Berlin Property for Sale - Proventure PVB(8)
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Vogelweide, Pankow, Berlin Multiple Investment Opportunity 85 sqm Apartment – 155,900 EUR 107 sqm Apartment – 199,000 EUR Property Description: The rural character of Pankow-Rosenthal has been well accounted for while constructing this complex in 1996. It is made up of 2-storey buildings and generous green areas with a playground. Shopping-centres, schools, kindergartens and medical facilities are all located in the vicinity. Thanks to bus and tram-stations right next to the complex the apartments have a good connection to public transport. The good layout of the apartments has been designed according to rules of modern interior design. The configuration includes floor soundproofing, brand quality of the sanitary fittings and instruments and high capacity electrical installations. Lavishly designed balconies and terraces are the outer distinctive mark of this complex of 12 buildings. Thermal insulation provides for optimal utilization of heating energy. And every apartment has a parking bay.
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Multiple Investment Opportunity The good layout of the apartments has been designed according to rules of modern interior design. The configuration includes floor soundproofing, brand quality of the sanitary fittings and instruments and high capacity electrical installations. Lavishly designed balconies and terraces are the outer distinctive mark of this complex of 12 buildings. Thermal insulation provides for optimal utilization of heating energy. And every apartment has a parking bay.
Transcript of Berlin Property for Sale - Proventure PVB(8)
Vogelweide, Pankow, BerlinMultiple Investment Opportunity
85 sqm Apartment – 155,900 EUR107 sqm Apartment – 199,000 EUR
Property Description:
The rural character of Pankow-Rosenthal has been well accounted for while constructing this complex in 1996. It is made up of 2-storey buildings and generous green areas with a playground. Shopping-centres, schools, kindergartens and medical facilities are all located in the vicinity. Thanks to bus and tram-stations right next to the complex the apartments have a good connection to public transport.
The good layout of the apartments has been designed according to rules of modern interior design. The configuration includes floor soundproofing, brand quality of the sanitary fittings and instruments and high capacity electrical installations. Lavishly designed balconies and terraces are the outer distinctive mark of this complex of 12 buildings. Thermal insulation provides for optimal utilization of heating energy. And every apartment has a parking bay.
Property Potential:
Pankow is the most popular district of Berlin. Here prices for residential property – be it for rent or for purchase – have been going up like no other district of the city. Attracted by the hip district of Prenzlauer Berg (a part of Pankow) mostly young families with a higher income move to Pankow, thereby making sure that your investment here will be secure and profitable.
Investor Profile:
With the good tenant structure in place and in an area of strong tenant demand, this property will appeal to an investor who seeks a lower-risk and stable investment with an impressive yield. The low overall purchase price will mean a low deposit is required which will suit some investors. In terms of finance, the property offers little risk and should present well to banks. Finance around 60-70% should be expected, depending on client status and bank chosen.
Investment Overview:
Source: Mietspiegel 2009, administrational office for city development
Financial Information:
Sales Price [Fixed] 155,900.00 Euro 199,000 EuroCurrent Rental (annual) 9,146 Euro 9,970 EuroCurrent Yield (%)1 5.90% 5.01%Potential Yield (%) 6.5%+ 6.50%Total Living Area m2 84.97 sqm 107.01 sqmPrice m2 1,834 Euro 1,859 Euro
Additional Photos:
About ProVenture Property:
ProVenture are a UK based property investment consultancy who aim to provide an unbeatable level of support to the investor at every stage of the investment process. This includes:− General consultancy prior to purchase.− Accompanied inspection trips (if required).− Assistance with UK and German financing.− Assistance with all legal aspects.− Ongoing full management service of purchased property.− Assistance with all UK and German Tax matters.− Assistance with property maintenance,development and eventual sale.
Contact Details:
ProVenture PropertyE-mail: [email protected]: +44 (0)115 7141 511Mobile: +44 (0)7944 324 155WWW.PROVENTUREPROPERTY.COM
1 Yield is the net total of all costs in the table.
