30 beautiful apartments and one commercial unit
Located in the investment hotspot Neukölln
Classic altbau corner building
Exclusive location facing Hasenheide Park
5 minutes walk to the metro, 15 minutes to Berlin's CBD
Complete management designed for international investors
Fontane Strasse Berlin consists of 30 apartments and was constructed in 1918. The property is a classic example of an altbau corner building which is considered very desirable in Berlin. Traditional features are still evident in the property and include original handrails, wood panel doors and flooring, tall ceilings and stucco elements.
Fontane Strasse Berlin has undergone significant renovation during the 1990’s which included an expansion of the attic, renewed wood beams and the rear façade has been fitted with thermal insulation. The property is connected to the district heating system which is modern and provides the hot water and heating to all residents.
The apartments range in size from 56 SqM for two rooms through to 127 SqM for the larger 5 room units. Private balconies are available in some of the apartments which are fantastic to enjoy the park views.
Fontane Strasse Berlin is located in the northern part of Neukölln facing the beautiful Hasenheide Park and a short walking distance from Tempelhofer Park. Many will know Neukölln due to its vibrant cultural scene with abundant galleries, café’s and trendy locations which are popular with local Berliner’s and tourists alike.
The Szenkiez of Neukölln around Reuterstrasse and Weserstrasse is the centre of the creative scene and Bergmannstrasse, with its numerous galleries and small shops, is also just two subway stops away.
Neukölln is currently going through a significant period of gentrification and offers some of the best investment opportunities in all of Berlin. The cultural side of Neukölln is a huge selling point but Neukölln also has fantastic transport links. Fontanestr.32 is located in a calm, quiet setting with a suburb type feel, yet is minutes away from Hermannplatz subway station which offers access to the CBD within 15 minutes and transport links to the rest of Berlin.
Alexanderplatz is 10 minutes away, whilst Charlottenburg can be reached in 25 minutes. There are also easy links to Schönefeld airport and Berlin’s main railway station.
Fontane Strasse Berlin is a unique corner building adjacent to two of Berlin’s most well known parks. It is surrounded by cafe, restaurants and has great connectivity to public transport. Fontane Strasse Berlin is in excellent technical condition and has strong capital gain potential.
It has been 25 years since the reunification of Berlin and it is now home to the fastest growing economy in Germany. The city is characterised by a rich cultural scene, top ranked Universities and a thriving innovation industry. All these factors are attracting new residents from across Germany and the World, resulting in a strong demand for property.
It is currently ranked the #1 investment destination by PWC in their Emerging Trends in Real Estate report. Recent years have seen annual deficits of 15,000 housing units and price increases of 10-13% annually.
The area of Northern Neukölln is undergoing a fast transformation as the influx of new residents far exceeds the available supply of apartment for rent. In the immediate vicinity of Fotane Strasse Berlin new rental leases reach €10 per SqM. At the top of the market rents are €12-13 per SqM.
Apartments in Fontane Strasse Berlin are attractively priced for the area with prices between €2,500 and €4,000 per SqM. Berlin is increasingly becoming one of the most desirable cities to live in Europe and the potential for price increases is substantial.
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