LOCATED IN A VIBRANT NEUKÖLLN NEIGHBOURHOOD, NEAR RICHARDPLATZ
SHORT WALKING DISTANCE TO PUBLIC TRANSPORT, PARKS, SHOPPING & NEARBY CANAL
BUILDING - CLASSIC ALTBAU PROPERTY OF 21 APARTMENTS
RENTAL FEES - BERLIN’S HIGHEST MONTHLY RENT INCREASES
ATTRACTIVE PRICES - BELOW MARKET APARTMENT PRICES!
A CLASSIC ALTBAU PROPERTY
This beautiful classic Altbau property was constructed in 1910 and contains 21 units, of which 2 are commercial units. Most of t he units have a circulating water heater, but some units have a combined circulating water heater. The building faces North-East and has a wide open view.
The buildings of Altbau from the beginning of the 20th century are in high demand among German and international buyers and renters due to the classic building style, high ceilings, wooden floors and aesthetic design elements that exist in them.
The building is located in an area that is part of the city’s preservation area. In this area there are various conditions for the sale of the property for a period of 7 years. This has helped us to obtain an excellent price for apartments for investors interested in a long-term investment.
The building is located in the north of the Neukölln neighborhood, near the Kreuzberg and Treptow neighborhoods. The region has been gaining momentum in the past five years, and has a large immigration from all parts of the city.
In recent years, cafes and fashionable restaurants, bars and art galleries have opened in the streets nearby. The rate of rental increases in the area is the highest in Berlin and the purchase of an apartment in the building has the potential for significant increase in value.
Further improvement of the apartments’ yield is possible in the future, as the rent can be augmented through the relocation of existing tenants.
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