This classical Berliner Altbau was built in 1889, and is a typical representation of the architecture from the late nineteenth century. The lovely red-brick facade features historical stucco decoration, as does the building's impressive entrance hall. The apartment block has nine apartments, between 50 and 130 square metres in size, spread across five floors. The Altbau's attic floor could be expanded following building permission, and has a projected living area of 147 sqm. Renovation work is planned and is in the final stages prior to approval. The renovation will include the addition of south-facing balconies to each of the flats (including this flat), a new elevator, and refurbishment to the facades (front and back) and the stairwell. The seller has made the financial requirements for the renovation work available via the building's maintenance reserve. There are also three car parking spaces available to purchase at € 30,000 each. This 1-bedroom flat in Berlin is currently tenanted with a rental income of € 356.74 per month (excluding utilities), equating to an annual income of € 4,280.88. The tenant has been living in the flat since 01.09.2006 and the division of delaration is from 2017. 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: 719_4
Property Type: Apartment
Address: 14059 Berlin / Charlottenburg
Etagen im Haus: 5
Living area approx:: 51 m2
Renatble area ca.: 51 m2
Rooms: 2
Bedrooms: 1
Bathrooms: 1
Balconies: 1
Year of construction: 1889
Status: tenanted
Parking space:: 30,000 EUR (Amount: 1)
Buyer's commission: 7.14% of the purchase price including tax Including Tax
Net rent: 356.74 EUR
Purchase price: 215,586 EUR