Full Description

TENANTED AND WELL LOCATED APARTMENT .

Built in 1963 and situated in a calm area, this property offers excellent living conditions as a result of regular refurbishment over the years (roof renovation in 2005 as well). The flat also offers a lovely balcony overlooking an alottment. Parking places are reserved for tenants.

The nearby bus stop and train station allow quick access to the city centre. Mariendorferdamm, one of the largest shopping streets in southern Berlin, is just a 10 minute walk. Local schools, kindergardens, and a recreational area with parks, lakes and sports grounds make this area popular for families. The Ufa-Fabrik on the former site of the legendary Ufa film studios also offers alternative culture progams. Tempelhof's major sights are the Airlift Memorial and the city airport which is the world's second largest continuous building (behind the Pentagon). Reservation is possible with a low deposit of 5 % to purchase this residential unit. Property management services are not contractually guaranteed but will either be arranged for the investor or sourced on the open market directly.

Germany features stable growth and offers investors great forecasts for economical development. Significant price increases are expected in the next 5-7 years. Compared to London or Paris, real estate in Berlin is undervalued with prices at EUR 1,000 - 3,000 per sqm in many excellent areas. Now is the time to buy in Berlin!

Key selling points and investment justifications:

• Moderate risk property as apartment is already tenanted
• Purchase price is under market value
• The common building and grounds regularly refurbished
• Many shopping possibilities nearby
• For Cash Only Buyer - close within one month
• Reservation is possible with a deposit of 5%
• Closing cost appr. 8% max. including notary, solicitor, property tax and registration fees

Wolfsburger
Germany, Berlin, Tempelhof

One Bedroom 60m2 to 60m2 - 64900 to 64900 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 7.95%