Part new-build and part renovation, Stralauer Allee is a unique boutique development that sits at the heart of the expansive Mediaspree regeneration scheme that has been driving gentrification in Friedrichshain over the past decade. The forecast for real estate in Berlin is very positive, with the city’s strong growth and dynamic economy driving prices upward. Berlin has a significant supply shortfall, with the city seeing much lower levels of construction than other major metropolitan centres in Germany. There are currently only 226 projects in development across Berlin and the less than 18,000 apartments they will deliver is expected to fall well short of meeting the city’s rising level of demand. With very little residential construction going on in Berlin, this is a fantastic opportunity to invest in some of the city’s limited supply in an area where demand and prices are growing every year.
The development has 24 high-standard 1/2-bed apartments along the River Spree and 2 exceptional sixth-floor penthouses with stunning terraces. The development also has a beautifully landscaped internal courtyard, two separate elevators, private bicycle storage and is family friendly with a small playground. All the apatments have wood parquet flooring in the living/dining, kitchen and hall areas. Walls and ceilings are in a white matt finish and windows have double glazing throughout. The apartments have thermostatically controlled heating via radiators in all rooms. There are cable TV and telephone sockets in all living rooms and bedrooms. All bathrooms include a bath with wall mounted taps including a shower handset and frameless shower screen. The kitchens contain fully integrated brand-name appliances and a washer/dryer, dishwasher, fridge/ freezer, stainless steel oven and a ceramic hob. Only a short commuting distance from employment hubs in Mitte. The apartments range in size from 37 – 157.2 square metres. The estimated completion date for Stralauer Allee is Q4 2016.
Berlin Investment Case
Berlin presents some of the world’s best untapped property investment opportunities right now. Berlin is Germany's centre of government, media, science, education and culture. Germany is one of Europe’s economic powerhouse's, and Berlin is at the heart of the country’s strong tradition of commercial innovation. With EUR 2.74 trillion national GDP – Germany is the world’s fourth-largest economy. A hub for young people, artists and musicians following the fall of the wall, Friedrichshain, where Stralauer Allee is located is a fashionable and growing part of the cosmopolitan German capital. With local investment and regeneration continuing, now is an excellent time to enter a market that combines high growth-potential with significantly lower entry costs than other comparably stable world markets. This investment opportunity offers up to 60% LTV financing and rental yields of up to 5.43%.