District: Charlottenburg-Wilmersdorf
Location: Wilmersdorf
Hot investment opportunity, especially in regards to the capital growth aspect! Located in a quiet back road in the Charlottenburg-Wilmersdorf district, next to the well-known shopping road “Kurfürstendamm” and close to the trendy “Stuttgarter Platz”, this vacant flat with a size of approx. 26.55m² (in good condition) features a living room with sleeping niche, bath with shower, small kitchen and an entrance hall. All facilities incl. shops, fitness centres etc. you will find in direct neighbourhood. The public transportation connections are excellent.
Specifications:
Apartment is in good condition
Light-flooded room
Separate storage room in the basement
Central heating
Lift
The building is in well-kept condition
Top location in Charlottenburg-Wilmersdorf – The shopping-road Kurfürstendamm on your doorstep, trendy places like Olivaer Platz, Stuttgarter Platz and Savigny Platz are only a few minutes away. Recreational places like the Grunewald or the lake “Lietzensee” you can reach after a short drive.
Payment:
Resale Properties; 100% after signing of the notarial purchase contract.
Charlottenburg-Wilmersdorf:
Wilmersdorf is a 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. 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.
Charlottenburg is situated north of the famous Kurfürstendamm, one of Berlin's major shopping areas that developed in the West during the years that Berlin was divided. It is together with Zehlendorf the wealthiest part of Berlin as well as the most popular residential location. The region has a number of famous landmarks, perhaps the best known being Schloss Charlottenburg, an elegant palace commissioned in 1695 by Queen Sophie Charlotte. Trendy places: Savigny Platz, Olivaer Platz, Stuttgarter Platz; further on the internationally renowned Berlin Institute of Technology is located here.
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 – Sixth Floor
Rooms (Living and Dining Room/ Bedrooms): 1
Living Size (approx.): 26.55m²
Year of Construction: Sixties
Availability/ Move-in: Immediately
Total running costs: 2,040 € per year
Yearly additional costs for landlords: approx. 510 € 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. 1,530 € per year
Expected basic rent: 2,520 € per year (7.90 € per m²)
Net yield: 4.19% (yearly additional costs are considered)
From 48,000 €
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