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Property for sale information

 
Germany, Berlin, Pankow / Apartment Block with 14 residential & 2 commercial units  
Price: € 940,500
Mortgage & ROI calculators »
Type: Apartment
Country: Germany
Berlin


Reference nr: LO650070
Description:

EXCELLENT INVESTMENT IN PANKOW – APARTMENT BLOCK / This period town house dates back to 1912 but was modernised in 2000 producing this strikingly attractive façade. The property comprises of 2 commercial units (148m2) and 14 residential apartments (928m2) on a plot size of 758m2. The property has a number of period features and all units have central heating. There is the opportunity to develop the roof space; however, this would require the appropriate permission.

The property has a very competative selling price of just Euro 874 per m2. This fully tenanted property has a rental income exceeding Euro 46,500 and offers a net yield of 5%.

The apartment house is located in Pankow – an area attracting an increasing number of investors. The property is situated centrally in Pankow and offers excellent local amenities and facilities. The local railway station (Wollankstrasse) is approx. 500 metres away.

Type: Apartment Block
Size: 1,076 sqm
Area: Pankow, Wolankstrasse
City: Berlin
Price from: Euro 940,500
Tenanted: yes
Ref No: FBEI1252


PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

Bedrooms: Bathrooms: Price (€):
10 10 940,500
Features:
City
Furnished
Submission Date:
05-16-2008
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: €940,500
 

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