Type of constructionBrick-built / High ceilings (over 2.85 m)
Distances
Distance to centre of the town/city 100 m
Metro station (Underground) 200 m
Rental income features
Rental demand in the areaHigh
Who will rentExpats,Local people,Young professionals
Unit finishing in order to rentUnfurnished
Annual rental income4% (estimated)
Exit strategy
ResalePossible after completion
Easy exitHigh demand - very easy
Resale management/consultant Local estate agent , Stonehard
Who will buy Foreign buyers, Local people
*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
FinishingExcellent
Flooring in rooms Parquet flooring
HeatingUnderfloor heating
WindowsWooden window frames
Facilities in the complex/building
CommunalElevator, Lobby
Capital appreciation (p.a.)
Expected price increase of the property* 5% (estimated)
*Quote is based on historic facts, market analysis and monitoring of local trends on the market. *Resale price is fully depending on market conditions. Resale price is not guaranteed.
Central location in living and business district of Berlin-Mitte
Very well connected to public transport, metro station just 1 minute walk
Shopping, medical & leisure facilities nearby
Best German building quality (triple-glazed wooden windows, high ceilings, underfloor heating, KfW70 Efficient house, etc.)
Car spaces in the underground parking garage
This classic Berlin development, designed by renowned architect’s office Patzschke, combines modern conveniences and technical perfection.
The property consists of 5 interconnected houses. The individual floors can be reached barrier-free with an elevator via the spacious foyer with noble natural stone.
The development features 29 apartments with 3 to 5 rooms and living spaces from 91 sq. m. to 241 sq. m.
High quality equipment features like oak-parquet flooring in all the living spaces, underfloor heating, premium ceramic floor tiles, high ceilings up to 3.25 m, sanitary installations from Villeroy & Boch and much more.
Residents can acquire a car space in the underground parking garage.
The project has the most central and convenient location in Berlin-Mitte: it is only a minute walk away from the U-Bahn Station U2 Spittelmarkt, surrounded by quiet streets and within walking distance to parks, the river Spree, restaurants and shops.
Famous landmarks like the Gendarmenmarkt, Friedrichstrasse, Hausvogteiplatz, Alexanderplatz, the Berlin Cathedral and Museum Island can all be reached by foot. Along the Spree canal the Schlossplatz (Palace Square) can be reached, where currently the new „old“ castle is emerging.
The living and business quarter of Berlin between Fischer Island, Spittelmarkt and the Alte Jakobstrasse has been altered completely. Numerous gaps between buildings have been filled with attractive architectural buildings. This area offers interesting art, music and history represented in numerous exhibitions, concert halls and museums. Historical buildings like the Hackesche Höfe and the Rosenthaler Höfe combine living and working in a charming manner.
The district Mitte is very well connected to the public transport system (7 commuter train lines, 3 metro lines, intercity train station, tram and bus lines).
Via the Strasse des 17. Juni (17th of June Street), the Leipziger Strasse or the Karl-Marx-Allee, the Berliner Ring is easily accessible by car. The new airport, Berlin-Brandenburg-International, Berlin‘s surroundings, as well as railway network can be reached easily.
Medical and shopping facilities, as well as diverse leisure facilities, like outdoor swimming pools, parks, cozy cafes and a range of bars and restaurants, complete this district.
Location (exact)
This is the exact location of the property development.
Gallery
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Germany is Europe’s leading economy and ranks first place in terms of the quality of infrastructure
Germany is Europe’s hub for innovation, technology and world market leading companies
Highly developed economic and political frameworks provide the security for your investment
Social security, healthcare and immigration
The social security system is equally contributed to by employees and employers: there is pension, healthcare, as well as unemployment insurance
Healthcare for everyone: since 2009, Germany has introduced a legal obligation to health insurance
Immigration: Germany is a very modern, tolerant and cosmopolitan society with a high standard of living, which is why more than 8 million foreigners have made Germany their home
High-quality education and innovative research
Germany’s world class education system ensures the highest standards: 81% of the German population have been trained to university entrance level or possess a recognized vocational qualification
Most universities and colleges are state funded
Germany is the largest research location in Europe: it increased its R&D expenditures to 65% from 2005 to 2015
Prices
Even with increasing rates of over 10% per year, purchase prices in Berlin are still below other large German cities such as Munich, Hamburg, Stuttgart or Dusseldorf
In the past five years, purchasing prices, as well as the demand for housing, have increased steadily Demand
Berlin’s population is expected to increase by 265,000 by 2030
In 2014, there were only 8,744 new apartments built in Berlin, while the yearly demand until 2020 is estimated at 20,000 to 40,000 residential units. In total, only 6,000 to 10,000 apartments are being built p.a.*
*Source: Cologne Institute for Economic Research, 2015 Investment
In a recent survey, Berlin scored N1 as the most attractive real estate investment destination in Europe*
Investors are optimistic about future growth in Germany and their appetite for project investment is higher than in the rest of Europe
Remarkable increase of international investors: ?2.9 billion of deals transacted in first three quarters of 2014
*Source: PricewaterhouseCoopers survey 2015
Development specifications
KfW70 efficiency house
Representative entrance foyer with natural stone
Barrier-free elevator
Video-intercom system
Underfloor heating
Master bathroom and guest bathroom
Triple-glazed wooden windows
TÜV-certified housing complex
Including smoke detectors
Partially electric external sun protection system
Underground parking garage with bicycle storage room
High-class outdoor facilities
Ceiling height amounts to 2.85 m, (bathroom: 2.50 m) and in penthouses around 3.25 m
Contacts
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The marker on the map is indicating the exact location of the development.