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Property for sale information

 
Close To City Centre And Grunewald, Good Rental Yield, Low Risk Factor, Charlottenburg - Wilmersdorf, Berlin, Germany  
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
Features:
City
Submission Date:
02-03-2008
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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Calculators

 
Property price: €61,990
 

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