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Property for sale information

 
Borne Strase  
Reference nr: GL219792
Description:

Lynch Property are delighted to bring this property consisting of 15 Apartments and 2 Commercial Units to the market in excellent condition, in the stunning city of Berlin. Fully Let - 5% return

Why choose this investment ?
5% Return on your investment.
Already rented out to a tenant who is there for many years.
Small initial outlay. Only 5% purchase fees (stamp duty & notary).
Currently no capital gains tax on properties held for 10 years.
Management company will be in place to take care of day to day running.
Mortgages available from German banks via Irish finance broker in Dublin.
Excellent building in superb condition. Fully approved by surveyor.
Building was recently refurbished to a high standard.

All apartments with wooden floors. All bathrooms and kitchen tiled.
All apartments have new double glazed windows.
All apartment have high ceilings.
All apartments are bright and have views to the front.
All apartments have storage space allocated to them in the basement.
Close to recreational parks and lake.
Buildings pictured on next page are all close by.
Only 5/6 minutes from Alexander Platz (major centre).
Only 10/12 minutes from Potsdamer Platz (other major centre).
Close to busy shopping street.
Within 100metres of major link road to the city centre.
Within 100metres of Public Transport, incl Public Tram direct into city centre.
Daily flights with Aer Lingus (7amDublinto Berlin - 11am Berlin to Dublin).

When people say “Guaranteed Rent” with an overseas property this is what they mean. Almost 90% of residents in Berlin rent and all the units in this block are rented and have been for many years.

Berlin has been at a low for many years and as a result property prices currently represent excellent value. Recent studies have shown that the economy is recovering and that Business Confidence and Consumer Confidence is the highest it has been for 15 years.

The World Cup Final is being held in Berlin this summer and as a result of the publicity this will bring, property prices are set to rise.

This property is on the border of Prenslauer Berg and Wiesensee, which are now two of the most popular areas for native Germans in Berlin. We encourage you to come and view the property for yourself.

Bedrooms: Bathrooms: Price (€):
1 1 52,000
Features:
City
Submission Date:
11-30-2007
Last Update:
11-30-2007
Advertiser Details:


Name:
Gavan Lynch

Company:
Lynch Property

Phone:

Fax:

Mobile:

 
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Calculators

 
Property price: €52,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations