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Excellent Location Pooled rental system providing consistent rental income Building & apartment management services included Large light filled apartments High capital increase forecast Purchase finance available Prices from €48,000
NeueBahnhof Straße28 is RealReturns’ latest development in Berlin, Germany. Located in Friedrichshain, the heart of central Berlin, this development offers investors a unique opportunity to purchase an apartment in a fully managed building with a pooled rental income. A purchase in NeueBahnhof Straße28 will generate consistent long term rental income and offer investors the benefit of future forecast capital growth.
Friedrichshain is part of the former East Berlin. Along with Prenzlauer Berg, it has established itself as one of the most sought-after addresses in Berlin. Friedrichshain is a dynamic, young, district home to upwardly mobile urban socialites, young families and Berlin’s affluent tenants. Friedrichshain borders Mitte - Berlin’s commercial and business centre. Friedrichshain is serviced by Excellent transport links including U-Bahn (underground rail), S-Bahn (fast overland rail) and Trams. Simon-Dach-Straße - a street buzzing with bars, pubs, restaurants and clubs, not only the heart of Friedrichshain but arguably of Berlin itself. Boxhagener Platz – another chic urban hang-out in the heart of Friedrichshain. Frankfurter Allee – large avenue constructed after the second world war II leading to Alexander Platz and lined with imposing attractive buildings, most notably Frankfurter Tor.
NeueBahnhof Straße28 consists of 5 floors including 36 apartments and 2 commercial units situated in 3 sections surrounding a central courtyard. There are 9 studio and 27 large one bed apartments. The roof space will be converted in late 2007 into 5 luxurious high Specification 1 and 2 bed penthouse apartments. The building is currently 100% let and in excellent structural condition.
On behalf of the apartment owners the management company will operate a pooled rental system. This a unique system where the total NET rent in the building is collected and distributed to each apartment owner on a % basis (an owner will receive a % of the rent equal to the % of the building area their apartment makes up). Apartment owners then benefit from achieving a % of the rent the entire building is generating thus removing the potential for unlet periods generating no income.
