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Property for sale information

 
Vineta Residences  
Reference nr: CM289897
Description:

* Spacious 2 bed apartment - Net rental income PA €3,435.57
* 10-year rent/apartment management – tenant support, rent administration and operating cost accounting
* 10-year Repair and Modernisation Guarantee – all the necessary repairs and upgrades to your apartment
* 10-year Rent Guarantee – insuring your rental income
* In addition all guarantees are secured by bank guarantee
Berlin is rightly viewed by experts and investors as one of the most undervalued capital cities in the world. Prices in Berlin, the capital of one of the world biggest economic powers, are up to five times cheaper than the major European cities of London, Paris and Dublin.

Vineta Residences, in Prenzlauer Berg, Berlin is a prime example of a beautifully refurbished building with excellent capital growth potential and a guaranteed rental income. The location is excellent - Prenzlauer Berg is one of the most fashionable districts in Berlin at the moment with beautiful residential areas, bustling shopping centres and a variety of cosmopolitan bars and restaurants.

There are 68 units for sale and prices range from €68,820 - €171,000. Up to 60% financing is available and the developer is offering 10 year rental, maintenance and management guarantees. This is a terrific investment opportunity.
For further information contact: 1890 425 425
or
Email investments@someplaceelse.ie to receive full brochure.

Bedrooms: Bathrooms: Price (€):
2 1 85,889
Features:
City
Submission Date:
12-17-2007
Last Update:
03-20-2008
Advertiser Details:


Name:
Colin Murphy

Company:
Someplace Else

Phone:
1890 425 425
Fax:
+ 353 1 258 6016
Mobile:
+ 353 8720 77755

 
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Calculators

 
Property price: €85,889
 

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