URL: http://myoverseasproperty.ie/viewlisting.php?id=7371

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

Name:
Chris O'Driscoll

Company:
MPS Global

Phone:
00353 14911422
Fax:

Mobile: