Ref:         FBMF1097                                           Rooms:  1 – 3

City:        Berlin                                                    Baths:     1

Area:      Tiergarten                                            Type:      Apartments

Street:    Wilhemshavener Str.                         Size:       34, 77 - 87, 56 m²

Tenanted: yes

****GUARANTEED RENTAL RETURN FOR THREE YEARS!!****

This apartment building is located in the Tiergarten area of Berlin, famous for the Berlin Zoo and the associated park area (the largest enclosed park of any city in Europe). We have on offer 26 apartments all modernized in the year 2000, the original building dating back to 1958.

The tenanted apartments produce a yield of 4.9% WHICH IS GUARANTEED FOR THREE YEARS and includes property management services. The properties are available as studios, or one and two bedroom units ranging in floor area from 35 – 88 m2.

The apartments have modern kitchens and bathrooms, both tiled. In addition there is central heating, street parking and a cellar storeroom.

As you would expect from such a central location the area offers a full range of amenities with a huge range of shops, restaurants, bars, museums and not forgetting the Zoo!

Transport links include above and below-ground rail services as well as several bus routes. As for leisure time you could always walk alongside the River Spree which is close by or take one of the many ferries across to the old east Berlin where you will find a host of architecturally interesting buildings.

Mortgages Available For This Property

Q: What LTV can an investor get?

 A: Up to 90% of the purchase price, but this has become a rare exception. Furthermore, an investor has to bear in mind that the higher the LTV, the higher the interest rates charged by banks.

 Q: How many and what banks are involved in an enquiry?

A: All banks operating in Germany are in the pool. It has turned out that most finances are arranged with an ever-changing hard core of seven banks, which include mortgage or retail banks.

Q: What is the minimum loan possible?

A: Euro 25,000 – this means that a property should at least have a purchase price of Euro 50,000 because for small flats banks rarely give more that 50% of the purchase price.

Q: What properties can be financed?

A: Almost everything, everywhere: residential, commercial, blocks and single flats in big cities as well as the countryside. The bigger the property (or bundle of properties), the better the sustainable yield, the better the state of the property, the less vacancies and the better the location (macro as well as micro), the higher the LTV which should result. Some properties, however, might unfortunately not be financeable at all. This for example can happen if the sustainable yield is lower than 5%. Important for commercial units: The longer the remaining duration of the lease contract, the better for the LTV.