Ref: FBVP1059                                                                       Rooms: 2, 5

City: Berlin                                                                                 Baths: 1

Area: Friedenau                                                                      Type: Penthouse

Street: Fregestrasse                                                                 Size: 85 m²

Tenanted: yes 

This beautiful penthouse apartment is situated in a wonderful turn of the century building which has been extensively modernised yet still retains some of the period features.

The building has inner courtyard gardens as well as a cellar for storage.

The penthouse enjoys the privacy, light and space typical of a roof top situation.

 The floors are in wood strip parquet with the bathroom and kitchen tiled.

The living room is 32m² offering excellent space and layout options.

The bathroom and kitchen are modern and fully fitted. The apartment has excellent roof top views of the area.

The property lies in a quiet area with extensive local facilities nearby.

In addition there are comprehensive transport links including both underground and surface rail.

The current tenant is about to leave offering a possible vacant possession or availability to rent. This excellent apartment has the unique feel peculiar to penthouse living!!

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.