Description:
Location:
Located in a tree-lined avenue developed in the early sixties, they were modernised between 1998 and 2002 with wall insulation and entrance halls. The main shopping area of Berlin is located only 5 minutes walking from these apartments. All blocks have a lift. The interior gardens are also generously laid with bushes, trees and plants to a high standard. Internally, the units have been well cared for by their tenants – 40% of whom have bought their apartments, such is the appeal of the area.
Property Details:
All apartments in this complex are sold with tenants and each is fully managed by one of the most reputable and longest established management companies called GEOBAG. They handle the management of the block and collect rentals for owners and will also act as a rental agency to replace a current tenant should they leave for any reason. It is such a well located area that it is very unlikely that any apartment will remain unlet for any extended period.
Prices of available apartments are as follows – subject to availability:
*Studio apartments from 59,700 euros
*1 bedroom apartments from 80,700 euros
*2 bedroom apartments from 108,700 euros
Rentals:
Net Current Yields range from 3.77% to 4.61% – but these will increase by up to 20% from 1st January 2008 when the current government rental restrictions are lifted.
This is an excellent investment for those investors who want to buy a property in one of the best areas of Berlin at a low price and wait until the inevitable capital appreciation begins to take effect – but with a rental income from day 1.
Mortgages are available on these units up to a maximum of 80% – subject to terms and conditions.
If interested please contact us for details and the chance to view these and other such apartments.
