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Property for sale information

 
Whilelmshavener Residence  
Reference nr: CO140617
Description:

Wilhelmshavener Residence

Location
Wilhelmshavener Residence is a charming residence situated on a quiet leafy street in Moabit, the region of Berlin – Mitte. The property is very central and benefits from being close to the new railway station at Hauptbahnhof as well as the Reichstag and office of the German Chancellor. Just a few moments walk from the property is the shopping district at Turmstrasse.

Description
Originally built in 1958 the building was refurbished in 2000 and is currently undergoing further work, including further modernisation of common areas and a new building facade. In 2000, new apartments were also built onto the roof and a balcony was added to each apartment. The property benefits from an elevator, entry system and a pleasant garden area.

There is a gas central heating installed, all bathrooms are fully tiled and in the kitchen the necessary white goods are installed ready for rental. Currently all but one apartment is rented and many tenants have made Wilhelmshavener Strasse their permanent home.


Property Features

* Great Investment building to undergo further refurbishments that will benefit new owners.

* Strong capital growth potential

* Long term rental contracts

* 3 year rental guarantee at 5% net yield

* Properties already let to high quality tenants

* 60% mortgage available

* Full management included

Prices

* Studio Apartments from €59,250 - current net rental income €246/month

* 1 Bedroom Apartments from €93,550 - current net rental income €389/month

* 2 Bedroom Apartments from €142,250 - current net rental income €592/month

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 59,250
1 1 93,550
2 142,250
Features:
City
Submission Date:
07-29-2008
Advertiser Details:


Name:
Chris O'Driscoll

Company:
MPS Global

Phone:
00353 14911422
Fax:

Mobile:

 
Property Photo Gallery

 

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Calculators

 
Property price: €59,250
 

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