House / Villa For Sale in Berlin, Berlin

Price:€51,327    £ $    (Sponsored by Anello FX)		Agent Information
Condition:	Unknown
Property Type:	House / Villa
Bedrooms:	1
Bathrooms:	1
Receptions:
Status:	Available

Harrison Stone are marketing this house / villa for sale in Germany

NeueBahnhof Straße28 is the latest development in Berlin, Germany. Located in Friedrichshain, the heart of central Berlin, this development offers investors a unique opportunity to purchase an apartment in a fully managed building with a pooled rental income which will generate consistent long term rental income and offering investors the ben ... moreefit of future forecast capital growth.Key investment Criteria:* Excellent Location* Pooled rental system providing consistent rental income· Building & apartment management services included* Large light filled apartments* High capital increase forecast* Purchase finance available* Prices from €79,000NeueBahnhof Straße28 consists of 5 floors including 36 apartments and 2 commercial units situated in 3 sections surrounding a central courtyard. There are 9 studio and 27 large one bed apartments. The roof space will be converted in late 2007 into 5 luxurious high Specification 1 and 2 bed penthouse apartments. The building is currently 100% let and in excellent structural condition.The LocationFriedrichshain is fast becoming one of Berlin's most fashionable areas and is home to numerous design and media companies including MTV Central Europe and Universal studio's Europe. It is known for its many bars, clubs, pubs, and cafes, concentrated in and around Simon-Dach-Strasse and Boxhagener Platz. As Friedrichshain's popularity rises and improvements to the local area reflect confidence in this district and pave the way for large-scale capital appreciation. With fast and frequent transport links, tree-lined avenues, popular schools, social-life and amenities there is increasing demand for rental properties like NeueBahnhof Straße28 amongst Berlin's growing young professional classes.Friedrichshain at a Glance:* Friedrichshain Part of the former East Berlin. Along with Prenzlauer Berg, it has established itself as one of the most sought-after addresses in Berlin.* Friedrichshain is a dynamic, young, district home to upwardly mobile urban socialites, young families, and Berlin's affluent tenants.* Friedrichshain borders Mitte - Berlin's commercial and business centre.* Friedrichshain is serviced by Excellent transport links including U-Bahn (underground rail), S-Bahn (fast overland rail) and Trams* Simon-Dach-Straße - a street buzzing with bars, pubs, restaurants and clubs, not only the heart of Friedrichshain but arguably of Berlin itself.* Boxhagener Platz - another chic urban hang-out in the heart of the Friedrichshain* Frankfurter Allee - large avenue constructed after the second world war II leading to Alexander Platz and lined with imposing attractive buildings, most notably Frankfurter TorBuilding LocationNeueBahnhof Straße28 is located on NeueBahnhofstr near to the popular Boxhagenerstr famed locally for its shops, restaurants, cafes and bars. The building is 150m from the Ostkreuz (east cross) S-Bahn train station which is about to undergo a large-scale redevelopment to include the development of a modern shopping complex with restaurants, cafes, cinemas, apartments and offices. Development work will be complete by 2010 and will have an immediate upward impact on the value of apartments in NeueBahnhof Straße28. NeueBahnhof Straße28 residents are a short walking distance from Simon-Dach-Straße, schools, hospitals, sporting facilities and parks ensuring a high quality of life and consistent rental demand.Building DescriptionNeueBahnhof Straße28 consists of 5 floors including 36 apartments and 2 commercial units situated in 3 sections surrounding a central courtyard. There are 9 studio and 27 large one bed apartments. The roof space will be converted in late 2007 into 5 luxurious high Specification 1 and 2 bed penthouse apartments. The building is currently 100% let and in excellent structural condition. A programme of improvements is planned to coincide with the development of the lofts and when complete investors will benefit from the following features:* Upgraded building Façades and common areas* 2 High specification contemporary glass lifts* Unique roof garden for the use of all building residents* Landscaped courtyard and rear garden* Security access* Secure storage rooms for each apartment in the building's basement* Cycle parking spacesApartment DescriptionIt is standard in Berlin for tenants to rent the apartments unfurnished and in most cases (excluding high-spec penthouses) without kitchens or kitchen appliances. The apartments in NeueBahnhof Straße28 will be sold with the standard specification expected for this location. Each apartment can boast large light filled rooms with views to the street and/or the courtyard or rear garden. Specifications include high ceilings, excellent heat and sound insulation, polished hardwood (Oak) floors, tiled bathrooms and gas fired central heating. Average apartment sizes are unusually large with studio's averaging 32 sqm (342 sqft) and one beds averaging 66 sqm (704 sqft).Letting & ManagementA management company will coordinate the letting and rent collection for each apartment in NeueBahnhofStraße28. The management company collects the monthly £Warm' rent from each tenant, pays the utility bills, associated common charges and management fees. The remainder the NET or £Cold' rent will be paid directly to the owner's bank account on a monthly basis. Tenants tend to live in their apartment for many years however, should a tenant decide to leave NeueBahnhofStraße28, the management company will advertise the apartment's availability, find suitable tenants and carry out all of the necessary background and credit checks. The management company, acting on behalf of the owners, will coordinate, manage, implement, organise the terms of the lease, and the day to day maintenance of the building.Rent PoolingOn behalf of the apartment owner's the management company will operate a pooled rental system. This a unique system where the total NET rent in the building is collected and distributed to each apartment owner on a % basis (an owner will receive a % of the rent equal to the % of the building area their apartment makes up). Apartment owners then benefit from achieving a % of the rent the entire building is generating thus removing the potential for unlet periods generating no income. The Management Company will also increase rents annually in line with lease terms and current upward trends. Apartment owners will achieve a % of this increase (even if the rent in their apartment does not increase). Owners will commit to this rental arrangement when signing purchase contracts and this agreement will be in operation for a period of five years after which time apartment owners can decide whether or not they want to keep the system in operation.Purchase Procedure:* €2,000 deposit (non-refundable) paid upon the signing of the reservation contact* 25% of the purchase price (less the reservation deposit) to be paid within 7 days of signing the purchase contract* 75% of the purchase price to be paid upon handover* Local finance availableOnly 23 apartments left on this great developmentLocation: City/TownRegion: BerlinProperty Type: ResaleCategory: ResidentialBedrooms: 1Bathrooms: 1Swimming Pool: YesOutside Areas: NoTo request further details please use the Contact Us link below.To view more properties from Harrison Stone click the 'More Properties' link below. ... less