Spacious 2 bedroom modern apartments in the green neighbourhood of Berlin. The apartments are tenanted producing a healthy yield of 5.7%.

The apartments have modern kitchens and bathrooms as well as central heating and balconies. The development is set in mature residents gardens.

This is a perfect entry level investment in an area of Berlin with substantial regeneration and tremendous capital growth prospects.
 

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The apartments for sale are tenanted – how does this work?

The properties all have long term tenants who in fact pay for the ‘running costs’ of the apartment. This includes not only the obvious costs such as electricity, water, etc but include maintenance, minor repairs and rental management. All the costs associated with the property management company are paid on a monthly basis by the tenants.

It is the monthly rental being paid that provides such a solid investment return to the buyer. Yields are generally in 4 – 5 % range offering an investment which is effectively self financing. However, it is the capital appreciation that is the real potential – it is believed property prices in Berlin will double over the next five years!!

Financing your property

If you require a Mortgage there will probably be an additional 1% arrangement fee. Mortgages are readily available through most German banks and typically are offered at 60-80% of the purchase price. As in the UK you will be required to demonstrate that you can make the Mortgage payments! You may, of course, find it more convenient to arrange finance in your home country (subject to status).

The Overseas Property Solution is a trading style of Churchill Innovative Solutions
Churchill Innovative Solutions LTD, Suite H, The Innovation Centre, St Cross Business Park, Monks Brook, Newport, Isle of Wight, PO30 5WB, UK - Registered Company 05662075