Full Description

OLD BUILDING CHARM 21ST CENTURY COMFORT.

Originally built in 1874 and recently modernized in 2006, discover this fabulous development located very close to Potzdamer Platz. The renovation included the addition of a gas central heating system, hydraulic elevator and intercom system with a video screen. The hallway mural art and the ornamental decoration throughout have undergone a complete and professional restoration. Balconies are installed on the inner courtyard facade and are orientated to the sunny West. Bathrooms and the kitchen are covered with ceramic tiles and living rooms offer hard wood floors throughout. Typical for period buildings, the 3.5 metres ceilings and large double glazed windows provide a comfortable light flooded atmosphere in the sitting room.

The residence is located only 5 minutes walking distance from the new big centre of Berlin - Potsdamer Platz. It offers various opportunities for entertainment, shopping, culture and recreation. The nearby subway station allows access to the other city centres (Kurfuerstendamm and Alexanderplatz) as well as recreational areas in Berlin's suburban districts. Both apartments are vacant and the developer offers a rental guarantee of 7 EUR per square metres until the apartment is tenanted. Reservations may be effectuated by placing a low deposit retainer of 5% of the purchase price.

The district Mitte represents the new face of Berlin after Germany's reunion. There is no other district that offers more sights to see and things to experience. Places like Unter den Linden, which is an elegant promenade for strolling with many shopping possibilities, or the famous Brandenburger Tor can be reached by the subway within minutes. Schools, playgrounds and day-care facilities for children offer everything a family could ask for.

Currently, Germany is one of the most interesting Real Estate markets in Europe. Boasting an excellent location where property can be bought for 1000 to 3000 euros per square metres, now is the time to buy in Berlin! Many properties are undervalued and forecasts point towards positive economic development which will cause significant price rises over the next 5-7 years.

Key selling points and investment justifications:

· Increasing rental demand in this area
· Transportation is exceptionally good
· Moderate risk investment as property is rent guaranteed
· Easy access to recreational areas
· Property is located in one of the best areas of Berlin
· Financing available up to 60% loan to value
· Closing cost approximately 8% max. including notary, solicitor, property tax and registration fees

Magdeburger Platz
Germany, Berlin, Mitte

Studio 42m2 to 42m2 - 102960 to 102960 euros,
Three Bedrooms 150m2 to 150m2 - 396792 to 396792 euros,
One Bedroom 66m2 to 70m2 - 144980 to 192500 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 4.64%