Full Description

SOLID INVESTMENT IN HISTORICAL BUILDING.

Constructed in 1909, this beautiful building was completely modernized in 2006 (both common areas and interiors). Fritschestrasse is in the very heart of the Charlottenburg district, known for excellent living and service conditions. The area is characterized by modernized 4 and 5 storey buildings as well as by quiet green streets. Many theatres, small shops and charming bars and cafes add to the districts unique and charming picture.

This low cost investment is a perfect buy to let opportunity with mortgages with low interest rates available. Reservation is possible with low deposit, only 5% fully refundable. Property management services are not contractually guaranteed but will be arranged for the investor.

Excellent opportunity to invest in an elegant residential residence with existing tenants and attractive rental income. An ideal area to live and visit, offering artists in the cafes surround Savignyplatz, excellent shopping along Kurfuerstendamm, a stroll down the tree lined Champs-Elysees of Berlin, buzzing with commerce, and of course, the Schloss Charlottenburg, the largest palace in Berlin. Situated in this central quarter of Berlin, these apartments are an ideal starting point to explore the vibrant Berlin on foot. Self managed property as management will be arranged for the investor.

Key selling points and investment justifications:

• Increasing rental demand in this area
• High standard flats - no maintenance issues
• Transportation is exceptionally good
• Rare opportunity to buy under current market value in this district
• Moderate risk investment as property is tenanted
• Property is located in one of the best areas of Berlin
• Financing available up to 60 % Loan to Value
• Closing cost appr. 8% max. including notary, solicitor, property tax and registration fees

Fritschestrasse
Germany, Berlin, Charlottenburg

One Bedroom 53m2 to 53m2 - 108900 to 108900 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 4.7%