25 apartments in a beautiful Altbau property in the Bötzow quarter of Prenzlauer Berg
Sizes from 37 SqM to 91 SqM
Many apartments feature balconies and the front building has its own lift
Courtyard in the middle of the property which is open on one side providing plenty of light
Located on a quiet street in a central location
Good connections to public transport
Heinz Kapelle Strasse is a classic Atbau originally constructed in 1905. There are 25 residential apartments and one commercial unit, with a mixture of tenanted and vacant units.
In the last comprehensive refurbishment, particular care was given to restoring the property’s original features including the tiles, banisters, wooden doors and floors.
The sizes of the apartments vary between 35 SqM and 89 SqM and benefit from tall ceilings and windows allowing an abundance of natural light to enter the rooms. Many of the apartments have traditional or French balconies which are always a desirable feature in Berlin.
Full central heating is installed in the property along with upgraded water, electricity and sewage infrastructure.
Heinz Kapelle Strasse is hidden between Kniprodestrasse and Hans-Otto-Strasse with two narrow arches being the only means of entering the street. This results in no through traffic and a quiet oasis in the centre of an otherwise busting city.
Heinz Kapelle Strasse is located in the Bötzow Quarter, which was first laid out at the beginning of the 19th century. Nowadays this is one of the most popular residential areas of Berlin. The peaceful but also central location was named after one of the oldest families of the city. In the beginning, businessmen and civil servants occupied the splendid late 19th century and art nouveau buildings. In the 1870s, artists and actors also moved into the quarter. After the Berlin wall came down students also were attracted to living in these century-old buildings.
To the North of Heinz Kapelle Strasse is Prenzlauer Berg with its art galleries and café’s, to the west is Mitte, across the road to the South West is Volkspark Friedrichshain and to the South is Kreuzberg and the best of Berlin’s vibrant nightlife.
The real key with the Heinz Kapelle Strasse project is the central location but affordable pricing. Apartments in Heinz Kapelle Strasse range from €3,000 – €4,500 per SqM depending on whether they are vacant or tenanted. The adjacent neighbourhood of Mitte already has prices well over €8,000 per SqM and rents of up to €20 per SqM. Central Prenzlauer Berg has prices of up to €6,000 per SqM and rents of up to €15 per SqM.
Heinz Kapelle is ideally located to benefit from the gentrification of Prenzlauer Berg and the Friedrichshain and Mitte neighbourhoods that surround it. Prenzlauer Berg has already seen fantastic growth of over 10% p.a for the last 5 years and is transforming into a middle class neighbourhood. The long term capital appreciation of this specific location ranks as some of the highest in central Berlin and makes for an excellent addition to any investors portfolio.
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