Hermann Strasse Berlin
INVESTMENT HIGHLIGHTS
63 Apartments and 4 Commercial Units
Apartments ranging from 32 SqM to 172 SqM
Steps away from Berlin's biggest and most popular park - Tempelhof Park
Beautiful traditional Altbau property from 1900 with intricate facade details
Empty and vacant apartments available
Hermann and Leinestrasse U-Bahn stations within 300m
THE PROPERTY
Herman Strasse Berlin was constructed in 1900 and represents a classic example of Altbau architecture. These properties are renowned for their unique style and showcase a wealth of intricate details borrowed from classical architecture.
The property features 63 apartments ranging from 32 SqM to 172 SqM with tenanted and vacant apartments available. The project also offers four commercial units. The variety of apartments offer great investment opportunities for all investment budgets.
Many of the apartments feature balconies, and in the back building these look out towards Tempelhof Park. There are also generous private gardens available with the ground floor apartments units, which offer a secluded oasis within the bustling hive of Berlin.
THE LOCATION
Neukolln represents the best of Berlin – one part cultural metropolis, one part green urban oasis. Herman Strasse Berlin is situated on the edge of Schiller “Kiez”, which in recent years has become one of the most desirable areas in Neukolln. When Tempelhof airport closed and was transformed into a park, the area around Herrfurthplatz suddenly became an ideal setting with three of its four borders flanked by greenfield sites and parkland.
Hermann Strasse Berlin is surrounded by all your daily amenities; grocery stores, shops, cafes and restaurants. The area is also exceptionally green with Tempelhof Park, Volkspark Hasenheide and Kornerpark all very close by to the property.
The property has excellent transport links with two U-Bahn stations a short walk away. Alexanderplatz can be reached in 12 minutes using the Metro.
OPPORTUNITY ANALYSIS
Purchase Prices
Hermann 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:
Rental Prices
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:
0
%
2013-14
0
%
2014-15
0
%
2015-16
0
%
2013-14
0
%
2014-15
0
%
2015-16
FULL SERVICE MANAGEMENT
MANAGEMENT
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.
FINANCING
Receiving financing from German banks is made possible for international investors through a pre-approval process.
RE-RENT
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.
RE-SALE
Inspiration Group will act on behalf of investors in selling their properties to a 3rd party.
REPAIRS
Regular repairs are performed professionally by Inspiration Group’s maintenance team often without cost to the investor.
RENOVATIONS
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.
TAX FILING
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