16 apartments in a classic altbau property
Two apartments come with a lovely garden area
Located in the cultural and creative heart of Neukölln
Investment hotspot currently going through a period of gentrification
A few minutes walk from the U-Bahn and S-Bahn stations
Starting from €80,000 equity with fixed rate financing available
Jahn Strasse Berlin was originally constructed in 1900 and has undergone a significant renovation from 2006 to 2008. The infrastructure of the building have been modernized during this renovation which include new water, sewage and electricity systems, along with a renewal of the facades and public areas. A fully modern central gas heating system has been installed which supplies all 16 of the apartments.
There are 16 apartments in Jahn Strasse Berlin which include two that come with gardens attached. The sizes of the apartments range form 38 SqM to 80 SqM so are ideal for Berlin’s youthful rental market. Two completely new penthouses will be constructed on the roof of the property and permits have already been received for this to take place. Completion of the penthouses is expected in Q4 2016.
Jahn Strasse Berlin is located in the northern part of Britz neighborhood in Neukolln. The immediate vicinity has a bourgeois character, with the water canal promenade located a few minutes walk south of the property.
The transformation of the area surrounding Tempelhof Park in recent years has accelerated the development of this micro location, as increasing prices in city center are encouraging an intra-city movement of residents to area of the property.
Jahn Strasse Berlin is situated along the north-south axis of this urban transformation.
Many will know Neukölln due to its vibrant cultural scene with abundant galleries, café’s and trendy locations which are popular with local Berliner’s and tourists alike. The cultural side of Neukölln is a huge selling point but Neukölln also has fantastic transport links. The U7 metro station is located a short distance from the property, and residents also enjoy easy access to the S-Bahn system at Hermanstr. station and to the A-100 highway.
Jahn Strasse Berlin represents an exciting investment opportunity in one of Berlin’s fastest growing neighbourhoods. Neukölln is becoming a cultural and creative centre in Berlin. Coupled with substantial investment that is being made to Templehof Park, prices in the area are sure to increase.
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.
According to data from CBRE, there is high demand for property in the area that has translated into average rents of €8 per SqM for new leases. The the surrounding area rents have been record as high as €13 per SqM meaning the potential for future increase is very high.
The asking price for vacant apartments in the immediate vicinity has surpassed 3,000 EUR/SqM, significantly higher than Inspiration Group offerings. This gap reflects the sizable capital gain potential of the investment. Rented apartments within a radius of 500 meters from the property are marketed for 1,700-2,700 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