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Property for sale information

 
GREAT INVESTMENT IN DESIRABLE AREA  
Reference nr: Bernauer
Description:

For Cash only Buyer! This exclusive buy to let residential property is situated adjacent to the popular Lake Tegeler See in the Wohnpark am Tegeler See living area. The common property has been thoroughly modernized and features an extremely high quality of living with extensive parks, playgrounds, and mature, well kept landscaping.The building was built in 1935 and consists of 31 three and four storey buildings including 56 parking spots. Recent modernizations include thermal insulation, pipes, electrical systems, intercom systems, and cable TV links.



This studio apartment has been renovated with new oak plank floors, electrical system, stove, windows and sills, and heating system which is connected to the self-contained gas central heating system. The price also includes a storage cellar in the basement of the building. This is a self-managed project as property management can either be arranged for the investor, sourced on the open market or arranged by the investor directly. Reservation is possible with a low deposit of 5%.



The area around the Lake Tegeler See is well known for its exclusivity, high comfort and above-average living quality. Well connected to the public bus system one can quickly reach the city centre as well as the outskirts of Berlin. All necessary facilities are very close by, including supermarkets, social and medical facilities. Plenty of relaxation, leisure, sport and entertainment possibilities are located within the vicinity.



With Berlin being a hot pick among real estate experts, this is your chance to enter an evolving market early. Property prices are still low and living space is available at a fraction of the prices paid in London and Paris. The Berlin government has made significant investments into infrastructure and city upgrading, resulting in increased attractiveness for its people and capital.



BERNAUER
Germany, Berlin, Reinickendorf

Studio 32m² to 33m² €61,384 to €61,384


Classic - Buy to Let
EXPECTED RENTAL INCOME UP TO: 4.81%

Bedrooms: Bathrooms: Price (€):
0 (studio) 61,384
Features:
City
Submission Date:
03-17-2007
Advertiser Details:


Name:
IMOINVEST International

Company:
IMOINVEST International

Phone:
+353 (0)1 443 4411
Fax:
+353 (0)1 616 98 34
Mobile:

 
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Calculators

 
Property price: €61,384
 

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