Reference nr:
LO861234
Description:
The property is in the heart of the city centre of West Berlin in Charlottenburg-Grunewald. The location has excellent transportation facilities with U-Bahn and S-Bahn stops and the Avus and Berliner Ring road also very close by. The Tegel Airport, currently Berlins biggest, is also under 20 minutes away, which can be reached by catching a bus literally in front of the development. Good quality local schools are close by with access to hospitals and healthcare within a few minutes walk.
• Healthy rental yield between 4.2%-5.8% • Expected capital appreciation p/a 10% • Risk Factor 2/10 (very low risk) • Prices from €61,990 - €74,980 • Property types: Studio Apartments, 1-Bedroom Apartments • Target rental market: young professionals
Area: The district of Charlottenburg – Wilmersdorf is an area to the south west of the new centre of Berlin. From the front of the building facing North East you can see the Kurfuerstendamm with its theatres, restaurants, bars, exclusive shops and street cafés which starts a mere 30 metres away from the development. To the rear of the development facing the west you can see Grunewald, the city’s wealthiest area with its exclusive villas, embassies, consulates, beautiful forests and lakes. These wonderful views can be enjoyed from the balconies located on the front and the rear of the development.
Development: Optically speaking, this building is a landmark in West Berlin. The structure is in good condition and well kept. The facade has been refurbished, incorporating the latest thermal insulation and all entrances and hallways have been modernised. It has mature gardens with large tree lined roads surrounding the area. The development is clean, well managed and provides secure parking.
Apartments: The studio apartments at Hubertusallee are of a good size, with separate kitchen and bathroom. The balconies are modest but offer fantastic views of the Ku’Damm or the Grunewald Forest.
Studio Apartment, 40.70sqm = Euro 61,990 1 Bedroom Apartment, 49.70sqm = Euro 74,980
Pricing: The average cost per metre square in Berlin is approximately Euro 2,000.00. The development in Charlottenburg/Wilmersdorf demonstrates good value when priced at €1,480 per sq metre well under the average for this premium location.
PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.
Bedrooms: |
Bathrooms: |
Price (€): |
0 (studio) |
1 |
61,990 |
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Features:
City
Submission Date:
02-03-2008
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Advertiser Details:
Name:
Locations - Overseas Department
Company:
Locations
Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:
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