Full Description

OPPORTUNITY IN UP AND COMING KREUZBERG .

Recently renovated apartments within a residence of good standing originally built in 1893. The residence was completely modernized in 1992, including the installation of a new gas central heating system, new water pipes in the kitchen and bathrooms and a lift in the interior courtyard. The kitchen and the bathrooms are covered with ceramic tiles and the living room features hard wood floors throughout. The apartments located in the front section of the building have balconies facing southwest, which provides light fluted living space.

Kreuzberg is situated in the city centre of Berlin where more than half of the buildings have been constructed in the beginning of the 20th century. The recent renovations of these buildings over the last few years have drastically improved the quality of living. Kreuzberg has become one of the most popular residential inner city districts over the last decade. During the summer months cafes and restaurants along the Spree River and the Landwehr Channel offer a Mediterranean flair. Attractive developments and the diversity of restaurants are the reason for the districts unique and alluring appearance.

Calm Boeckhstrasse is located at the centre of the neighbourhood and is named after a scientist of ancient times. Old renovated buildings, maple and lime trees, historic street lamps, schools, cafes and small shops dominate the presentation of the street. Coffee can be enjoyed in one of the many smart street cafes. Additionally the neighbourhood offers many good restaurants which are known all over the city. Lush green parks and rest areas such as Volkspark Hasenheide and Boecklerpark are found near by. The underground stations ‘Schönleinstrasse' and ‘Kottbusser Tor' allow for easy access to Berlin's massive public transportation system.

Currently, Germany is considered to be one of the fastest growing property markets in Europe. Interest rates are still low and the growing economy will result in a significant price increase over the next 5-7 years. Compared to London or Paris, Real Estate in Berlin is undervalued, currently priced at 1,000 - 3,000 euros per square metres in excellent locations. Now is the time to buy in Berlin!

Key selling points and investment justifications:

• Reservation is possible with a low deposit of 5%
• Many shopping possibilities nearby
• Located in one of Berlin's trendiest districts
• Increasing rental demand in this area
• Financing available up to 60 % Loan to Value
• Closing cost of 8% max. including notary, solicitor, property tax and registration fees

Boeckhstrasse
Germany, Berlin, Kreuzberg

Studio 35m2 to 37m2 - 57136 to 59765 euros,
One Bedroom 40m2 to 44m2 - 63485 to 71418 euros,
Two Bedrooms 76m2 to 92m2 - 115012 to 171506 euros,
Three Bedrooms 79m2 to 79m2 - 133000 to 133000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 8.18%