Apartments start at just €56,000 equity and €2,000 per sqm
Property and apartments were renovated in 2009
Apartments feature modern fitted kitchens
Located in the fashionable district of Neukölln adjacent to Richardplatz
Minutes walk from Karl Marx Strasse and Sonnenalle
Excellent public transport links with nearby U-Bahn and S-Bahn stations
The property was constructed in 1910 in the classic Altbau style. In 2009, the building was completely renovated including the installation of a new electrical water system, updated sewage system and central modern heating systems.
There are 36 renovated apartments and one commercial unit. The apartments enjoy newly built kitchens with appliances. Along with a selection of studios and one bedroom apartments, there are three 95 sqm units, which are a unique proposition in an area that usually only offers small apartments.
Hertzberg Strasse Berlin is located in northern Neukölln near the famous art scene of Kreuzberg. During the last 5 year the area has become increasingly fashionable with a particular appeal to members of Berlin’s creative class.
An abundance of coffee shops, restaurants, bars and art galleries have opened in the vicinity of the property, with a large cultural hub situated near by on Weser Strasse. The property is nestled between Richardplatz and Rixdorf – the historical core of Neukölln. The area is famous for its charming parks and historical buildings dating back hundreds of years.
Situated just minutes away from the Karl Marx Strasse and Sonnenallee commercial streets and the corresponding U-Bahn and S-Bahn stations – Hertzberg Strasse Berlin provides easy access to all parts of the city.
The superb technical condition of the apartments and its location combine to make Hertzberg Strasse Berlin a compelling investment opportunity in the heart of Europe’s most exciting property market.
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 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