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HINDENBURGDAMM
Berlin, Steglitz

One Bedroom 57m² to 73m² €76,217 to €95,713
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Two Bedrooms 75m² to 85m² €99,713 to €111,659
    
Classic - Buy to Let
 
EXPECTED RENTAL INCOME UP TO: 4.5%

In the heart of a very green district and fully renovated in 1995, this property features excellent conditions in all apartments with immaculate kitchens and bathrooms in every residential unit, a clean backyard for recreation of the tenants, and thorough thermal isolation for the facade.

The area around Hindenburgdamm is considered a quiet and comfortable living area with Berlin's Botanic Garden and the second largest shopping area nearby. All necessary facilities (including schools and shopping) are close by and the city train / metro station Rathaus Steglitz provides quick access to all of Berlin. Steglitz is very popular for Berlin tenants because of its numerous recreational areas and good connection to the city centre. Property management services are not contractually guaranteed but will be arranged for the investor.

Currently, Germany is considered as one of the fastest growing property markets in Europe. Interest rates are still low and the growing economy will result in a significant price rises over the next 5-7 years. Compared to London or Paris, real estate in Berlin is undervalued with prices at 1,000 - 3,000 EUR per sqm in many excellent areas. Now is the time to buy in Berlin!

Key selling points and investment justifications:

  • Reservation is possible with a deposit of 5%
  • Located in one of the most desirable area of Berlin
  • Moderate risk investment as property is tenanted
  • Increasing rental demand in this area
  • Purchase price is below actual prevailing market values
  • Financing available up to 60% Loan to value
  • Rental guarantee of 5,00 EUR per sqm
  • Recently renovated - no maintenance issues in the next years
  • Closing cost of 8% max. including notary, solicitor, property tax and registration fees

 

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