Classic Altbau property with a refurbished infrastructure
Prices starting from €50,000 investment equity
Located very close to the HTA applied sciences university - home to 13,000 students
Only five minutes from an S-Bahn station providing excellent links to Alexanderplatz and the CBD
Complete management from Inspiration Group designed specifically for international investors
Siemens Strasse Berlin was constructed in the early 20th century and is an example of classic Altbau architecture. It is split into a front and back wing, which enclose an inner courtyard. The back building also enjoys a large backyard that is accessible to all residents.
Buildings in the Altbau style are generally seen as the most sought after properties in Berlin. Constructed during the Wilhelmine period (1870-1914) they are renowned for their solid construction and spacious interiors. Other trademark Altbau features include hardwood floors, arched doorways and stucco ornamentation.
There are 26 units in Siemens Strasse Berlin; 24 residential apartments and 2 commercial units. The entire property was extensively renovated in 2000, which included the buildings facades and infrastructure. New water and sewage systems were installed as well as central gas heating in both wings of the property.
Siemens Strasse Berlin is located on the banks of the River Spree in the Oberschöneweide – Treptow neighbourhood. In recent years the area has seen an influx of artists who have converted many of the surrounding industrial structures into studios and apartments. The area has also seen many families and students come to the area, attracted by river-side living and easy access to the city centre. These new residents have helped to create a vibrant cultural scene with numerous cafes and music recording studios.
The local Berlin government has long-term plans to push forward the regeneration of the Oberschöneweide – Treptow neighbourhood, which makes it very attractive to investors. The plans include cycle and footpaths along the River Spree and several sculpture gardens. The nearby Wuhelheide Forest Park provides access to sporting facilities and there are plans to connect the area to Baumschulenweg via a 1.2km bridge.
Niederschöneweide has also been under development with improved schools, the renovation of Hasselwerder Park and adaption of the area’s industrial buildings into flats. All of these developments are part of a wider plan to harness the area’s central location, attractive services and student population to turn it into an innovation centre of the city.
The majority of students in the area study at the nearby Hochschule für Technik und Wirtschaft (HTW). The 13,000 students at this University have helped to stimulate the growth of bars, restaurants and nightclubs in the area, giving it a bohemian feel. Additionally, Oberschöneweide – Treptow is close to the cultural and nightlife centres of Neukölln and Rummelsburg. The riverside parks of Rummelsburg regularly host open air music festivals and beach parties.
Aside from the area’s positive economic prospects, one of its major strengths is its convenient location. Siemens Strasse Berlin is well-served by S-Bahn stations at Schöneweide, Betriebsbahnhof Schöneweide, Oberspree and Wuhlheide. There are also excellent bus and tram connections.
Oberschöneweide – Treptow is in the middle of an urban regeneration process. The rising prices in the city centre are pushing Berlin’s creative classes to the area and changing the culture of the neighbourhood.
Siemens Strasse Berlin is also adjacent to Berlin’s largest applied sciences university. The student population of this university is around 13,000 and this creates a significant demand for rental properties in the area.
Rents in the neighbourhood have been rising consistently over recent years, reflecting the attractive investment climate. Between 2012 and 2015, the average rent for the area rose by 10.8% annually. Prices are also rising steadily and according to the 2016 CBRE Housing Market Report, since 2014 the annual increase in prices is 13.2%.
Siemens Strasse Berlin is in great condition and represents an exceptional investment opportunity for people to enter the Berlin real estate market. In particular, the smaller apartments provide the ability to own an apartment in one of Europe’s major capital cities with a relatively low equity investment. All purchases are then complemented by Inspiration Group’s full management services, aimed at increasing the value of the property over the long-term.
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