Fourteen apartments, two commercial units and one undeveloped attic spread across two beautiful Altbau buildings
Situated in the property investment hotspot of Tempelhof, on the Southern edge of Tempelhofer Park
Apartment sizes ranging from 35 SqM to 101 SqM
Most apartments come with balconies
Meticulously maintained private gardens
15 minutes to the CBD and Mitte
Attractive prices with huge capital growth potential
Friedrich-Wilhelm Strasse is a beautiful classic Altbau property that was constructed in 1906. Altbau Architecture is representative of the buildings of the German Imperial era from 1850 to 1920. These buildings have a unique historicist style and showcase a wealth of intricate details borrowed from classical architecture.
The property consists of fourteen residential units, two commercial units and an undeveloped space on the top floor. The attic unit is currently empty and is being sold with a permit to renovate it into one or two apartments.
Most of the apartments benefit from outward facing balconies which are perfect for enjoying the Berlin summers. The property has private gardens, which are very well maintained and in keeping with the green neighbourhood.
Located next to Tempelhof Park, the property is split into two buildings on the corner of Friedrich-Wilhelm Strasse and Ordenmeister Strasse. This area of Berlin is a very popular neighbourhood to live in and for investment potential, with prices increasing by over 10% per year in recent years.
The property is surrounded by grocery stores, restaurants and shopping areas. There are several schools and kindergartens within 800 meters of the property and two large parks to the North with playgrounds and green space for the whole family.
There are good transport links with two U6 metro stations close by to the property. These provide access to Berlin’s central business district – Mitte – within 15 minutes so perfectly situates Friedrich-Wilhelm Strasse for commuters and students alike.
Less than 5 minutes walk from the property is Tempelhofer Hafen, which is a beautiful waterfront shopping area with café’s, with a port and walks along the canal. The area is also home to many cultural attractions such as the ufaFabrik, a nearby famous landmark with a long history which offers entertainment, festivals, organic food and activities for the whole family.
Friedrich-Wilhelm Strasse Berlin is located in an exciting neighbourhood for investment potential. Over recent years there have been sharp increases in purchase prices, averaging over 10% per year:
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