Leine Strasse Berlin

There are 23 apartments and one commercial unit in this early 1900s building. The public areas of the property are well maintained, and the large inner courtyard is joined with the adjacent buildings, creating a large shared space.

The infrastructure of the building is in a good condition, the front façade requires maintenance work, which will be performed by Inspiration following the acquisition of the property. Individual gas heating units are installed in the apartments.

Sizes of apartments range between 38-88 SqM, and cater to the needs of young families and professionals flocking to the area. All apartments are offered below market price.

Leinestr. 20 is located at the entrance to Tempelhof Park, on a quiet street, in the heart of fashionable Schiller Kiez. During the last 4 years, the area has become increasingly popular, drawing new residents from other parts of Berlin.

Dozens of coffee shops, restaurants, bars and art galleries have opened in the vicinity of the property in recent years. Rent rates have climbed substantially and reached levels of upper middle-class neighborhoods such as Charlottenburg. The high demand for apartments in the area translates into a very high level of security for investors.

Opened in 1927, Tempelhof airport was one of the three iconic airports of pre-war Europe, together with La Bourget in Paris and London’s Croydon. It served as the lifeline to West Berlin during the memorable Berlin airlift at the onset of the Cold War. The airport was eventually closed in 2009 and is now a huge urban park where families fly kites and enjoy picnics during the summer. The Berlin municipality plans to invest 60 million EUR by 2017 in the park’s infrastructure and to transform the airport terminal into an exhibition center.

These developments have had a significant effect on the residential areas surrounding the park, increasing the demand and value of properties in the immediate vicinity of this urban green area.

The conversion of Templehof airport to a park has served as a booster to the urban development of the neighbourhoods surrounding it. Situated in the heart of fashionable Schiller Kiez in Neukolln, this micro location presents a great investment opportunity due to the attractive purchase price, high purchase and rental demand in the area and Inspiration Group’s complete management package.

Rising property prices in the heart of the city have contributed to a mass movement of young and affluent residents to this micro location.

In recent years dozens of trendy restaurants, galleries, coffee shops and bars have opened in the immediate vicinity. Vacant apartments are virtually non-existent, buoying rental prices which nowadays near those of historically affluent neighbourhoods like Charlottenburg.

Rental Demand

High demand for property in the area has translated into new lease prices in the near vicinity ranging between 8.5-12.7 EUR/SqM, depending on the condition of the apartment for rent. With current rents in the property ranging between 5-8 EUR/SqM, the potential for increased yields is significant.

The strong demand for apartments in the area creates a high level of security, ensuring future re-rental and increased yields.

Re-Sale

The asking price for vacant apartments in the immediate vicinity has reached in some cases 3,000 EUR/SqM, significantly higher than Inspiration Group offerings. This gap reflects the sizable capital-gain potential of the investment. Rented apartments in a radius of 400 meters of the property are marketed for 2,500-3,000 EUR/SqM.