Classic Altbau property built in 1905
43 apartments including 4 penthouses with apartment sizes from 41-105 SqM
Exceptional location next to the serene Landwehr Canal and Maybachufer
Only five minutes from the U-Bahn
Complete management from Inspiration Group designed specifically for international investors
Burkner Strasse Berlin was constructed in 1905 and is a classic example of altbau architecture. The building has been well-preserved with a stucco exterior, tiled entrance way, carved wooden balustrades and stained glass windows.
The building has 43 vacant and tenanted apartments ranging in size from 41-105 SqM. Many of the apartments have balconies and the building has a large South facing exposure. There are also four penthouse apartments between 69-105 SqM. The penthouses have retained many of the original features of the building, which brings charm and character to each unit. They also feature their own rooftop terrace with unobstructed views over the city.
Burkner Strasse Berlin is located in the Kreuzkolln neighbourhood of Berlin. Known for its abundance of galleries, restaurants, bars and lush green landscapes bordering the canals.
The Kreuzkolln micro-location is located on the border between the uber fashionable district of Kreuzberg and the trendy Neukolln area. The location is extremely sought after and has seen some of the highest price increases in recent years. Many of the streets in this district fall under the ‘Bestandschutz’ regulation, which limits new construction and further increases prices in the area.
Burkner Strasse Berlin is perfectly located within walking distance of the best that Kreuzkolln has to offer. The Maybachufer (along the Landwehr Canal) hosts farmers markets and the Turkish market several times a week. To the South is Hermannplatz which is home to the large department store Karstadt. Five minutes to the East is the highly sought after family neighbourhood of Graefekiez.
Burkner Strasse Berlin sits in one of the fastest growing areas of Berlin and the purchase prices have been growing very strongly in recent years:
The rental prices in the area have also seen good increases in recent years and this comes despite the ‘Mietspiegel’ rent controls in the city:
This property is managed by Inspiration Group and their in-house customer support unit. Unlike most German management companies they offer customer support in English and Chinese, including monthly updates concerning the investment.
Receiving financing from German banks is made possible for international investors through a pre-approval process.
We help all of our clients re-rent their apartments in the event that they become vacant. We also try to maximise the investment potential of every unit by actively searching for new tenants.
Inspiration Group will act on behalf of investors in selling their properties to a 3rd party.
Regular repairs are performed professionally by Inspiration Group’s maintenance team often without cost to the investor.
Inspiration’s expert team will offer support and manage renovations. Renovations are primarily conducted in cases in which the existing tenant has left the apartment.
The scope and level of renovations are decided upon through consultation with Inspiration Group and are performed in order to increase the apartment’s price or rental yield.
An annual tax filing is required by investors by German Law. Filing is performed through an affiliate CPA office and includes income from rent or sale of one or more apartments.
Single Investor – €150 + VAT
Joint Investors – €225 + VAT.
*Prices correct as of January 2015