AREA PARK VIEW APARTMENTS IN A CLASSICAL ALTBAU PROPERTY

Transcription

1 AREA PARK VIEW APARTMENTS IN A CLASSICAL ALTBAU PROPERTY 1

2 AREA 2

3 Built in 1918, these classic, recently renovated apartments in the Altbau style are very near the creative Neukölln district but have a quiet park side location at Fontanestr. 32. They will allow investors to enjoy a beautiful, peaceful location on the doorstep of Europe s most culturally creative neighbourhood. Designed in the elegant Wilhelmine Altbau style, the apartments were renovated modernizing their spaces and insulation, yet retaining period features. They possess the trademark Altbau charm, with spacious layouts, high ceilings, wooden floorboards and wooden panel doors. They also have an exclusive location, next to a popular local recreation area, the Volkspark Hasenheide. Although they are centrally located, these wonderful flats enjoy a very quiet location. The will be attractive for use by the property owner or as a capital investment with the potential to increase in value. 3 OpenStreetMap Contributors

4 AREA The building is located in the northern part of Neukölln, next to the Hasenheide public park and close to Tempelhofer field. It is also within walking distance of the famous Szenekiez of Neukölln around Reuterstraße and Weserstraße. This area includes many of the city s leading artists studios, and cutting edge artistic events take place every day of the week. The more sedate Bergmannstraße is a couple of subway stops away, with its art galleries and small shops. The whole Neukölln area is undergoing an exciting transformation driven by its creative population. In the middle of the art galleries, restaurants and bars, the elegant building at Fontanestr. 32 provides an oasis of tranquility. OpenStreetMap Contributors 4

5 CONNECTION WITH PUBLIC TRANSPORT Residents of Fontanestr. 32 have excellent access to public transport. The underground station at Hermannplatz is only a few minutes walk away, and from there you can take subway lines U8 and U7 to all parts of the city. Alexanderplatz is only 10 minutes away, while Charlottenburg can be reached in 25 minutes, while the airport at Schönefeld is just 33 minutes away. Additionally, bus line M41 travels from Hermannplatz to Berlin s main railway station in approximately 20 minutes. 5

6 BUILDING AND UNITS The house at Fontanestr. 32 was constructed in 1918 and is a corner house in the typical Wilhelme Altbau style. The building was extensively renovated, expanding the attic, renewing strands and adding thermal insulation to the rear façade (the current energy rating of the home is 102 kwh). Additional features include the retention of original features like the handrails in the stairwells, wooden panel doors, high ceilings and other stylistic elements. The property covers an area of 2,318 square meters, with 28 residential units of between 56 and 127 square meters each, as well as three commercial units. 6

7 AREA -30 residential units -1 commercial unit -sizes ranging between SqM 7

8 EXAMPLE OF APARTMENT Fontanestr. 32, Unit 27 VH 4. OG re - 93,98 m 2 Rooms Area Corridor / Kitchen 26,86 m² Bathroom 5,81 m² Bedroom 15,36 m² Workroom 18,87 m² Livingroom 25,14 m² Balcony 50% 1,96 m² 8

9 EXAMPLE OF PENTHOUSE Karlsgartenstr. 12, Unit 16 VH DG re - 66,76 m 2 Rooms Area Corridor 6,79 m² Badroom 5,53 m² Kitchen 31,26 m² Small room 0,96 m² Workroom 7,85 m² Bedroom 10,37 m² Terrace 1 50% 3,04 m² Terrace 2 50% 0,96 m² 9

10 OPPORTUNITY ANALYSIS The condition and location of the property The property is in a good technical condition. It is located on a quiet side street near Hasenheide park, very close to the heart of Berlin s creative scene and it is well connected to public transportation. These elements make it an attractive investment opportunity with the potential to rise in value considerably. Re-rental The northern part of Neukölln is changing rapidly, with an influx of young and affluent residents exceeding the supply of available apartments, which is driving rents upward. In the immediate vicinity of the property, new rental leases can reach 10 EUR/SqM, and in the top bracket can reach EUR/SqM. Re-sale Built to high construction standards in 1918, and then renovated skilfully, the property is an interesting investment with significant upward potential. In other German cities like Hamburg, Stuttgart or Munich, similar park side locations can start from 8-9,000 EUR/SqM. 10

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12 CONTACTS Berlin Office: Fax: