Full Description

RECENTLY RENOVATED ALREADY TENANTED.

With the facade, courtyard, hallways, stairways, windows and roof recently renovated, this ideal investment opportunity adds to its attraction by being situated within the desirable and traditional Alt-Templehof district. Constructed in 1928 the building consists of 15 units with excellent construction.

Borussiastrasse is a small and quiet side street leading to the larger Manteuffelstrasse and the important Tempelhofer Damm. The Metro Station Alt-Tempelhof offers the fast city train as well as several bus lines directly connecting to the city centre. In addition, the Tempelhofer Damm and nearby city highway provide quick access to all parts of the city by car. The surrounding area offers all necessary facilities within walking distance. Medical and social services including doctors, schools, kindergardens and entertainment is to be found all around this area.

This is a self managed project, as property management is not contractually guaranteed, but will either be arranged for the investor or sourced on the open market. It is a moderate risk investment opportunity as the property is already tenanted. Reservation is possible with a deposit of 5%. This property in Borussiastrasse is your chance to enter an up-and-coming market at an early stage. As experts consider Berlin as one of the future real estate hot-spots, it won't be long before property prices make up for the stagnation of the recent years.

Key selling points and investment justifications:

· Located in one of the best housing areas of Berlin

· Thorough modernization - no maintenance issues

· Moderate risk investment as property is tenanted

· Purchase price is below actual prevailing market value

· Financing available up to 60% loan to value

· Closing cost of approximately 8% max. including notary, solicitor, property tax and registration fees

Borussia
Germany, Berlin, Tempelhof

Two Bedrooms 59m2 to 85m2 - 121700 to 173350 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 3.96%