Zeitzer Strasse Berlin

Located on Zeitzer Strasse Berlin, this beautiful Altbau property was constructed in 1900. The front and side wings have been renovated in 2001-2002 and are in a very good condition. The back wing was completely renovated in 2012. A modern district heating centralized system is installed in the building.

There are 34 apartments in the property ranging in sizes from 37 sqm studios to 135 sqm 3 bedrooms apartments. 10 of the units are newly renovated fashionable loft spaces, 7 of which are vacant. All apartments in the property are sold below the average market price in the area.

The property is located in Northern Neukölln near Kreuzberg and Treptow neighborhoods. During the last 5 years the area has become increasingly fashionable attracting hundreds of 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 rose substantially and reached levels of upper middle-class neighborhoods such as Charlottenburg.

The Micro Location is in the area of Richard Platz and Rixdorf – the central area of historical Neukölln famous for its charming buildings dating back hundreds of years.

Just minutes walk from tranquil Richard Platz, Neukölln’s S-Bahn and U-Bahn stations, elegant Korner Park, and the central shopping artery of Karl Marx Strasse combine in creating a very attractive urban mix contributing to the popularity of the area.

Zeitzerstraße is located in the central/northern part of Neukölln. In the last 5 years the northern part of Neukölln neighborhoodadjacent to Kreuzberg has experienced a major urban transformation. Rising property prices in the heart of the city combined with the conversion to a public park of the historic Tempelhof airport, have catalyzed a mass movement of young and affluent residents to the area.

In recent years, dozens of trendy restaurants, galleries, coffee shops and bars have opened in the immediate vicinity. Vacant apartments are virtually non-existent, fueling the rise of rental prices to the level of historically affluent neighborhood like Charlottenburg.

The combination of attractive pricing and high yields, the sustained demand for purchase and rental of properties in the area, and Inspiration’s complete management package create a unique investment opportunity.

Rental Demand

The increasingly high demand for property in the area caused a upward trend in rental prices; within a radios of 500 meters from the property new rental contracts reach 8.5 -11 EUR/ SqM. According to the data collected by CBRE, new leases in the area’s top rental segment stand at 14-15 EUR/SqM.

Re-Sale

The market price for vacant apartments in the immediate vicinity surpasses 3,500 EUR/SqM, significantly higher than Inspiration Group offerings. This gap reflects the substantial capital-gain potential of the investment. Rented apartments in a radios of 500 meters from the property are marketed for 1,700-3,000 EUR/SqM.