Investment opportunity in top Berlin location: Kreuzberg. Studio apartment in lovely Altbau building. Situated in the popular 'Wrangelkietz' close to Paul-Linke-Ufer and Goerlitzer Park. 2.31% yield! Nestled in an unusually quiet are of Kreuzberg, this studio apartment is situated on the ground floor of a classical Berliner Altbau built in 1900. The apartment has been tenanted since 2006 with a net rental income of EUR 221.56 per month (excluding utilities), equating to an annual income of EUR 2,658.72 per annum and a corresponding yield of 2.31%. The division of declaration is from 11.12.2012. Kreuzberg is arguably one of the most popular districts in Berlin, renowned for its creative lifestyle and atmosphere. The apartment is situated in Wrangelkietz, just minutes from Georlitzer Park, Paul-Linke-Ufer (Berlin's most beautiful canal) and Reichenbergstrasse. Public transport connections are good, with the U-Bahn Goerlitzer Station is a ten minute walk away and various bus lines in the surrounding streets. Considering its sought after location in an area of Berlin which is experiencing continuous growth and popularity, this apartment presents an excellent investment opportunity. Additional Information . Black Label's international team can offer advice on all stages of property purchase. Our team speaks fluent English, German, French and Mandarin. We work together with a team of English-speaking lawyers, notaries and mortgage brokers in Berlin, who are at hand to explain the financial and legal process of buying real estate in Germany. We can provide you with a varied choice of properties to suit your needs - whether you plan to use it yourself or are looking for an investment. We also offer property management packages for both furnished and unfurnished lettings, as well as a complete design and furnishing service tailored to your style. Please get in touch with our friendly international team for more information.
Objectdata
Object ID: 227_2
Property Type: Apartment, Ground floor apartment
Address: 10999 Berlin / Kreuzberg
Floor: EG
Etagen im Haus: 5
Living area approx:: 30 m2
Renatble area ca.: 30 m2
Rooms: 1
Bedrooms: 1
Bathrooms: 1
Heizungsart: Central heating
Heating system: Gas
Year of construction: 1900
Status: tenanted
Maintenance fees: 118.06 EUR
Buyer's commission
7.14% of the purchase price including taxIncluding Tax
Net rent: 221.56 EUR
Rental income: 2,658.72 EUR
Rental income: 2,658.72 EUR
Purchase price: 115,000 EUR