Hansastrasse 16

The Building

Hansastrasse 16, Apartments for Sale in Berlin 

• Centrally located, easy access to public transportation – U8 and U9 – 15 min from Alexander Platz.
• Property undergoing renovation of public areas, Newly added thermal insulation.
• Adjacent to green recreational areas, leisure and shopping venues.
• Ideal apartment sized for renting, prices below market average.

The property

There are 30 apartments and 1 commercial unit is the classic Altbau property, built in the early 1900’s.

4 of the apartments are unique penthouses with terrances, and 2 of ground floor apartment have attached gardens.The location and convenient apartments sizes, ranging from 35 to 90 SqM, represent easy to rent units in a high demand area.

The property has undergone renovations in the last couple years, including the installment of thermal insulation, and the renovation of public areas. The facade will be renewed by Inspiration. The apartments have individual gas heating units.

The Building’s image gallery:

The Area

The property is located near beautiful Schiller Park, in one of the most attractive areas of Wedding between the ‘English Quarter’ and ‘Malplaquet Kiez’. Rising prices in Mitte – new developments selling for 6,000 EUR/SqM, and rents reaching 18 EUR/SqM – are acting as a strong catalyst for the transformation of Wedding, just north of the heart of the city.

Traditionally a working class neighborhood, the area is attracting young professionals, lured by the central location and competitive housing prices – starting from 2,000 EUR/SqM in Hansastr. 16.

The attractiveness of the area is creating the micro-climate reminiscent of the urban re-generation process in which northern Neukolln has been transformed over the last 5 years, due to the high prices in Kreuzberg. The property is located just minutes walk from supermarkets, sport and leisure venues, and subway stations – only 15 minutes from Alexander Platz.

The Apartments

There are 30 apartments in the property, including 4 penthouses and 2 garden flats. The strong demand for apartments in the area translates into easy re-rental and an enhanced investment security.

To view the floor plans click here

The Apartments’s image gallery:

Click here to download the Expose

Click here to view the area Map

Property Management

In Inspiration Group we believe that purchasing the property is only the first step in the investment. Managing it successfully and optimizing yields, independent of market conditions, is what determines the overall performance of the investment.

For this reason we offer our investors a complete management package, and have founded our own maintenance company:

We directly manage the apartments and the building, collecting from the tenants rent and taxes, and perform regular maintenance of the property.

• Supervision over the apartments and tenants.
• Locating new tenants in case of termination of lease. We will ensure the the quality of the tenants and the new lease.
• Raising of rents in accordance to legal regulations.
• Analysis of market trends, consulting investors concerning resale opportunities and strategies.
• Vacating of tenants in accordance regulations.
• Renovation of apartments.
• Marketing and reselling.
• Refinance services.

Financing

An initial payment of 20% of the purchase price will be deposited into a notary account within a week of signing the contract. The Additional 80% will be deposited in the account after the sale of all apartments, following a notice from Inspiration Group. In the case of taking a loan, the 2^nd deposit will determined according to the sum of the loan taken.

Loans

It is possible to receive a 40%-50% loan from a German bank. Our investment consultants will assist you in choosing the most suitable loan.

Additional Services

We have created a one stop management package for our investors which includes: re-renting apartments, brokaerage services, supervision of refurbishments, opening bank accounts, submitting tax returns, etc.