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INCOME Buy-to-let apartments in solid building in green district

/ BERLIN

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Location: Region Brandenburg, Berlin MAP
Development: Residential
Unit types: Apartments (various types), Studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, Large apartments
Total number of units:22
Units available for sale:15 (68%)
Unit sizes: 0 sq.m FLOOR PLANS
Development status: Completed & operational
Ownership: Freehold
Rental return (p.a.): 4% (estimated)
No commission

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Complex/building features

Total unfolded area of the building/s 1778 sq.m
Total number of units 22
Type of construction Brick-built / Completely refurbished property / Completely renovated building

Distances

Bus stop 100 m
Railway station 1 km

Rental income features

Rental demand in the area High,Long-term rental,Short-term rental
Who will rent Local people
Unit finishing in order to rent Fully-furnished
Annual rental income 4% (estimated)

Exit strategy

Easy exit Moderate
Who will buy Foreign buyers, Local people

*Please note that exit or resale of property depends on market conditions.

Unit/apartment features

Furnishing Fully furnished
Flooring in rooms Parquet flooring, Tiled flooring
Heating Gas heating system
Windows Wooden window frames
Views from units Town views, Views to inner garden

Facilities in the complex/building

Communal Garden, Park
Recreational Children's playground

Additional purchasing costs

These additional costs include the following, among others:

Notary fees 1,6�2 %
Other costs Real estate transfer tax: 6 %

Ongoing costs and aftersale charges

Maintenance charge Obligatory, �1.00 m² per month

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Interested in this offer?

Ivan Lardev

Sales Director
Headquarters, Sofia

+359 988... +359 988 170 903 show number
+359 2 4... +359 2 454 13 17 show number
+359 883... +359 883 700 335 show number
ivan@... ivan@stonehard.bg show e-mail
Ref. No.: GER #206

Located in the green, northern district of Berlin-Pankow

Building from 1900, refurbished in 1996�2000

22 unique apartments for live or rent, great for investment

Immediate returns after the purchase

Low price per square metre

Solid building, without considerable maintenance needs

Popular Altbau style with monument protected facade

Location
This building is a representative, city multifamily house in the villa suburb Wilhelmsruh in Berlin-Pankow.
The immediate neighborhood of the building is dominantly shaped by individual one family houses, tree-lined streets and spacious green areas. It is only 1 or 1.5 km distance to Wilhelmsruh�s lake, the train station S-Bahnhof Wilhelmsruh, the conservation area Zingerwiese and the Schönholzer Heide.
There are a couple of recreational and sports facilities in the vicinity. Also, all local supplies, schools, kindergartens, doctors and all the other service providers are not far from the property.
It is ideally connected to the public transport through a stop in front of the house.

About the property
The object has been built as a three-level building between 1915 and 1920. Essential parts of the building were renovated in 1966. Modernisation of the building was made between 1996�2000.

A new roof covering with complete heat insulation was carried out, amongst others. Also, the windows have been replaced with high-quality and double-glazed wooden windows and all doors have been renewed or renovated. The house entrance doors have been completely replaced in the course of the staircase renovation. The bannisters and steps have been refurbished, and a decorative Sisal carpet was laid. New wooden battens separate the individual cellar compartments in the cellar area.
The cold and hot water strands have also been extensively renovated just as the strands of the heating. A new gas heating system, including new radiators in each apartment, has been installed. The stucco facade has been renovated with great care and attention to detail; it now highlights the grand character of the house.
The latest procedures and renewals have been implemented very carefully, not to compromise the aesthetic character of the building, but to increase sustainably the living quality. For example, at some apartments (apt. 7, 9, 10, 12, 13, 15, 16, 18) balconies towards the courtyard have been installed. These have been completed as spandrel-braced steel constructions and combine the rich character of the house with high-quality, modern components. For the seam, wood planking made from Siberian Larch has been used.
In the ground floor (apt. 1, 5) terraces will be arranged, also with wooden planking made from Siberian Larch. All apartments at the side of the street, in the first and second floor (apt. 7�18) have French balconies with a cantilever plate of concrete and an iron railing.
Furthermore, the green areas in front of the house and the inner courtyard have been newly planted and equipped with a children�s playground.

The entire property is in a beautiful and inviting condition. From the outside facilities, via the inner courtyard, the facade and through to the individual apartments, all redevelopment works have been completed.
All kitchens have been equipped with modern brand devices and furniture, together with modern floor tiles and a tiled backsplash in 1996.
All bathrooms of the property come with a high-quality sanitary ware of Villeroy & Boch and are tiled. In addition to the hand basin and WC, every apartment also has a bathtub.
Furthermore, some apartmens (apt. 9, 10, 15, 16, 19�22) have a separate shower.
To match the Altbau charme, the internal doors of the house have been refurbished as Berlin-cabinet doors. To highlight this special Altbau charme, great value and care were placed on the renewal of the stuccoed ceiling. The matching real wood parquet completes the feel-good atmosphere.

Location (exact)

This is the exact location of the property development.

Gallery

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Floor Plans

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Floor plans of the development
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Price list

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Price list of available units
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Quarter/Area

Pankow
The popularity of Pankow reflects the strong population growth over the past years. For the future, those responsible for Berlin are predicting the strongest growth of all of Berlin�s districts for Pankow.
Pankow combines the vibrant centre of the capital city with the manageable and more spacious districts and offers in many places urban �Kiez�s� (neighbourhoods) that give this district its unique flair. This combination is very popular with many people that enjoy the city life, but also seek a haven from everyday stress.
As the district with many recreational, leisure and green areas, it offers a good population density. The strong growth predictions for Pankow keep the demand for appropriate living spaces equally high. Especially families are choosing this district, which has the highest birth rate in Berlin.

Contacts

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Ivan Lardev

Sales Director
Office Headquarters, Sofia

+359 988... +359 988 170 903 show number
+359 2 4... +359 2 454 13 17 show number
+359 883... +359 883 700 335 show number
ivan@... ivan@stonehard.bg show e-mail
Ref. No.: GER #206

Developments in by features

New-build developments Properties with deferred payment Properties with additional bonus Properties on offer

GUARANTEEDINCOME Buy-to-let apartments in solid building in green district

Complex/building features

Distances

Rental income features

Exit strategy

Unit/apartment features

Facilities in the complex/building

Additional purchasing costs

Ongoing costs and aftersale charges

Location (exact)

Gallery

Floor Plans

Price list

Quarter/Area

Contacts

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GUARANTEED
INCOME Buy-to-let apartments in solid building in green district

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