Full Description

SECURE, RECENTLY RENOVATED INVESTMENT.

This prominent turn-of-the century 5-storey building was completely modernized in 2003/2004 including facade, windows, roof, stair- and hallways and a new design of the surrounding park and backyard. The attic has been upgraded in the last few weeks and is completely new with a high standard of wood floors throughout the living spaces and convenient tile floors in the bathrooms. Offering balconies and terraces, these attic apartments are very bright and give a clear view over Tempelhof, one of the best housing areas of Berlin.

Werderstrasse is in the very heart of Berlin in the north of the Tempelhof district. It is a quiet and comfortable living area known for excellent living and service conditions. Public transport as well as service and care facilities are close by. The area is characterized by modernized 4 and 5 storey buildings as well as quiet green streets with three public parks and a lake within walking distance.

Fantastic opportunity to invest in this up and coming district of Berlin. Purchase is possible with a deposit of 5%. Both apartments are currently untenanted - a self-managed project, the owner can decide how and when the property is rented or keep it for personal occupancy. Property management services are not contractually guaranteed but will be arranged for the investor. A unique opportunity to invest in this brand new buy to let residential property.

Berlin is the third biggest tourist city in Europe, the government centre and the educational centre of Germany. It is the most significant cultural centre east of Paris and the capital of one of Europe's most successful economies. In the economic arena Berlin is finding its place in the industry-dominated German economy as a new service and technology centre. Over the last seven years the Berlin government has invested - 75 billion in developing the city and its transport infrastructure.

Key selling points and investment justifications:

• Increasing rental demand in this area
• Flats are in mint condition, ready to move into or rent out
• Rental guarantee of 6,50 EUR per m² until the flat is rented
• Completely new - no maintenance issues in the next years
• Financing up to 60 % Loan to value
• Closing cost of appr. 8% including notary, solicitor, property tax and registration fees
• Up and coming district - one of the best housing areas of Berlin

Werderstrasse
Germany, Berlin, Tempelhof

Two Bedrooms 91m2 to 91m2 - 169000 to 169000 euros,
Three Bedrooms 115m2 to 115m2 - 209000 to 209000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 4.9%