Apartments start at just €47k equity and €1,900 per sqm
Four beautiful penthouse apartments and two ground floor apartments with yards
Located in North Wedding on the edge of Mitte in central Berlin
3 minutes to local shops, cafe’s, supermarkets, and within walking distance to sports and leisure venues
2 minutes walk to the U Bahn and transport links which gives access to all of the city
Hansa Strasse Berlin is a classic Altbau property, which was built in the 1900’s and comprises one commercial unit and 30 stylish apartments. Altbau buildings are among the most valuable and eagerly sought, second only to buildings erected after 2008. Some of the defining features of Altbau buildings include ornamental stucco elements, arched doorways, high ceilings, balconies and hardwood flooring. Four of the apartments are exclusive penthouses with private terraces, and two ground floor apartments have attached south facing yards.
A superb location and conveniently sized apartments, ranging from 35 to 90 SqM, represents a selection of easy to rent units in a thriving area which is very much in demand.
The property has been renovated over the past two years. Thermal insulation has been partially installed and public areas have been mostly renewed. Additional renovation work, including the facades will be performed by Inspiration. The apartments have individual gas heating units, or ultra modern energy saving electrical heating units.
Hansa Strasse Berlin enjoys an enviable location near beautiful Schiller Park, and in one of the most attractive and friendly areas of Wedding between the ‘English Quarter’ and ‘Malplaquet Kiez’. Traditionally a working class neighbourhood, the area is an attractive choice for young professionals, who are charmed by its exceptional central location and lured by its competitive housing prices.
Rising prices in Mitte are acting as a strong catalyst for the transformation of Wedding, just north of the heart of the city. New developments in Mitte are selling for 6,000 EUR/SqM, with rents reaching 18 EUR/SqM
The attractiveness of the area is further enhanced by the unique micro-climate that has been created by the new residents. The process of urban-regeneration is reminiscent to the transformation of northern Neukölln over last 5 years – the result of high prices in Kreuzberg.
The property is just minutes from supermarkets, local shops and stores. Sports and leisure venues are also within a short walking distance.
Alexanderplatz can be reached in 15 minutes, and the property’s proximity to subway stations allows easy access to every part of the city.
The key investment point to consider with Hansa Strasse Berlin is the current gentrification which the Wedding area of Berlin is going through. This is a location which we has been specifically identified as one of the hottest investment neighbourhoods.
Wedding has traditionally been a working class neighbourhood, but due to its close proximity to Mitte and cheap prices, has seen young professionals and the lower middle class flock to the neighbourhood. In Wedding, the process of urban-regeneration is reminiscent to the transformation of northern Neukolln over the last 5 years – resulting in prices in Kreuzberg now being over double that of Wedding.
The property also has four penthouse apartments with terraces. These will be in high demand for those who are looking for some outdoor space. There are also two garden apartments with large outdoor spaces on the ground floor.
The increasingly high demand for property in the area caused an upward trend in rental prices; within a radius of 500 meters from the property new rental contracts reach 8.5 -11 EUR/ SqM. According to the data collected by CBRE, new leases in the area’s top rental segment stand at 14-15 EUR/SqM.
The market price for vacant apartments in the immediate vicinity surpasses 3,500 EUR/SqM, significantly higher than Inspiration Group offerings. This gap reflects the substantial capital-gain potential of the investment. Rented apartments in a radius of 500 meters from the property are marketed for 1,700-3,000 EUR/SqM.
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