The development
This wonderfully restored apartment building was originally constructed during the rebuilding of Berlin in the Fifties. Maintained to a very high standard and with major renovation work recently completed, its not surprising that strolling around the private garden area of these apartments gives a real feeling for the quality of construction combined with modern standards, all the time in keeping with the complex’s history and Fifties charm.
The properties
Over half of the apartments in Otzen Strasse are now owned by the tenants themselves. When you consider that in the rest of Berlin the statistic is just 15%, this speaks volumes. Along with the option of a 10-year rental guarantee that offers 10 years’ income, 10 years’ free maintenance and an interior renovation of the apartment – not forgetting the amazingly low prices for property in the capital city of Europe’s largest economy – this really is as close as you can get to the perfect investment vehicle.
The area
Surrounded by a wide variety of shops, restaurants and bars and within walking distance of the underground, this property offers investors a tremendous opportunity to claim a stake in Europe’s youngest capital. The trendy Schöneberg district – birthplace to Marlene Dietrich – is renowned for its Bohemian atmosphere and style, and the network of cool coffee shops, curious boutiques and trendy places to be seen is ever-more beguiling.
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