Description

location
The capital, Berlin, is known far beyond Germany's borders and is equally popular for its cosmopolitan image. The cultural diversity, the historical conciseness and the highly esteemed tolerance of this world metropolis are unparalleled. Here everyone can be as he wants and live out his preferred lifestyle without limits. So it is not surprising that Berlin has recorded a steady increase in population due to its enormous appeal. The population-richest German city with currently about 3.6 million inhabitants is expected by 2030 a population growth of about 200,000 people. However, the growth of the city does not only relate to the population, but also to tourism, retail sales, project, construction and investment volumes as well as real estate prices. Berlin is rejuvenating demographically and also benefits from continuous immigration - all excellent prospects for long-term investment in the Berlin real estate market, which still offers real estate at affordable prices and attractive returns compared to other parts of the Republic.

The well-maintained units are located in the Westend district of Berlin, which is part of the very popular and sought-after district of Charlottenburg-Wilmersdorf. The houses are listed buildings, which is reflected in the well-preserved and well-kept overall condition of the condominium. The ensemble is characterized above all by its very good and above all quiet location. This residential area, despite its quiet and contemplative charm, has an excellent transport infrastructure. In addition to numerous stations of public transport in the immediate vicinity, which can be easily reached on foot, the location also offers the fastest connections to the city highway.

Description
The condominium is located in a built in about 1923 in typical garden city housing construction group of buildings. The condominium for sale, 2-room-kitchen-hall bath, conservatory is part of an economically independent condominium community. Most apartments have functional sections and daylight bathrooms and almost all have west-facing balconies or conservatories and are in good condition.

In addition to the tenant cellars, storage rooms are available for general use. The heating takes place via a gas floor heating. On the property are located to the west partly shared areas to use green areas and gardens. The vegetation with numerous and varied trees and shrubs makes the view from the window for the residents to enjoy.

The sizes of the units for sale are between 66.09 m² - 114.60 m² and are offered at prices between 244.315 € - 414.100 €. We are happy to let you have more offers on request.

Current Restructuring Measures in Community Property
The following measures are already paid by the owners and will be completed by the end of 2018.

• Renovation of staircases
• Walls, ceilings, steps, lighting, sisal textile flooring
• Renewal of the electrical risers
• Inserting fire doors
• Renewal of meter cabinets (digital electricity meters)
• Laying new cables for cable TV

Key data for the object
• Old building under monument protection
• Year of construction 1921 - 1923
• Garden level, HP, 1st floor and 2nd floor
• 30 apartments
• Gas Heating
• 2- to 4-bedroom apartments
• Apartment sizes from approx. 66 m² to approx. 114 m²
• partially shared green areas

Costs and rental income:
Verwalterkosten WEG / year: 307,20 € (1st WAY) 25,60 mtl
Administrator costs SE / year: € 357.00 (optional) 29.75 mtl
Maintenance m² / year: 9,48 € (1st WAY) 60,67 mtl

Non-convertible additional costs for investors 116.02 € incl. SE administration

Rental income p / a: 9112,56 €
Rental income: 759.38 €

domestic equipments
The following measures are already paid by the owners and will be completed by the end of 2018.

• Renovation of staircases
• Walls, ceilings, steps, lighting, sisal textile flooring
• Renewal of the electrical risers
• Inserting fire doors
• Renewal of meter cabinets (digital electricity meters)
• Laying new cables for cable TV
• Floor coverings Tiles / laminate / wood flooring

When purchasing this property, a buyer's commission of 3.57% including VAT is payable on the notarised purchase price.

All interior photos are sample images, the furniture is not part of the offer

Tax:
For real estate, according to § 7 EStG a straight-line depreciation of 2% on the production costs applies. Outdoor facilities and equipment can be depreciated if necessary. Tax effects are to be determined individually. This is not tax advice information. For details, please ask your tax advisor.