Ref: FBHM1081                                                   Rooms: 1

City: Berlin                                                            Baths: 1

Area: Tiergarten                                                   Type: Apartments

Street: Klopstockstr.                                            Size: approx. 32 m²

Tenanted: yes

The apartments, built in 1957, were refurbished through the 1990s and have modern tiled bathroom and kitchens as well as wood strip flooring. The studio apartments also have a balcony and parking bays are available. These tenanted properties have an average yield of approx. 5%. Theses apartments represent excellent investment products in a central, prime residential area of Berlin.

These modern apartments are located in the central Tiergarten area of Berlin. There are many historic buildings nearby as well as Potsdamer Platz and the Sony Centre. The local transport links are excellent and the area has a huge variety of shops, bars and restaurants.

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.