District: Tempelhof-Schöneberg


Location: Schöneberg


Don’t miss this investment opportunity! Located in Schöneberg, well-known as very good and central residential area as well as popular due to its trendy surroundings, this good-sized studio offers many possibilities… Rent it out permanently or to holiday makers or use it for yourself. It includes a living area, bathroom with shower, fully fitted kitchen and an entrance hall. The town centre West with its Kurfürstendamm is 1.8km away, Viktoria Luise Platz lies in direct neighbourhood and Schöneberg’s fashionable scene is only a few minutes walk away. The public transportation connections are excellent.


Specifications:

Apartment is in very good condition – new flooring in the living area (Laminate)

Fully fitted kitchen

Bathroom with shower incl. heated tower rail

Flooring: Laminate (Living Area and Corridor) and Tiles (Bathroom and kitchen)

Double glazed windows

Central heating

Separate storage room in the basement

Building is in good condition

Top location in Schöneberg – Viktoria Luise Platz in direct neighbourhood (approx. 600 metres). Schöneberg’s fashionable scene is only a few minutes walk away. Trendy Kreuzberg is reached after a short drive. Distance to the popular shopping boulevard Kurfürstendamm approx. 1.8km and to the Potsdamer Platz approx. 2.8km.

Payment:


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


Tempelhof-Schöneberg


Tempelhof is a living district for families. The northern part is mainly occupied by the airport Tempelhof which is due to close in 2008.


Schöneberg is younger, borders to City West and East. It hosts several nice restaurants and bars and is well-known for its cosmopolitan lifestyle. It is cosy area for ageing hippies, young families and homosexuals.

Winterfeldmarkt Markets on Thursdays and saturdays are popular with locals. Buy a coffee or have breakfast; this is a place to watch people and being watched. Breakfast is served usually until 2-3pm

Go out for party-nights in the well-known area around Eisenacherstrasse and Motzstrasse

Viktoria Luise Platz U-Bahnstation U4 with remarkable old houses and in the nights good restaurants and bars around

Akazien-/Goltzstrasse Restaurants, bars, cafes from afghan to Nepalese and Thai

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.

Studio – Raised Ground Floor

Rooms (Living Room/ Bedroom): 1

Living Size (approx.): 42m²

Year of Construction (approx.): 1954

Availability/ Move-in: Immediately

Total running costs: 2,138 € per year

Costs for the landlord: approx. 712 € per year (no allocatable overheads)

Costs for the tenant: approx. 1,426 € per year (allocatable overheads)

Net Yield*: 4.66% (yearly expected landlord-costs are considered)