Real Estate Investment Opportunity "Holländer Hof" in Berlin        

Holländer Hof is a renovated residential complex from the early 20th century, situated in a quiet and green residential area of Weissensee (White Lake). Constructed by architects Josef Tiedemann & Carl James Bühring and completely renovated in 2004, the complex is built around a 9000 m2 park.
The project has a total of 140 units divided into studios and 1-bedroom apartments. The building contains its original historic features and is refurbished to the highest standards. The property is in close proximity to public transport and shopping facilities. With prices starting at merely 1450€/m2, Holländer Hof is a wonderful investment opportunity.
If you want to read up on this charming district of Berlin, you can visit the official Berlin Page on Weissensee.
Size Location Occupation Details Current Rent Max Net Rent Rent Price
44m² 2nd floor tenanted
07/2009
Renovated studio (1 room) apartment with balcony. The apartment has been renovated in 2008.b Top Floor (Roof) available (optional) to convert into duplex maisonette at a later stage. 269€ 269€ 64.500€
Rent Increases:  Rents can be increased according to the "Mietspiegel" (Berlin´s rental guide for existing tenancy contracts) to 6.50€/m² with a maximum of 20% every 3 years.
It should be noted that investors purchase properties not with view to rental gains but capital appreciation. According to Berliner Newspaper Articles (March 2009) rents rose 6 % during the last 12 to 18 months.

Visiting tenanted properties:  Rental laws oblige tenants to decorate their apartment at their own expense every 3, 5 o 7 years. Tenants also have to pay a 3-month deposit and are obliged to carry the cost of minor repairs as specified in their individual tenancy contracts. Normally, properties are rented without fitted kitchen (tenants install their own kitchen fixures). Therefore, the colour of paint of the apartment, the type of kitchen the tenant installed or any other personalisations of the property by the tenant should not be a decision factor. In order to respect our tenants privacy, we do not take inside photos. We will conduct internal visits of a property once you have decided which property you want to purchase (normally before exchanging notary contracts). Should you feel unfortable with this, kindly select a vacant property in our Antwerpener or Virchow Complex.