District: Kreuzberg-Friedrichshain


Location: Friedrichshain/ Border to Mitte


Live your life at the pulse of the history! Located in the famous boulevard Karl-Marx-Allee of the trendy and upcoming district Friedrichshain, this apartment with its 63m² offers a living room, bedroom, good-sized kitchen and bathroom, storage room as well as an entrance hall. One highlight is the stunning view from the seventh floor over the city. The district: Fashionable bars and restaurants have opened, along with organic supermarkets, always a sign that affluent and responsible young professionals have moved in. Students, artists, businessmen and other groups choose this place as their new home. Friedrichshain is now also home to numerous design and media companies including MTV Central Europe. The well-known Alexanderplatz in Mitte is only 1.5km away. The public transportation connections are excellent.


Specifications:

Apartment is in very good condition

Light flooded rooms

Bathroom with bath tub

Flooring: Laminate and tiles

Stunning views

Double glazed windows

Oil central heating

Intercom system

Lift

Building is in well-kept condition

Very good location in Friedrichshain/ Border to Mitte. Trendy Boxhagener Platz and Simon-Dach-Strasse are 2km away, the well-known Alexanderplatz in Berlin-Mitte only 1.5km and Friedrichstrasse 3km. Further on the trendy Prenzlauer Berg is also in direct neighbourhood. Distance to Schönefeld Airport approx. 16km.

Payment:


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


Karl-Marx-Allee / Details to the micro location


The Karl-Marx-Allee is a monumental socialist boulevard built by the young GDR between 1952 and 1960 in Berlin Friedrichshain and Mitte. Today the boulevard is named after Karl Marx.
The boulevard was named Stalinallee between 1949 and 1961 (previously Große Frankfurter Straße), and was a flagship building project of East Germany's reconstruction programme after World War II. It was designed by the architects Hermann Henselmann, Hartmann, Hopp, Leucht, Paulick and Souradny to contain spacious and luxurious apartments for plain workers, as well as shops, restaurants, cafés, a tourist hotel and an enormous cinema (the International).
The avenue, which is 89m wide and nearly 2km long, is lined with monumental eight-storey buildings designed in the so-called wedding-cake style, the socialist classicism of the Soviet Union. At each end are dual towers at Frankfurter Tor and Strausberger Platz designed by Hermann Henselmann. The buildings differ in the revetments of the facades which contain often equally, traditional Berlin motifs by Karl Friedrich Schinkel. Most of the buildings are covered by architectural ceramics. Landmarks of the Karl-Marx-Allee are the two domed towers on Frankfurter Tor.


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 – Seventh Floor

Rooms (Living room/ Bedroom): 2

Living Size (approx.): 63.21m²

Year of Construction: 1953

Availability/ Move-in: Sale - Immediately

Total running costs: 2,230 € per year

Yearly costs for landlords: approx. 630 € 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. 1,600 € per year

Expected basic rent: 5,233 € per year (6.90 € per m²)


Net yield*: 3.68% (yearly additional costs are considered)


From 125,000 €