Weserstr. 32
The Building
Weser Str. 32, Kreuzkölln, Berlin- Apartments for Sale in Renovated Altbau Property
- An elegant Altbau property renovated by Inspiration
- Located in fashionable Kreuzkölln
- 1-4 room apartments and penthouses, 3 commercial units
- Up to 30%-50% funding for international investors
- Comprehensive investment management by Inspiration
Location
• Centrally located in Kreuzkölln near the Maybachufer canal
• One of the trendiest multicultural micro locations in Berlin today
• Close to public transits, parks and other amenities
• Progressive urban development from extensive municipal investments
Altbau property is located in the northern part of Neukölln, adjacent to Kreuzber in an area called Kreuzkölln near the Maybachufer canal. This micro location has become one of the hippest multicultural districts in Berlin over the last 5 years.
The metropolitan lifestyle attracts students, young professionals and recently young families from all over the world. The area enjoys a fusion of trendy cafes, restaurants, organic shops and art galleries that nestle along the streets of local Kiez (micro neighborhood). The Maybachufer canal is one of the favorite spots of the residents and tourists as it turns into a vibrant market during the weekend, an ideal spot to shop, stroll and meet new friends.
Situated in the heart of the Kreuzkölln district, the area surrounding Weserstraße 32 has been dubbed as the ‘new Prenzlauer Berg’ and is often compared to the teeming leisure nexus of Simon Dach Strasse in Friedrichshain.
The corner building is located on the junction of Weserstraße and Weichselstraße, creating a lively, yet secured pedestrian feel.
Transportation – U-Bahn and bus lines are easily accessible from the property.
Altbau Architecture
Altbau Architecture is known for its elegance and intricate stucco designs of such exceptional quality. It is inspired by the quaint buildings in the German Imperial era in the beginning of 1860’s, which then, culminated in the first decades of the 20th century.
Characterized by a penchant for antiquity and decorative styles, the buildings usually feature classic vaunt arched doorways, hardwood floors, ornamented stucco elements, and ceilings that can reach a height of 3.5 meters.
In later decades, industrialized and functional designs became prominent, replacing the original unique designs of Altbau buildings decades later.
Most Altbau buildings are found in Berlin’s inner city residential area. With the combination of great location and charming semi-antiquated structures, Altbau properties extremely attract Berlin’s young professionals and international investors.
The Apartments
The property’s distinctive design is an archetype of a German imperial era architecture constructed in the beginning of 20th century. It consists of 32 apartments, 5 of them are penthouses and 3 commercial units are situated on the ground floor.
The property’s infrastructure was completely upgraded in the early 1990’s and a modern heating system was installed in 1998 – reducing the heating costs, and resulting in higher rental incomes for investors.
Inspiration is currently renovating the property’s facades, balconies, stairwells, and lobby; the yard’s landscape is also being developed.
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 2nd 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.
Prices of other properties currently on sale in the area:
1. Rented Apartment in Anzengruberstraße / Donaustraße
Size: 900 m
Rent: 293.606,39 EUR including closing costs (purchase tax, relator fee and notary) –2.542,49 EUR/SqM.
//www.immobilienscout24.de/expose/64359190
2. Vacant apartment in Fuldastr. 37
Size: 300 m 322.380,49 EUR including closing costs (purchase tax, relator fee and notary) – 3.582,01 EUR/SqM.
//www.immobilienscout24.de/expose/75128798
3. Vacant Apartment in Ossastr. 9
Price: 299.294,92 EUR including closing costs (purchase tax, relator fee and notary) – 3.649,94 EUR/SqM.
Distance: 210m
Apartments for Rent :
Weserstraße 47 – 1st Floor -Size: 29.61 SqM, Price/SqM: 12.06 EUR, Distance: 270m.
//www.immobilienscout24.de/expose/75368817
Elbestrasse 25 – 4th Floor. Distance: 500 Size: 64.46 Rent/SqM: 13 EUR.
//www.immobilienscout24.de/expose/74682687
Weserstraße 53 – 2nd Floor. Distance: 400 m Size: 28.62 SqM 11.87 EUR/SqM.
//www.immobilienscout24.de/expose/75207576