Full Description

BEAUTIFUL DESIRABLE SPANDAU DISTRICT.

Totally modernized in 1995, this building features an upgraded attic floor and renovated roof structures, refurbished facade and staircases as well as a modern gas central heating system. Situated in the Mittelstrasse building consisting of 4 storeys with 21 units, this well priced flat is located on the 4th floor and consists of three well-tailored bedrooms and a charming balcony.

Mittelstrasse is part of the beautiful Spandau district which is considered to have the highest level of comfort and quality of living in Berlin. Close to the picturesque river Havel and several public parks including the large Berliner Forst, this location provides a healthy environment and plenty of relaxation possibilities. Spandau itself offers all the facilities needed including great shopping destinations such as the Spandau Arcaden, schools, medical and entertainment facilities. Excellent access to the public transport system via the city train, metro and bus lines leaving from Spandau station is available just a five minute walk from the property. Reservation is possible with a low deposit of 5%. This is a self managed project, as property management services are not contractually guaranteed but will either be arranged for the investor or sourced on the open market.

Real estate in Berlin is on the rise - with Germany's capital considered a hot pick for many experts. Currently property is still available at a fraction of the prizes paid in London or Paris, but this is deemed to adjust over the next years. To this end, this buy to let residential is the opportunity to enter this attractive market at low cost and low risk. Reserve now with only 5% deposit (fully refundable).

Key selling points and investment justifications:

• Up and coming district - one of the best housing areas of Berlin
• Great access to public transport
• Moderate risk investment as property is tenanted
• Reservation is possible with a low deposit of 5%
• Financing up to 60% loan to value
• Closing cost of appr. 8% including notary, solicitor, property tax and registration fees

Mittel
Germany, Berlin, Spandau

Two Bedrooms 67m2 to 67m2 - 87500 to 87500 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 5.0%