The property
A 3.5-room flat of about 78 m² in a building from 1914, in the Berlin district of Kreuzberg. It sits on the raised ground floor, a few steps above street level. Outside space comes in three forms: a balcony, a small terrace and a share of the garden behind the house. A cellar room belongs to the flat.
The floors have been treated with care. Two rooms and the hallway have their original wooden floorboards, restored. A third room has parquet. Kitchen and bathroom are tiled and easy to keep clean.
The flat is sold with the sitting tenant, who has lived here since 2011. Net rent without heating and service charges is €468 a month, about €6 per m², or €5,616 a year. Service charges of €297 bring the total monthly payment to €765. This is a low rent for the area, and the gross yield is about 1.5 %. German tenancy law limits how far and how quickly rent can be raised and gives long-standing tenants strong protection, so a buyer should not count on moving in or on a quick rise in income.
Heating runs on gas. The energy certificate places the building in class E, which is common for houses of this age.
- Building from 1914
- Balcony, terrace and garden share
- Restored original floorboards
- Raised ground floor
- Cellar room included
- Same tenant since 2011
- Viktoriapark within walking distance
Key facts
| Type | Apartment |
|---|
| Town | Berlin, Kreuzberg |
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| Federal state | Berlin |
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| Postcode | 10965 |
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| Living area | 78 m² |
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| Rooms | 3.5 |
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| Year of construction | 1914 |
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| Status | already let |
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| Annual rent received | €5,616 |
|---|
| Gross yield | 1.48% |
|---|
| Features | balcony or terrace |
|---|
| Energy efficiency class | E |
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| Energy demand | 134.2 kWh/(m²·a) |
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| Energy source | gas |
|---|
| Reference | 1002ä |
|---|
The location
Kreuzberg is an inner-city district of Berlin, south of the historic centre, and part of the borough of Friedrichshain-Kreuzberg. The postcode 10965 covers the part of the district south of the Landwehr Canal, a residential area of large pre-1918 apartment buildings with cafés, restaurants and shops at street level.
Viktoriapark is within walking distance. Its hill, crowned by Schinkel's iron monument from 1821, gave the district its name. Mehringdamm, one of the main streets of Kreuzberg, is a few minutes from the flat.
Who it suits. This flat suits a patient buyer who wants a pre-war property in central Kreuzberg as a long-term holding and can accept a low current return from a long-standing tenancy.
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Information on your right of withdrawal
Cancellation policy
If a brokerage contract is concluded, consumers have the following right of withdrawal:
Right of withdrawal
You have the right to withdraw from this brokerage contract within fourteen days without giving any reason.
The withdrawal period will expire after fourteen days from the day of the conclusion of the contract.
To exercise the right of withdrawal, you must inform us (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) of your decision to withdraw from this contract by an unequivocal statement (e.g. a letter sent by post or an email). You may use the attached model withdrawal form, but it is not obligatory.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we shall reimburse to you all payments received from you, including the costs of delivery (with the exception of the supplementary costs resulting from your choice of a type of delivery other than the least expensive type of standard delivery offered by us), without undue delay and in any event not later than fourteen days from the day on which we are informed about your decision to withdraw from this contract. We will carry out such reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
If you requested to begin the performance of services during the withdrawal period, you shall pay us an amount which is in proportion to what has been provided until you have communicated to us your withdrawal from this contract, in comparison with the full coverage of the contract.
End of cancellation policy
German original
Widerrufsbelehrung
Im Falle eines zustande kommenden Maklervertrages haben Verbraucher das folgende Widerrufsrecht:
Widerrufsrecht
Sie haben das Recht, binnen vierzehn Tagen ohne Angabe von Gründen den Maklervertrag zu widerrufen.
Die Widerrufsfrist beträgt vierzehn Tage ab dem Tag des Vertragsabschlusses.
Um Ihr Widerrufsrecht auszuüben, müssen Sie uns (L&B Immobiliya EuRuS GmbH, Frankfurter Allee 18, 10247 Berlin, Tel.: +49 30 762 149 75, E-Mail: info@immobiliya.com) mittels einer eindeutigen Erklärung (z. B. ein mit der Post versandter Brief oder eine E-Mail) über Ihren Entschluss, diesen Vertrag zu widerrufen, informieren. Sie können dafür das beigefügte Muster-Widerrufsformular verwenden, das jedoch nicht vorgeschrieben ist.
Zur Wahrung der Widerrufsfrist reicht es aus, dass Sie die Mitteilung über die Ausübung des Widerrufsrechts vor Ablauf der Widerrufsfrist absenden.
Folgen des Widerrufs
Wenn Sie diesen Vertrag widerrufen, haben wir Ihnen alle Zahlungen, die wir von Ihnen erhalten haben, einschließlich der Lieferkosten (mit Ausnahme der zusätzlichen Kosten, die sich daraus ergeben, dass Sie eine andere Art der Lieferung als die von uns angebotene, günstigste Standardlieferung gewählt haben), unverzüglich und spätestens binnen vierzehn Tagen ab dem Tag zurückzuzahlen, an dem die Mitteilung über Ihren Widerruf dieses Vertrags bei uns eingegangen ist. Für diese Rückzahlung verwenden wir dasselbe Zahlungsmittel, das Sie bei der ursprünglichen Transaktion eingesetzt haben, es sei denn, mit Ihnen wurde ausdrücklich etwas anderes vereinbart; in keinem Fall werden Ihnen wegen dieser Rückzahlung Entgelte berechnet.
Haben Sie verlangt, dass die Dienstleistungen während der Widerrufsfrist beginnen soll, so haben Sie uns einen angemessenen Betrag zu zahlen, der dem Anteil der bis zu dem Zeitpunkt, zu dem Sie uns von der Ausübung des Widerrufsrechts hinsichtlich dieses Vertrags unterrichten, bereits erbrachten Dienstleistungen im Vergleich zum Gesamtumfang der im Vertrag vorgesehenen Dienstleistungen entspricht.
Ende der Widerrufsbelehrung
