Flat for sale 2 bedroom • 61 m² without real estateBurggrafenstr. 20 Berlin Tiergarten Berlin 10787

Property Description:

For sale is an excellently laid-out 2-room apartment that represents a value-retaining investment. The unit is located on the 6th floor of a very well-maintained building from 1973 and is conveniently accessible via a passenger elevator.

The approximately 60.3 m² of living space is distributed between a bright living room with access to a quiet loggia overlooking the green inner courtyard, and a spacious bedroom facing Burggrafenstraße. In addition, the apartment comes with a separate basement storage compartment, which increases its utility for the tenant.

Condition & Modernization:

The apartment underwent a comprehensive modernization in 2005. These measures continue to serve as the foundation for the very well-maintained condition of the property to this day:

• Bathroom: The facilities include a bathtub, a WC, and a hand washbasin. A special feature is the large, high-mounted towel radiator, which provides enhanced comfort and efficient use of space. The bathroom is tiled up to the ceiling, making it easy to maintain.

• Kitchen: The functional fitted kitchen also dates back to 2005, is included in the purchase price, and is rented along with the apartment.

• Flooring: The entrance area and the kitchen have been fitted with high-quality, durable tiles. In the living areas (living room and bedroom), resilient laminate flooring has been installed.

• Windows: Almost all the windows have been replaced with modern insulated glazing, which sustainably secures the unit’s energy quality.

Rental Situation:

The apartment has been reliably rented to the same tenants for many years. This ongoing, non-terminated rental agreement is characterized by continuity and a seamless payment history. The current net cold rent for the apartment is EUR 645. In addition, the monthly advance payment for operating costs is EUR 380, resulting in a total monthly warm rent of EUR 1,025. From day one, this property offers predictable income without any vacancy risk or the need for renovation upon transfer.

Conclusion for Investors:

If you are looking for a property in an excellent location with minimal administrative effort, this represents an ideal investment. The total purchase price for the package, which includes both the apartment and the underground parking space, is EUR 334,000 (Apartment EUR 285,000 + Parking Space EUR 49,000). With current rental income (EUR 645 for the apartment plus EUR 100 for the parking space) generating a reliable annual net cold rent of EUR 8,940, this corresponds to a solid gross rental yield of nearly 2.7%. In combination with the uncomplicated, non-terminated rental agreement and the highly sought-after City West location, you secure a value-retaining investment from day one.

Burggrafenstraße 20 is situated in one of the most desirable areas of the Mitte/Tiergarten district. Located between the Kaufhaus des Westens (KaDeWe) and the Zoological Garden, it is right in the heart of City West.

• Shopping & Culinary: Kurfürstendamm and Bikini Berlin are reachable on foot within a few minutes. The area offers a wide variety of international restaurants and cafés.

• Nature & Recreation: The Große Tiergarten invites you for long walks or sports activities.

• Mobility: The public transportation connections are excellent. The Wittenbergplatz U-Bahn station (lines U1, U2, U3) and Zoologischer Garten station (regional and long-distance trains, S-Bahn, U-Bahn) ensure perfect connectivity in all directions in Berlin.

Also included in the offer is your very own underground parking space right in the building—a decisive advantage in this central location. The sale is made as a package (Apartment EUR 285,000 + Parking Space EUR 49,000 = Total EUR 334,000).

Important Details Regarding the Rental Status:

The underground parking space is currently rented separately to an external tenant (not the apartment tenant), with a monthly rent of EUR 100. This provides the buyer with high flexibility, as the parking space rental agreement is legally independent from the apartment and can be terminated on short notice. The apartment itself is rented out. Please note that the property is located in the protected area "Tiergarten-Süd." All legal requirements regarding tenant protection and pre-emption rights will be observed during the notarized transaction.

Energy Status:

• Energy Certificate: available

• Energy Efficiency Class: E

• Main Energy Source: District Heating

Viewings are possible by prior arrangement with the tenant. We ask for your understanding that we will only consider inquiries with complete contact details and (ideally) a financing confirmation.