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Property for sale information

 
SECURE, RECENTLY RENOVATED INVESTMENT  
Reference nr: Werderstra
Description:

This prominent turn-of-the century 5-storey building was completely modernized in 2003/2004 including facade, windows, roof, stair- and hallways and a new design of the surrounding park and backyard. The attic has been upgraded in the last few weeks and is completely new with a high standard of wood floors throughout the living spaces and convenient tile floors in the bathrooms. Offering balconies and terraces, these attic apartments are very bright and give a clear view over Tempelhof, one of the best housing areas of Berlin.

Werderstrasse is in the very heart of Berlin in the north of the Tempelhof district. It is a quiet and comfortable living area known for excellent living and service conditions. Public transport as well as service and care facilities are close by. The area is characterized by modernized 4 and 5 storey buildings as well as quiet green streets with three public parks and a lake within walking distance.

Fantastic opportunity to invest in this up and coming district of Berlin. Purchase is possible with a deposit of 5%. Both apartments are currently untenanted - a self-managed project, the owner can decide how and when the property is rented or keep it for personal occupancy. Property management services are not contractually guaranteed but will be arranged for the investor. A unique opportunity to invest in this brand new buy to let residential property.

Berlin is the third biggest tourist city in Europe, the government centre and the educational centre of Germany. It is the most significant cultural centre east of Paris and the capital of one of Europe's most successful economies. In the economic arena Berlin is finding its place in the industry-dominated German economy as a new service and technology centre. Over the last seven years the Berlin government has invested €75 billion in developing the city and its transport infrastructure.




WERDERSTRASSE
Germany, Berlin, Tempelhof

Two Bedrooms 91m² to 91m² €169,000 to €169,000
Three Bedrooms 115m² to 115m² €209,000 to €209,000


Classic - Buy to Let
EXPECTED RENTAL INCOME UP TO: 4.90%

Bedrooms: Bathrooms: Price (€):
2 1 169,000
Features:
City
Submission Date:
03-19-2007
Last Update:
05-09-2007
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: €169,000
 

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