District: Kreuzberg-Friedrichshain
Location: Friedrichshain
Don’t miss this investment opportunity… 2x one–bedroom apartments for sale amidst the trendy Berlin district Friedrichshain; Boxhagener Platz and Simon-Dach-Strasse are on your doorstep! Both units are in good condition and offer good-sized balconies. Here you find only renovated historic buildings with attractive facades. 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 public transportation connections are excellent.
Specifications One Bedroom Apartment – Ground Floor – Front Facing Building:
Apartment is in good condition
High ceilings
Double glazed windows
It includes living room, bedroom, kitchen, entrance hall and bathroom with shower
Light flooded rooms
Flooring: Parquet and tiles
Balcony – orientated to the courtyard
Intercom system
Separate storage room in the basement
Specifications One Bedroom Apartment – Top Floor – Front Facing Building:
Apartment is in very good condition – this top floor unit has been extended in 2002
Double glazed windows
It includes living room, bedroom, kitchen, entrance hall and bathroom with shower
Light flooded rooms
Flooring: Timber floor board and tiles
Balcony with stunning views over Berlin – orientated to the road
Intercom system
Separate storage room in the basement
Further details:
Charm of “Altbau” (Old Building)
Central Heating
Green Courtyard/ Garden area
Building is in very good condition; Refurbished and modernised in 2002
Top location in Friedrichshain – next to Boxhagener Platz and Simon-Dach-Strasse, amidst of the trendiest areas with its bars, cafes and restaurants. The well-known Alexanderplatz in Berlin-Mitte is only 4km away. Distance to Schönefeld Airport approx. 16km.
Payment:
100% after signing of the notarial purchase contract. Completed - resale property.
Friedrichshain:
Friedrichshain is a part of Berlin's borough of Friedrichshain-Kreuzberg. From its creation in 1920 until an administrative reform in 2001 it was a freestanding city borough. Formerly part of East Berlin, it is a central borough, adjacent to Mitte, Prenzlauer Berg, Kreuzberg and Lichtenberg. The district is named after the Volkspark Friedrichshain, a vast green park located at the north border to Prenzlauer Berg.
After the fall of the Berlin Wall in November 1989 and German reunification the following October, Friedrichshain began to develop a reputation as a young, dynamic district.
Alongside the neighboring districts of Mitte, Prenzlauer Berg, and Kreuzberg, Friedrichshain is now considered one of Berlin's most fashionable areas, and is home to numerous design and media companies including MTV Central Europe. It is known for its many bars, clubs, pubs, and cafes, concentrated in the vicinity of Simon-Dach-Straße and Boxhagener Platz.
Property 1: One Bedroom Apartment – Ground Floor – Front Facing Building
Rooms (Living room/ Bedroom): 2
Living Size (approx.): 57.71m²
Balcony: Yes
Year of Construction: approx. 1900
Availability/ Move-in: Immediately / Please note: Flat is still rented out but the tenant will move out when the sale takes place.
Total running costs: 1,560 € per year
Yearly additional costs for landlords: approx. 520 € 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. 1,040 € per year
Expected basic rent: 4,155 € per year (6.00 € per m²)
Net Yield*: 5.27% (yearly additional costs are considered)
From 69,000 €
Property 2: One Bedroom Apartment – Top Floor – Front Facing Building
Rooms (Living room/ Bedroom): 2
Living Size (approx.): 52.46m²
Balcony: Yes
Year of Construction: approx. 1900
Availability/ Move-in: Sale – Immediately / Please note: Unit is tenanted. Rent increase of up to 20% would be immediately possible.
Total running costs: 1,716 € per year
Yearly additional costs for landlords: approx. 636 € 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. 1,080 € per year
Basic rent: 3,600 € per year (5.72 € per m²); Expected basic rent: 4,318 € per year (6.86 € per m²)
Net Yield*: 3.57%; Expected Net Yield*: 3.68% (yearly additional costs are considered)
From 83,000 €
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