German Property

Investment Property in Germany

Rostocker - Berlin - Tiergarten, Mitte

This is a lovely, bright apartment located on the 4th floor of this old building. In 1994 the building was entirely refurbished and renovated. The apartment itself was totally renovated in 2007 and a entire new kitchen was fit in. Not only that the apartment was fully furnished with new furniture in the year 2007. This is a perfect holiday home. When it is not in use by the owner it can be rented out very easily on a short term basis to other people seeking a holiday home. The current owner is renting out at an average of €1,300.00 per month to such clients.

Summary

Pricing: £80,000 - £88,000
Bedrooms: 1 - 2
Development Type: Apartment
Listing Type: Sale

You, as a new owner will have the benefit of taking over the agreement with the short-term lease company and cleaning personnel, who ensure that the apartment is cleaned after a tenant moves out and ready for the next tenant to move in.

The costs involved are not high. You can expect a net rent of €1,000 per month after subtracting the monthly housing costs and up-keep of the apartment.

Location:

The building is located on a quiet street in a 30km per hour zone. There are excellent public transportation access reachable by foot: the commuter train S-Bahn Beusselstr. is the nearest train station by foot, but there is also 3 different bus lines nearby. The motorway can be reached by car in 2 minutes, the bus to Tegel airport leaves from a bus stop 9 mins away, the main train station Hauptbahnhof can be reached in 12, and there is plenty of parking in the area.

Mitte was a borough in East Berlin, prior to the reunification of Germany in the early 90's. Mitte means centre in German, and when they re-organised the Berlin boroughs in 2001, the once West Berlin boroughs of Tiergarten and Wedding were merged with Mitte and became what is now the main borough of Mitte spanning right across the very heart of Berlin.

The borough of Tiergarten, which means animal park in German, is best known for its large green park, and the many important government buildings, including the residence of the German President, Schloss Bellevue. They are also building the new Federal Ministry of the Interior in Moabit Tiergarten.

Features

• Mortgage Available