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Property for sale information

 
Zehlendorf, Berlin, Germany - Luxury Loft Apartments  
Reference nr: LO123372
Description:

LOFT LIVING NOW AVAILABLE IN BERLIN! This exciting new development of Loft Apartments is located in the exclusive residential area of Zehlendorf, Berlin. Now the developer is creating new homes with typical Loft features of space and light including high ceilings, parquet floors and high specification finishes. The concept includes for attractive garden areas and car parking.

There are 40 lofts available with a terrace area and access to the communal gardens. The buyer can specify the final level of interior finishes including the arrangement of bathrooms, flooring etc. The final specification is determined personally by the buyer together with the project architect.

In addition, for investment clients wishing to rent their loft, there is a 10 year tax-free period on rental income due to the listed nature of this historic building. This facility is in accordance with the Historic Preservation Depreciation Benefit and as such subject to the terms and conditions of German legislation.

Your new loft is nestled in the popular district of Zehlendorf, a verdant area to the southwest area of Berlin. The exclusivity of the location, probably one of West Berlin's most sought-after residential districts, is further enhanced by the peaceful surroundings and serves to enhance what is already a superb quality of life. Zehlendorf has both above ground and below ground rail connections ensuring swift transfer times into central Berlin.

There are a number of show homes available for inspection – call now to arrange your visit.


• There are 106 apartments in total with the last phase of 40 apartments just released – planned completions between November 2008 – March 2009.
• The lofts have been developed within a listed building dating back to the 1930s
• A few lofts are complete and ready for immediate occupation.
• All lofts are built to a very high specification
• A buyer in association with the project architect can influence the room arrangement; standard of finishes; kitchens and bathrooms
• The prices start from 114,000 euros for a studio with Mezzanine upper floor.
• All lofts come with a 50% mortgage (subject to status) already in place.
• As a listed building the property offers a tax free rental income allowance over the next 10 years
• The immediate area offers supermarket shopping; kindergarten and public transport
• Zehlendorf is a well established, prime residential area of Berlin with the feel of a typical English market town.
• Located nearby is the beautiful Grunewald forest/ Wannsee recreational areas offering sailing, cycling, rambling, etc
• Zehlendorf is only 15 - 20 minutes drive from the Ku Damm in the centre of Berlin.
• A park area and high school are elements of the site development

Starting from Euro 114,000 for studio with Mezzanine upper floor


PLEASE CALL OUR OVERSEAS DEPARTMENT 01-6771188.

Bedrooms: Bathrooms: Price (€):
1 1 114,000
Features:
City
Furnished
Submission Date:
03-10-2008
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: €114,000
 

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