Silberstein Strasse Berlin

The building was constructed in 1929 and contains 18 apartments and 3 commercial units. The property is a unique corner building, constructed in the famous Bauhaus architectural style, with tall ceilings, wooden floors, balconies, and a curved façade.

A modern central gas heating system has been installed in the building, which will undergo renovation work by Inspiration as part of the purchase price of the apartments.

Sizes of units in the building range between 30-84 SqM, and cater to the needs of young families and professionals flocking to the area. All apartments are offered below market price.

Silbersteinstraße 39 is located a short distance from Tempelhof Park. An extension of fashionable Schiller Kiez in Neukolln, the micro location is in the midst of a process of urban transformation, with young and more affluen residents moving into the neighborhood.

During the last 4 years, dozens of coff e shops, restaurants, bars and art galleries have opened in Schiller Kiez just north of the property, with a concentration of modern art galleries opening on Emserstr., just a few minutes walk away. This micro location presents a great investment opportunity due to the attractive purchase price, high purchase and rental demand in the area, and Inspiration’s complete management package.

The conversion of Tempelhof air port to a park has served as a booster to the urban development of the neighborhoods surrounding it. Nominally part of Tempelhof neighborhood, Oberlandstr. is a direct extension of the increasingly fashionable Schiller Kitz in Neukolln, which has experienced a major urban transformation. This micro location presents a great investment opportunity due to the attractive purchase price, high purchase and rental demand in the area, and Inspiration’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 neighborhood like Charlottenburg.

Rental Demand

According to data gathered by CBRE , high demand for property in the area has translated into 8.33 EUR/SqM in median rents in new leases, while the average in the 10% mercantile in the micro area is 13.81 EUR/SqM. The much lower average rental prices in the property, present the potential for the future increase in rental income and yields.

Re-Sale

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 radios of 500 meters from the property are marketed for 1,700-2,700 EUR/SqM.