Altbau style building, constructed in 1905
Comprehensive renovation in 2008
AAA location, just 1.5km from Alexanderplatz
The most central project that Inspiration Group have offered to date
Priced below the market average
Right opposite the beautiful Volkspark Friedrichshain
Landsberger Allee Berlin consists of 33 apartments from 1-3 rooms. It was constructed in 1905 and is in the traditional Altbau style associated with the local area. The property went through an extensive renovation in 2008, which included the renewal of the heating, water, electricity and sewage systems.
Apartments in the front of the building have a direct view of the park, which will make them especially desirable. The apartments range from 44 – 131 SqM and start from €72k equity. The apartments are marketed below the market average for the area so will give an investor the best opportunity to receive significant growth on their investment.
Landsberger Allee Berlin is located on the western tip of the Friedrichshain neighborhood. With Mitte just to the west and Prenzlauer Berg just to the north, this is one of the most desirable neighborhoods in all of Berlin. There are excellent transport links close by with access to U Bahn, S Bahn and tram links within walking distance.
There are all the necessary amenties located within the Friedrichshain area. There are shopping malls, super-markets, local markets, restaurants and café’s dotted all around, a long with sports facilities, theatres and health care centre’s.
Over the last few years, Friedrichshain has evolved into one of the most fashionable and ‘cool’ neighborhoods in the city. There is a strong start up company culture with many technology, digital and design companies flourishing in the area. Boxhanger Platz has a vibrant cultural scene and to the south of Friedrichschain is the world famous Berghain night club.
Opposite from the property is Volkspark Friedrichshain which is one of the most beautiful and picturesque parks in all of Berlin. There are plenty of amenities located inside the park, including playgrounds, tennis courts, jogging trails, a wading pool and even an open air cinema. During winter months a toboggan run is opened which is very popular with local residents.
Alexanderplatz is located 1.5km to the west, which is just a 5 minute tram ride. There are plenty of shops, offices and restaurants and is one of the most visited areas in Berlin. To the north is the exclusive residential district of Prenzlauer Berg, which has some of the cities best galleries and restaurants.
Landsberger Allee Berlin is a compelling investment opportunity due to its fantastic central location and the high standard of its apartments.
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 renovated vacant apartments in the immediate vicinity surpasses 5,000 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 2,000-3,500 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