Want to sell your overseas property? Want to advertise your holiday home to rent to 40 million possible renters. Contact us on info@myoverseasproperty.ie
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.