Oberlandstr. 2

The Building

Oberlandstr. 2, Berlin – Apartments near Tempelhof Park  

• Centrally-located nearby Tempelhof Park
• Located on the seam between Tempelhof and Neukolln neighborhoods
• Beautiful building in an excellent technical condition
• Discount Prices below market average
• 1-3 bedroom apartments in a classic Altbau building
• Inspiration’s Complete Management Suite with financing available for international investors
• Discount Prices below market average

The property

The building was constructed in 1900 and contains 33 apartments. The public areas of the property are well-maintained, the façade has been renovated in the last few years, and the infrastructure of property was upgraded between 2004-2006.
Individual gas heating units are installed in the apartments.

The Building’s image gallery:

The Area

Oberlandstr. 2 is located just across from Tempelhof Park, and near fashionable Schiller Kiez. During the last 4 years, the area has become increasingly popular, with 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 have climbed substantially and reached levels of upper middle-class neighborhoods such as Charlottenburg. The high demand for apartments in the area translates into a very high level of security for investors.

Located near the Oderstrasse Bridge on the south east part of the park, Oberlandstr. is located on the seam between Tempelhof and Neukolln neighborhoods.

Tempelhof Park – Opened in 1927, Tempelhof airport was one of the 3 iconic airports of pre-war Europe, together with La Bourget in Paris and London’s Crydon. It served as the lifeline to West Berlin during the memorable Berlin airlift at the onset of the Cold War. The airport was eventually closed in 2009 and is now a huge urban park where families fly kites and enjoy picnics during the summer. The Berlin municipality plans to invest 60 million EUR by 2017 in the park’s infrastructure and to transform the airport terminal into an exhibition center.

These developments have had a powerful effect on the residential areas surrounding the park, primarily at its northern end. Properties which once suffered from noise and pollution, are now attractively-located next to the wide expanses of an enormous park.

Prices of other properties currently on sale in the area:

1. Distance – 350 meters

Size: 112 SqM, Price: 178,838 EUR, including closing costs (purchase tax, relator fee and notary) – 2,858 EUR/SqM.

www.immobilienscout24.de/expose/72779189

2. Distance – 350 meters.

Size: 28 SqM on Oberlandstr., Price: 84,833 EUR, including closing costs (purchase tax, relator fee and notary) – 3,036 EUR/SqM.

www.immobilienscout24.de/expose/72943492

3. Rented apartment – Distance – 350 meters.

Size: 44.83 SqM, yield: 3.8%, Price: 113,064 EUR including closing costs (purchase tax, relator fee and notary) – 2,522 EUR/SqM.

//www.immobilienscout24.de/expose/73013797

4. Rented apartments in a 500 meter vicinity – rents range between 8.2- 10.7 EUR/SqM.

www.immobilienscout24.de/expose/72647794

www.immobilienscout24.de/expose/72563947

www.immobilienscout24.de/expose/72710124

www.immobilienscout24.de/expose/72943492

The Apartments

Apartments in the property range in sizes from 37 SqM studios to spacious 96 SqM, 3 bedroom apartments.

All units are being marketed at discount prices compared to the neighborhood. All apartments are offered below market price. Eight apartments out of the building face the park and enjoy a balcony or a private garden. A rail track is submerged several meters below ground level north of the property, resulting in minimal noise.

To view the floor plans click here

The Building’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.