurfürstendamm and the trendy Olivaer Platz is only 500 metres away. The public transportation connections are excellent.


Specifications:

Apartment is in very good condition – completely renovated

Nice building from 1959 with elements of typical “Altbau” (Old Building) like high ceilings

Unit is orientated to the road as well as the back garden

Eat-in kitchen (fully fitted)

Bathroom with bath tub

Flooring: Parquet and tiles

District heating

Separate storage room in the basement

Lovely green backyard

Building is in good condition

Top location in Wilmersdorf – only 500 metres to the trendy Olivaer Platz and the well-known Kurfürstendamm. Restaurants, bars etc. around the corner. The park “Preussepark” in direct neighbourhood.

Payment:


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


Wilmersdorf & the neighbouring boroughs:


Wilmersdorf is a quiet region in the south west of the city, driving through the district you will easily realize that most of the inhabitants are well-off. Characteristic for Wilmersdorf are the representative buildings in Wilhelmine style and the Grunewald forest. In the west of Wilmersdorf you can leave the inner city in order to come to the Grunewald with its recreation opportunities and natural areas. The most important women's tennis tournament, the German Open, are held in the stadium at the lake Hundekehlesee. Here, in the middle of the forest on a hill at the river Havel, the Grunewald tower (56m high) offers a spectacular view over the Havel lakes and to Potsdam. North of the Grunewald you can find the Teufelsberg hill, which was heaped up from wreckage after World War 2. Its 110 meters makes it one of the highest hills around Berlin.


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…


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 – Raised Ground Floor

Rooms (Living Room/ Bedroom): 1.5

Living Size (approx.): 46m²

Year of Construction: 1959

Availability/ Move-in: Sale - Immediately / Please note: Flat is currently rented out with short-term contracts (limited).

Yearly additional costs for landlords: approx. 1,728 € per year


Gross rent: 6,600 € per year (11.96 € gross per m²)


Overall gross rent has been agreed with the tenant. All running costs have to be paid from the landlord (incl. a lump-sum for electricity).


Current Net Yield*: 5.41% (yearly additional costs are considered)