Asking price
€ 306.900
Rent P.A.
€ 6.575
65 m2
2.1 %

Foltow 1, Berlin, Germany

Property Description
On the second floor of a well-kept residence building, a two-room apartment with an area of 64.96 square meters is offered for sale. Located in the Mitte neighbourhood the apartment has an excellent location in the central city centre of Berlin. The apartment is rented at a monthly rent of 547.92 euros per month and has an yield of 2,14% .

Investment Information:
Asking price: € 306.900,- 
The apartment is currently rented. The yearly rental income is: € 6.575,-
Gross yield: 2.14%

Built in 1984, the Flotowstraße residential ensemble at the corner of Bachstraße and Hansaviertel in Berlin’s Tiergarten district catches the eye with its striking architecture, which relates to the IBA Berlin 1979-1987 and is characterised by its individual façade and floor plan design. The building, which tapers to the corner of Flotowstrasse/Bachstrasse and the neighbouring residential building, was extensively renovated in 2016/17. The facades and the stairwells shine in a bright and inviting colour concept.

The modern multi-family house encloses an inner courtyard with old trees and discreet planting. To the side of the Bachstraße there is a small front garden in front of the building. In the object there are individually cut 2- to 4-room-apartments with living spaces of about 64 to 95 square meters. Large window areas allow plenty of light into the individually cut apartments. The majority of the apartments are equipped with winter gardens, which give the apartments a bright and wide character through floor-to-ceiling glass surfaces. Other apartments have balconies.

The back of the building shows the stylistically striking arcades. All apartments have bathrooms and separate kitchens as well as additional guest WC and storage rooms. In the building section of Bachstrasse, a roof terrace of around 40 square metres is expected to be completed for communal use in April 2019.
In front of the residential building there are parking spaces for cars, which are secured by a barrier and are reserved for the owners of the house as private parking space.

The modern condominiums in the well-kept ensemble are in an excellent location in the central city centre in the Hansaviertel in Berlin-Tiergarten. The Hansaviertel is characterized as a residential area by different style epochs. The Siegessäule (Victory Column) rises up centrally at the Großer Stern (Great Star), which is orbited by the traffic flows, but which can be left behind in just a few steps in the Großer Tiergarten. About half the area of the district is covered by one of the city’s most beautiful landscape parks. Even today, the zoo offers nature lovers and leisure enthusiasts a place for extended walks, jogging tours or simply relaxing hours at a picnic or on a bench at the New Lake.

In the south, the district is crossed by the Landwehr Canal and you will find yourself in the embassy quarter of Tiergarten. The tree-lined southern bank of the canal is lined with stylish apartments in old buildings and cafés and restaurants of various colours invite you to spend convivial hours with friends.

In the immediate vicinity of the Flotowstraße condominiums there are charming destinations that have shaped Berlin’s cultural landscape for decades. Be it the Akademie der Künste as a venue for exhibitions, concerts and readings or the famous Grips Theater or the Königliche Porzellan-Manufaktur with sales, guided tours through the workshops and café. The area around Flotowstraße also attracts visitors with its gastronomic diversity. Especially in summer, you can end your working day in a relaxed atmosphere in the Tiergartenquelle, almost next to the front door. Or there is a restaurant ship on the nearby Landwehr Canal, which gives you a maritime flair, and to the north you can enjoy cakes and pastries in the traditional confectionery ‘Buchwald’ in Old Berlin ambience

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