Nice, refurbished 2-bedroom apartment with loggia

Refurbished 1 and 2-bedroom apartments with loggia
~~ vacant & tenanted ~~ Ref: Virchow-1

Classic apartments with high ceilings at Residencial Virchow
Notable historic apartment complex built 1927, in fine condition. There are 302 units in this very sought-after residential Bauhaus-style apartment block. Excellent floorplans. In immediate proximity of Underground, Hospitals, Universities and Shopping. Must be viewed.

Size	Floor	Occupation	Details	Rent	Price
74m²	2nd floor	vacant	Renovated 2009: 2-bedroom apartment, large living room, bathroom, kitchen, balcony. Very nice floorplan.		reserved
70m²	2nd floor	tenanted since 2007	2-bedroom apartment, large living room, bathroom, kitchen, balcony. Nice investment with 3.8% yield plus capital appreciation.	360 - 385€	92.500€
69m²	1st floor	vacant	Recommendation - Excellent Opportunity 2-bedroom apartment, large living room, bathroom, kitchen and balcony. Very nice floorplan. Requires some renovation, estimated cost is 14.000€. My craftsmen and my architect can convert this apartment into a gem.	270 - 295€	119.500€
53m²	2nd floor	tenanted since 2005	1-bedroom apartment, large living room, spacious kitchen, loggia and cellar. The apartment is in good condition - renovated 2005.	270 - 315€	76.000€
54m²	2nd floor	tenanted since 1957	1-bedroom apartment, large living room, spacious kitchen, loggia and cellar. Excellent floorplan. Very old female tenant.	270 - 295€	sold
67m²	raised ground floor	tenanted since 2000	2-bedroom apartment which has been renovated beginning of 2000, rent is secure since it is the german government that is paying.	330€	79.500€

MORE OFFERS AVAILABLE - SEND MESSAGE FOR DETAILS.

Old leases: Tenants have renovated the apartment themselves under German law and according to their personal tastes. When they move out, they are of course allowed to leave the apartment in the original condition when they entered.

Yield - Rentabilidad - Rendita - Rentabilité
Please remember that German investors do not buy a property because of the rental yield, but because of protection against inflation and very good potential for capital gains in Berlin (price increases). Kindly read carefully my "question & answers" page.

For VIRCHOW Residential you have the following owners charges:
34 - 37 € per apartment owner-related charges like administration, bank fees, small repairs of the building
45 - 62 € per apartment for maintenance fund, depending on the size (0.60-0.80€/m2 - depends on what is being decided on annual assembly)
Heating, water, insurance, caretaker, rubbish, cable TV etc is attributable to the tenant on a "consumption basis".
The current savings in the maintenance fund are approx. 650 - 850 € per apartment.
Excluding the maintenance fund, all apartments yield between 4.7% and 5.2% which is a very good yield for German investors.
If you consider the contribution towards the community fund as an expenses (which you should not, since the distort the comparison with other properties), then the yield is approx. 4%.

Layout and condition of all apartments is very similiar.
Click on the pictures below to enlarge, to close press "esc" on your keyboard.
Please email for floorplan of each apartment.

	location area house
house
living room sitting room bedroom photos
kitchen fotos		bathroom fotos
main staircase		loggia balcony

COMMUNITY CHARGES: owner - tenant
The managing agent of the community is one of the largest and most reputable administrators in Berlin. You get the benefit of a well-managed property with no arrears and a large community fund.
Here is an approximate breakdown of community charges:

1.50 - 3.00 €/m²	hot and cold water, heating, rubbish collection, insurance, caretaker, cleaning, electricity, gardening etc --> depends on individual consumption	tenant
0.90 €/m²	maintenance fund (community´s savings account) and minor repairs on building.	owner
25€	administration	owner

As you can see, community charges primarily depend on your personal consumption of water & heating. If the flat is vacant or used only for holiday purposes, you should be getting a large part refunded in the following year. The estimates are based on previous year´s consumption. Yearly meter readings ensure that each user pays his fair share.

Cancel Tenancy Contracts: The new owners can cancel tenancy contracts by giving 3-9 months prenotice providing the new owners - or their family - intends to live in the apartment. It might be difficult to visit tenanted apartments but we do have show-flats available and we will always arrange an interior visit before exchanging Notary contracts.

Full tenancy management is available upon request for just 15€ + vat.

LOCATION: A perfect mix of buzzy, multi-cultural city life and peaceful side streets
Opposite "Technische Universität" (Technical University), Charité University Hospital Virchow, Institute for Microbiology, German Heart Center, University Dental Clinic and Robert-Koch-Institute.
Close to relaxing Goethepark and busy Müllerstrasse with Leopoldplatz for late-night shopping.
Due to it´s proximity to City Center East and West, this sought-after location makes a quality investment with good potential for capital appreciation.

PUBLIC TRANSPORT: Underground U9 in front of your door
In 5 stops you reach the Center West: Zoologischer Garten, a couple more to Center East: Friedrichstrasse and Alexanderplatz. 1 stop to Circle Line (S-Bahn) and only 1 stop to Leopoldplatz. Underground runs every 3 minutes weekdays and every 5 minutes at weekends. Tram M13 also nearby.

lively, multi-cultural district where busy commercial life mixes with tranquil side streets
Underground U9 at 100 Meters & Tram & Bus
University Hospital Charité Virchow & Campus
Technical University of Applied Sciencies
Faculties of Civil Engineering & Construction
Sciences: Robert Koch Institute, German Heart Center & Institute for Microbiology
Excellent shopping at Müllerstrasse & Leopoldplatz (5 minutes walk from properties)
only 8 Minutes to Zoologischer Garten / Kürfustendamm and 12 Minutes to Friedrichstrasse

Building "BAUHAUS" style constructed during Weimarer Republic - listed historic monument (Denkmalschutz).
The complex comprises an entire square of 4 streets: Ostender, Lütticher, Limburger and Amrumer Street. It was privatised in 1999 when the City of Berlin sold off it´s glamorous real estate holdings. About 1/3 of the apartments are owner-occupied. The building has benefitted from constant refurbishments and apartments have modern bathrooms, new electricity wiring and tiles kitchens.Building designed by famous arquitect Bruno Möhring and mentioned in Wikipedia.org