REAL ESTATE FOR SALE (€ Euro 82,200)
Apartment for sale in Berlin Wilmersdorf Charlottenburg-Wilmersdorf Germany

Ref: 0000R0735


District: Charlottenburg-Wilmersdorf


Location: Wilmersdorf


Hot offer… two apartments for sale in the same building, located in a lovely back road and in a very good area of Wilmersdorf. Both apartments feature the charm of German Altbau (Old Building) with high ceilings. The living sizes are 49m² and 63m² - each flat comprises a living room, bedroom, kitchen and a bath. In the surrounding you find all you need… from cafés to restaurants, bars and supermarkets, etc…! Only a few minutes away you reach the shopping road Kurfürstendamm. The public transportation connections are excellent.


Specifications:

Apartments are in standard/ good condition

Charm of “Altbau” (Old Building) with high ceilings

Orientation to the courtyard

Flooring: Timber floor board and tiles

Double glazed windows

Central heating

The building is in well-kept condition. Building application for balconies are available (Details follow and has to be confirmed)

Good location in Wilmersdorf – approx 2km to the well-known Olivaer Platz and the Kurfürstendamm

Payment:


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


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.
Bordering Schöneberg hosts several nice restaurants and bars. It is a popular location for young people as well as the fashionable lesbian and gay scene.


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, left

Rooms (Living and Dining Room/ Bedrooms): 2

Living Size (approx.): 49m²

Year of Construction: approx. 1910

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 592 € 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. 1,184 € per year


Expected basic rent: 3,998 € per year (6.80 € per m²)


Net yield*: 4.13% (yearly additional costs are considered)


From 82,200 €


One Bedroom Apartment – Third Floor – Side Wing, right

Rooms (Living and Dining Room/ Bedrooms): 2

Living Size (approx.): 63m²

Year of Construction: approx. 1910

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 736 € 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. 1,472 € per year


Expected basic rent: 5,141 € per year (6.80 € per m²)


Net yield*: 4.13% (yearly additional costs are considered)


From 106,600 €