Central location near the beautiful Weissensee Park with its famous lake
Prices from €40,000
Located adjacent to the fashionable neighbourhood of Prenzlauer Berg
Quiet street with easy access to public transportation and shopping venues
Commercial units available
Unique duplex apartments and mezzanine studios
Lehder Strasse Berlin is a classic Altbau property constructed in 1910, with 16 apartments and 2 commercial units.
The back building has been recently renovated, and the front building will undergo additional renovations by Inspiration Group following the acquisition of the property. Modern heating units are installed in the front building, and a central heating system in the back wing.
The property has 16 units with studios, 1-2 bedroom apartments and wonderful duplex apartments. There are also 2 commercial units in the property and one vacant apartment in the back wing, which will be renovated.
Lehder Strasse Berlin is located on the border of Prenzlauer Berg and Weissensee in central Berlin. Weissensee is renowned for the beautiful Weissensee lake and the high level of it’s public education system. The sharp increase in property prices in Prenzlauer Berg, combined with its convenient location are attracting a large number of upper middle class residents to the neighbourhood.
The property enjoys excellent public transportation links:
The centrally located neighbourhood of Prenzlauer Berg, adjacent to Mitte, is one of the most popular and expensive neighbourhoods in the city, attracting young affluent residents, in particular young families. A large number of restaurants, coffee shops, galleries, pubs and boutique stores create the unique life style characteristic of Prenzlauer Berg.
The key investment point to consider with Lehder Strasse Berlin is the location. The property enjoys a fantastic location on the border of Prenzlauer Berg and Weissensee.
Prenzlauer Berg is considered one of the most desirable places to live in Berlin and has seen flocks of the middle classes move to the area over the last few years. In recent years prices have been growing by 10% per year and are forecast to continue to grow substantially in the future.
Occupancy rates are effectively at zero, which results in apartments being tenanted virtually all of the time, providing stable and predictable returns for investors.
The strong demand for rental apartments in the area translates into new leases in the immediate vicinity reaching 10 EUR/SqM. The demand for housing in the micro location means a high level of security for investors and an ease in locating new tenants for higher rents.
The pricing of Lehder Strasse Berlin is very attractive compared to similar apartments in the vicinity. The average price of apartment in this project is €2,600, while nearby apartments are selling for €3,000 – €3,827. This represents the fantastic capital gain potential of this project and the surrounding area.
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