REAL ESTATE FOR SALE (€ Euro 60,000)
Apartment for sale in Berlin Mitte Berlin-Mitte Germany

Ref: 0000R0738


District: Berlin-Mitte


Location: Mitte


Vacant apartment amidst of Berlin-Mitte for sale - don’t miss this opportunity! Highlight: The flair of rural surrounding but Friedrichstrasse, Hackeschen Höfe etc. are on your doorstep (only 1.5km-2km away). The hip Prenzlauer Berg with its Kollwitzplatz and Helmholtzplatz you reach after a few minutes drive. This unit with its living room, bedroom, fully fitted kitchen, bath and entrance hall is perfect for holiday makers or for yourself when you are visiting Berlin. Please note: New flooring and paintwork is necessary. The district Mitte contains the historical heart of Berlin and represents in many ways the real center of the city. Most of the main sights are located within the Mitte district, as are most of the political institutions and also many media companies.


Specifications:

Apartment needs some renovation works – paintwork and new flooring. Partner companies could arrange these works for you.

Orientation to the south

Fully fitted kitchen

Bathroom with shower

Built-in wardrobe in the entrance hall

Double-glazed windows

District heating

Separate storage room in the basement

Green communal garden incl. barbecue area

Building is in good condition

Very good location in the Mitte borough (district “Mitte”); the well-known shopping road Friedrichstrasse as well as the trendy areas Hackeschen Höfe and Oranienburger Strasse are approx. 1.5km-2km away. The hip Prenzlauer Berg with its Kollwitzplatz and Helmholtzplatz you reach after a few minutes drive. A big and nice park is in direct neighbourhood.

Payment:


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


Berlin-Mitte:


Well-known as multifaceted region, attracts the Mitte-Region every race… from young and trendy people to artists/ actors as well as businessmen.
Berlin Mitte contains the historical heart of Berlin and represents in many ways the real center of the city. Most of the main sights are located within the Mitte district, as are most of the political institutions and also many media companies. The area around “Unter den Linden” is Berlin's primary boulevard and represents the very core of the central Berlin Mitte district. 2001 the eastern district Mitte was joined with the western districts Tiergarten and Wedding (which has nothing to do with the english word). Mitte regained its position as the main transfer point as in June 2006 with the opening of the new main station (Hauptbahnhof), a giant palace of glass and steel, which is at the border of Mitte and Tiergarten.


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 – Third Floor

Rooms (Living Room/ Bedroom): 2

Living Size (approx.): 35.02m²

Year of Construction: approx. 1959

Availability/ Move-in: Immediately

Yearly additional costs for landlords: approx. 441 € 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. 884 € per year


Expected basic rent: 2,941 € per year (7.00 € per m²)


Net Yield*: 4.17% (yearly additional costs are considered)