Hertzbergstrasse 11

The Building

Hertzbergstrasse 11, Apartments for Sale in Berlin 

• Classical Altbau property in an excellent condition.
• Located in fashionable Richardplatz in northern Neukölln.
• Attractive yields in central Berlin.
• The property and apartments were renovated in 2009.

The property

There are 36 apartments in the classic Altbau property, built in the early 1910’s.

In 2009, the building was renovated, including the installment of new electrical, water and sewage systems.

As part of the renovation thermal insulation and a central modern district heating system were installed.

The Building’s image gallery:

The Area

The property is located in northern Neukölln near the famous art scene of Kreuzberg

During the last 5 year the area has become increasingly fashionable with a particular appeal to members of Berlin’s creative class.

An abundance of coffee shops, restaurants, bars and art galleries have opened in the vicinity of the property, with a larg cultural hub situated near by on Weserstr.

The micro location of the property is near Richardplatz and Rixdorf – the historical core of Neukölln. The area is famous for its charming parks and historical buildings dating back hundreds of years

Situated just minutes away from the Karl-Marx-Straße and Sonnenallee commercial streets and the corresponding U-Bahn and S-Bahn stations – Herzbergstraße is superbly located, enabling easy access to all parts of the city

The Apartments

There are 36 beautifully renovated apartments in the property.

The apartments enjoy newly built in kitchens with appliances. Many of the apartments in the property are perfect as buy-to-let investments with sizes ranging between 37-52 SqM.

Large 95 SqM units are unique to the area, and are in high demand by local families. Three of the apartments will be sold vacant and renovated.

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.